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Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

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Share Price: 7.45
Bid: 7.30
Ask: 7.60
Change: 0.01 (0.14%)
Spread: 0.30 (4.11%)
Open: 7.30
High: 7.80
Low: 7.33
Prev. Close: 7.32
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AIM WINNERS & LOSERS: PetroTal revenue surges; IOG cuts guidance

Thu, 25th Aug 2022 11:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Angus Energy PLC, up 22% at 1.53p, 12-month range 0.56p-1.65p. The oil and gas development company says it has introduced and processed well head gas throughout the combined extraction and condensate processing facility at Saltfleetby gas field in Lincolnshire, England. Angus says it will make nominations for gas sales once it sees stable flow, uninterrupted by electronic trips, for an extended period of time - being not less than eight hours continuous flow. Angus believes this will occur before the end of August.

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PetroTal Corp, up 16% at 48.20 pence, 12-month range 0.14p-49.00p. The oil and gas firm's crude oil revenue jumps in the first half of 2022, boosted by high growth in oil prices. For the six months ended June 30, net income more than triples to USD148.8 million from USD42.2 million a year prior. Crude oil revenue surges to USD211.2 million from USD75.2 million. The firm - focused on oil assets in Peru - says it realised an average Brent price of USD101.54 per barrel, an increase of 58% from USD64.28 a year ago. Looking ahead, it is guiding a 2022 average production of 15,000 barrels of oil per day, up 67% from 8,966 in 2021.

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AIM - LOSERS

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IOG PLC, down 18% at 32.28p, 12-month range 20.59p-46.00p. The North Sea-focused gas and infrastructure operator increases profit in the first half to 2022 as energy prices rise, but lowers production guidance for the Southwark gas field. Pretax profit in the six months to June 30 surges to GBP11.4 million from GBP209,000 a year ago. IOG reduces its gross production guidance for the second half of 2022 to 30 million to 50 million standard cubic feet per day from 45 million to 60 million on June 20 to "account for a range of planned and unplanned downtime scenarios as well as potential variation in Southwark first gas timing," referring to its gas field in the North Sea.

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Greatland Gold PLC, down 8.7% at 8.49p, 12-month range 8.10p-23.00p. The gold miner says it has raised USD35 million via an "oversubscribed" placing of 362.9 million shares at 8.20p each. On Wednesday, the London-headquartered mine developer and explorer focused on Western Australia announced a placing to raise USD30 million. The issue price represents a 13% discount to the firm's closing price on Wednesday. Greatland on Wednesday, said it intends to use the proceeds to fund the continued development of Havieron in conjunction with joint venture partner, Newcrest Mining Ltd.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Sep 2023 11:06

Greatland Gold submits two applications for exploration at Yannarie

(Alliance News) - Greatland Gold PLC on Friday said it has submitted applications for two new exploration licences covering 126 square kilometres in Australia.

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14 Sep 2023 16:55

Greatland Gold defers Australian listing as strikes financing deal

(Alliance News) - Greatland Gold PLC on Thursday deferred plans for a listing in Australia after striking a AUD50 million standby facility with cornerstone investor, Wyloo Consolidated Investments Pty Ltd.

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14 Sep 2023 11:56

Greatland Gold defers ASX listing, arranges AUD 50m standby facility

(Sharecast News) - Greatland Gold announced an AUD 50m (£26m) unsecured standby debt facility with Wyloo Consolidated Investments on Thursday.

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8 Sep 2023 10:22

Greatland Gold updates on Newmont acquisition of its Havieron partner

(Sharecast News) - Greatland Gold updated the market on the planned acquisition of its joint venture partner Newcrest Mining by Newmont Corporation on Friday.

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11 Aug 2023 08:20

Greatland reports latest progress at Havieron

(Sharecast News) - Precious and base metals miner and developer Greatland Gold updated the market on its Havieron gold-copper project in the Paterson province of Western Australia on Friday.

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25 Jul 2023 15:13

Greatland Gold completes drilling as Havieron development progresses

(Alliance News) - Greatland Gold PLC on Tuesday said it has completed two drilling programmes at its projects, and is making progress with its Havieron development, and is awaiting assay results.

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25 Jul 2023 10:53

Greatland makes solid progress on exploration, development

(Sharecast News) - Mining exploration company Greatland Gold reported substantial development at the Scallywag and Paterson South projects on Tuesday, as well as advancements on the Havieron decline development.

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7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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26 Jun 2023 11:43

Greatland Gold commences maiden drilling campaign at Paterson South

(Alliance News) - Greatland Gold PLC on Monday said it began a maiden drilling campaign at Paterson South project, while also noting drilling at two targets.

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26 Jun 2023 09:40

Greatland kicks off drilling campaign at Paterson South

(Sharecast News) - Explorer and developer Greatland Gold announced the start of its maiden drilling campaign at the Paterson South Project on Monday.

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19 Jun 2023 12:15

IN BRIEF: Greatland Gold finds high-grade gold and copper at Havieron

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says it continues to intersect high-grade copper and gold mineralisation at the south east crescent of its 70%-owned Havieron project. Notes intersections of 6.6 grams of gold per tonne and 0.26% copper over 32 metres, as well as 46 metres at 4.2 grams of gold per tonne and 0.16% copper. Adds that it has completed 2,400 metres of drilling so far, including 1,700 metres of advance in the main access decline.

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19 Jun 2023 09:58

Greatland pleased with recent progress at Havieron

(Sharecast News) - Greatland Gold updated the market on its Havieron project in Western Australia on Monday - a joint venture with Newcrest Mining, which holds a 70% stake.

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5 Jun 2023 12:07

IN BRIEF: Greatland Gold soon to complete Tasmanian tenements sale

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says divestment of Firetower and Warrentina tenements in Tasmania will formally complete on or around this Friday. Company agreed to sell tenements to Flynn Gold Ltd for an initial consideration of AUD200,000, or around GBP106,344, via the issue of 2.0 million shares in Flynn Gold at AUD0.10 per share. Purchase also includes deferred consideration of AUD500,000 upon definition of at least 500,000 ounces of gold within one or both tenements; a further AUD500,000 upon issues of a mining permit for any part of the tenements; and a 1% net smelter royalty payable to Greatland from any production from the tenements.

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1 Jun 2023 14:13

IN BRIEF: Greatland Gold names Newcrest as manager of Juri JV

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says Newcrest Mining Ltd, its joint venture partner, will become Juri's manager from July 1. The Juri JV is an unincorporated JV between Greatland, which holds 49%, and Newcrest which holds 51%. The JV was formed in November 2020 to accelerate exploration at the Paterson Range East and Black Hills exploration licences.

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1 Jun 2023 13:05

Greatland to transfer management of Juri to Newcrest Mining

(Sharecast News) - Greatland Gold announced on Thursday that the management of the Juri Joint Venture would be transferred to its partner Newcrest Mining from 1 July.

Read more

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