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Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

London Stock Exchange
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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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30 May 2023 15:38

Greatland inks farm-in and joint venture with Rio Tinto

(Sharecast News) - Greatland Gold announced the signing of a farm-in and joint venture arrangement with Rio Tinto on Tuesday, which it said would expedite exploration efforts across 1,884 square kilometres of highly prospective tenure within the Paterson Province of Western Australia, known as the Paterson South Project.

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30 May 2023 11:43

Greatland Gold signs with Rio Tinto for Western Australia expansion

(Alliance News) - Greatland Gold PLC on Tuesday said it entered a farm-in and joint-venture deal with Rio Tinto Exploration Pty Ltd to expand its tenure in the Paterson province in Australia.

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16 May 2023 20:01

IN BRIEF: Greatland Gold confirms ASX listing remains on track

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Notes article published in The Australian Financial Review's Street Talk column today titled "Greatland ramps up listing preparations, BofA nabs role". Confirms that consistent with announcement on May 2, the company is continuing to advance preparations for a cross-listing on the ASX and that this is targeted to occur during the September 2023 quarter. Says ASX listing preparations remain on track. Advises no decision has been made as to whether to conduct a capital raise, nor has it formally mandated any investment banks in connection with the listing.

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16 May 2023 11:20

Greatland clarifies ASX listing progress after Australian press speculation

(Sharecast News) - Mining company Greatland Gold responded to an article published in the Australian Financial Review on Tuesday, which suggested it had enlisted the services of Bank of America to facilitate its listing on the ASX.

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2 May 2023 11:41

Greatland adds Australian director ahead of possible ASX listing

(Sharecast News) - Greatland Gold announced the appointment of Yasmin Broughton as an independent non-executive director on Tuesday, effective immediately.

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27 Apr 2023 09:01

Greatland Gold reports positive progress at Havieron

(Sharecast News) - Gold and copper explorer and developer Greatland Gold released a positive exploration and development update for its flagship Havieron gold-copper project in the Paterson region of Western Australia on Thursday - a joint venture with Newcrest Mining, which holds a 70% stake.

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TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Wall Street gains, Nasdaq up ~0.5%

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LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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