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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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3 May 2022 11:55

Wishbone Gold signs drilling contract for Red Setter project

(Alliance News) - Precious metals trading company Wishbone Gold PLC said on Tuesday it signed a drilling contract for the company's Red Setter gold and copper project in the Patersons Range area of Western Australia.

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29 Apr 2022 11:36

Greatland Gold gets good drill results at Havieron gold-copper project

(Alliance News) - Greatland Gold PLC said on Friday its growth drilling programme continues to expand the Havieron gold-copper project's footprint in Western Australia.

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28 Apr 2022 09:27

Greatland Gold reports exploration progress at Havieron

(Sharecast News) - Greatland Gold updated the market on exploration and development at the Havieron gold-copper project in the Paterson region of Western Australia on Tuesday, where seven drill rigs were currently operational, and all focussed on growth.

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6 Apr 2022 09:39

LONDON BROKER RATINGS: Berenberg cuts Polymetal and raises Hochschild

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

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5 Apr 2022 10:01

Greatland Gold confirms prospectivity of Scallywag with new results

(Alliance News) - Greatland Gold PLC on Tuesday received the results for seven holes and a ground electromagnetic survey at its Scallywag licence that provided evidence for mineralising system and confirmed the prospectivity of the area.

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21 Mar 2022 09:24

Greatland Gold interim loss widens as administrative expenses jump

(Alliance News) - Greatland Gold PLC on Friday reported a widened interim loss on increased administrative expenses but expressed confidence in its ability to fund its operations for the foreseeable future.

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21 Mar 2022 09:24

Greatland losses widen as it progresses development work

(Sharecast News) - Greatland Gold reported a total loss of £3.59m in its interim results on Monday, widening from £2.67m, as it reported "significant progress" in its exploration and development work.

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10 Mar 2022 12:50

Greatland Gold reports more progress at Havieron

(Sharecast News) - Greatland Gold updated the market on exploration and development at the Havieron gold-copper project in the Paterson region of Western Australia on Thursday, reporting that six drill rigs were now operational after the Christmas shutdown.

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10 Mar 2022 11:05

Greatland Gold boasts six rigs at Havieron as exploration ramps up

(Alliance News) - Greatland Gold PLC on Thursday said six drill rigs are currently operational at its Havieron gold-copper project in Western Australia, with all of them focused on growth programmes.

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3 Mar 2022 14:36

IN BRIEF: Greatland Gold gets 50% hike in mineral resource at Havieron

Greatland Gold PLC - Havieron gold-copper project in Paterson Province, Western Australia - Updated mineral resource for Havieron following 10 months of drilling shows more than 50% increase in gold content to 5.5 million ounces, including 3.1 million in the indicated category and 2.4 million in the inferred category. Also estimates 218,000 tonnes of copper, with 146,000 tonnes indicated and 72,000 tonnes inferred. The resource review is independently assessed by SRK Consulting according to JORC guidelines. "The update has unearthed further aspects of the Havieron system and validates that Havieron is a world class deposit with significant growth potential," says Chief Executive Officer Shaun Day.

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3 Mar 2022 14:28

Greatland reports 'substantial increase' in Havieron resource

(Sharecast News) - Greatland Gold reported a "substantial increase" in resource and reserve at Havieron on Thursday, after an additional 10 months of "consistently impressive" drilling results since the February 2021 drilling cut-off used for the last update.

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17 Feb 2022 10:06

Greatland Gold notes potential for upgraded estimate at Havieron

(Alliance News) - Greatland Gold PLC said on Thursday there is potential for a resource estimate upgrade at its Havieron gold project joint venture.

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15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

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

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28 Jan 2022 14:42

IN BRIEF: Greatland Gold JV presents high-grade results at Havieron

IN BRIEF: Greatland Gold JV presents high-grade results at Havieron

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28 Jan 2022 11:40

Greatland Gold upbeat on latest results from Havieron

(Sharecast News) - Precious and base metals miner Greatland Gold updated the market on exploration and development at the Havieron gold-copper project in the Paterson region of Western Australia on Friday.

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