Why GGP !18 Mar 2025 09:34
42% profit increase in Greatland Gold PLC shares in 2025.
Key milestone: Secured full control of Havieron and Telfer mine from Newmont in December 2024.
Telfer production exceeded forecasts: 29,864 ounces of gold and 1,189 tonnes of copper in 27 days.
Telfer mine expected to produce 426,000 ounces of gold equivalent over 15 months, with potential for mine life extension.
Havieron has a resource of 8.4 million gold-equivalent ounces and low-cost production ($818 per ounce).
Planned production: 4.5 million ounces over 20 years, averaging 258,000 gold-equivalent ounces per year for the first 15 years.
Feasibility study for Havieron due in second half of 2025, with first gold production expected in second half of 2027.
Non-binding support for A$775 million in debt facilities.
ASX listing planned for June 2025 to boost capital markets profile.
Undervalued stock: Trades at half its net asset value (NAV), with a target valuation of 19p.
Strong execution so far, but success depends on continued execution and funding.