Greatland Gold (GGP)

Sector:

Mining

Index:

FTSE AIM 100

6.43p
   
  • Change Today:
    -0.045p
  • 52 Week High: 11.50
  • 52 Week Low: 5.74
  • Currency: UK Pounds
  • Shares Issued: 5,090m
  • Volume: 2,710,333
  • Market Cap: £327.06m
  • RiskGrade: 367

Greatland Gold loss deepens amid new exploration projects

By Duncan Ferris

Date: Tuesday 29 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Greatland Gold on Tuesday reported a widened annual loss after exploration costs rose due to drilling campaigns at the company's Havieron and Black Hills targets.
The precious metals miner recorded a loss before tax of £3.3m for the 12 months ended 30 June, compared to a loss of £1.8m the year before, as exploration costs rose by 126% to £2.3m.

As with last year, the company did not return any revenue.

The increase in costs came as Greatland conducted its second drill campaign at the Havieron gold-copper target in the Paterson region of Western Australia.

The company said that the results from this campaign were instrumental in securing a $65m farm-in agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining.

Newcrest has began drilling at Havieron in May, with initial drill results having defined a series of higher-grade zones within a broad envelope of mineralisation.

Elsewhere, the company commenced its first drill campaign at Black Hills following positive results from a high-powered, deep-sensing induced polarisation survey, while Greatland has identified further high-priority targets with a similar magnetic signature to Havieron at its Paterson Range East licence.

In total, the AIM traded company currently operates and wholly owns four projects in Western Australia and two in Tasmania.

Chairman Alex Borrelli said: "Greatland is the only AIM listed company with exposure to the new "gold/copper rush" in the Paterson region of Western Australia. Our focus now is to build on our success and to leverage the knowledge and insights gained at Havieron to prioritise and accelerate exploration at key targets across our Paterson licences. We are also working to continue to systematically advance our wider portfolio of projects."



Greatland Gold shares were down 1.42% at 1.70p at 1318 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Greatland Gold Market Data

Currency UK Pounds
Share Price 6.43p
Change Today -0.045p
% Change -0.70 %
52 Week High 11.50
52 Week Low 5.74
Volume 2,710,333
Shares Issued 5,090m
Market Cap £327.06m
RiskGrade 367

Greatland Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.41% below the market average72.41% below the market average72.41% below the market average72.41% below the market average72.41% below the market average
95.42% below the sector average95.42% below the sector average95.42% below the sector average95.42% below the sector average95.42% below the sector average
Price Trend
18.86% below the market average18.86% below the market average18.86% below the market average18.86% below the market average18.86% below the market average
41.26% above the sector average41.26% above the sector average41.26% above the sector average41.26% above the sector average41.26% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Greatland Gold Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:42 76,846 @ 6.46p
09:41 3,873 @ 6.46p
09:41 15,000 @ 6.41p
09:41 762 @ 6.40p
09:41 76,846 @ 6.46p

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