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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Greatland Gold plc    GGP   GB00B15XDH89

GREATLAND GOLD PLC

(GGP)
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Greatland Gold: Drilling Results Point to New Australia Target Area

10/29/2020 | 04:13am EST

By Anthony O. Goriainoff

Greatland Gold PLC said Thursday that drilling results at the Havieron deposit by Newcrest Mining Ltd. in Australia have identified a fourth potential new target area.

Exploration activities at Havieron are operated by Newcrest under a farm-in agreement with Greatland.

The London-listed precious and base metals miner said drilling results highlight the potential for a new region not previously recognized--the Eastern Breccia--and extends mineralization externally to the ovoid-shaped crescent sulfide zone.

Exploration programs at Havieron continue, with infill drilling to deliver an initial inferred mineral resource and step out drilling to define the extent of the mineralized system, the company said. It added that environmental and baseline studies to support the potential commencement of decline at Havieron by the end of 2020 or early 2021 are progressing.

"As Newcrest's growth-drilling program further expands the footprint of the mineralized system at Havieron, infill drilling has continued in order to support the estimation of an initial inferred mineral resource from the southeast crescent and adjacent breccia mineralization," Chief Executive Gervaise Heddle said.

Shares at 0856 GMT were up 0.88 pence, or 3.7%, at 24.38 pence

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

10-29-20 0512ET

Stocks mentioned in the article
ChangeLast1st jan.
CRESCENT NV -1.60% 0.037 Real-time Quote.5.71%
GOLD 0.03% 1855.32 Delayed Quote.-1.49%
GREATLAND GOLD PLC -1.93% 28 Delayed Quote.-24.12%
NEWCREST MINING LIMITED -1.47% 26.76 End-of-day quote.3.80%
All news about GREATLAND GOLD PLC
01/21GREATLAND GOLD : Initiates Early Works At Havieron Project In Australia
MT
01/14NEWCREST MINING : Limited - Havieron Project receives regulatory and funding app..
AQ
01/13Greatland Gold's JV Partner Approves $114 Million Funding to Advance Havieron..
MT
01/12Australia's Newcrest Mining gets regulatory nod for $113.5 million Havieron p..
RE
2020Greatland Gold Gets Approval to Start Early Works at Australia Project
DJ
2020Greatland Gold Wins Regulatory Approvals To Start Early Work At Gold-Copper P..
MT
2020GREATLAND GOLD : CEO Resigns To Pursue Other Interests; Stock Falls 7%
MT
2020Newcrest Outlines Inferred Estimate for Havieron Project
MT
2020Greatland Estimates 4.2 Million Gold Equivalent Ounce Maiden Inferred Resourc..
MT
2020Greatland Gold-Newcrest JV Estimated to Contain 4.2 Million Oz of Gold Equiva..
DJ
More news
Financials
Sales 2021 - - -
Net income 2021 -5,00 M -6,84 M -6,84 M
Net cash 2021 1,00 M 1,37 M 1,37 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 086 M 1 484 M 1 486 M
EV / Sales 2021 -
EV / Sales 2022 16,0x
Nbr of Employees 8
Free-Float 94,4%
Chart GREATLAND GOLD PLC
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Greatland Gold plc Technical Analysis Chart | GGP | GB00B15XDH89 | MarketScreener
Technical analysis trends GREATLAND GOLD PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 33,00 GBX
Last Close Price 28,00 GBX
Spread / Highest target 17,9%
Spread / Average Target 17,9%
Spread / Lowest Target 17,9%
EPS Revisions
Managers and Directors
NameTitle
Gervaise Robert John Heddle Chief Executive Officer & Executive Director
Michael Alexander Borrelli Independent Non-Executive Chairman
Callum Newton Baxter Executive Director & Chief Technology Officer
Clive J. Latcham Independent Non-Executive Director
Stephen Frank Ronaldson Secretary
Sector and Competitors
1st jan.Capitalization (M$)
GREATLAND GOLD PLC-24.12%1 484
NEWMONT CORPORATION3.11%49 798
BARRICK GOLD CORPORATION3.17%41 710
POLYUS-2.90%26 441
WHEATON PRECIOUS METALS CORP.-3.18%18 179
AGNICO EAGLE MINES LIMITED0.26%17 134