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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, Newcrest Mining Extend Collaboration in Australian Gold Projects

11/30/2020 | 04:36am EST

By Jaime Llinares Taboada

Greatland Gold PLC said Monday that it has signed two new joint-venture agreements with Newcrest Mining Ltd. to develop its gold and copper projects in Australia.

The London-listed gold miner said new agreements for the Havieron gold-copper project--where ASX-listed Newcrest is entitled to earn up to a 70% interest upon $65 million expenditure--provide a framework to facilitate the expansion of exploration activities and accelerate early works. In addition, Newcrest has agreed to provide Greatland with a $50 million loan for the latter to fund its share of joint venture exploration costs.

Meanwhile, Greatland and Newcrest have formed a separate joint venture to accelerate exploration at Greatland's Black Hills and Paterson Range East gold licenses in Australia. Newcrest has received a 25% interest in the licenses, and can earn up to a 75% stake by spending up to 20 million Australian dollars ($14.8 million).

Shares in Greatland at 0901 GMT were up 6.5% at 26.35 pence. Shares in Newcrest were down 0.6% at AUD26.93.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

11-30-20 0435ET

Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -2.29% 70.84 End-of-day quote.-1.61%
BLACK HILLS CORPORATION 1.21% 61.97 Delayed Quote.0.85%
GOLD -1.04% 1827.635 Delayed Quote.-2.69%
GREATLAND GOLD PLC -2.94% 33 Delayed Quote.-10.57%
NEWCREST MINING LIMITED 0.00% 26.68 End-of-day quote.3.49%
S&P/ASX 200 0.00% 6715.4 Real-time Quote.1.95%
All news about GREATLAND GOLD PLC
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 $113.5 million Havieron p..
RE
2020Greatland Gold Gets Approval to Start Early Works at Australia Project
DJ
2020Greatland Gold Wins Regulatory Approvals To Start Early Work At Gold-Copper P..
MT
2020GREATLAND GOLD : CEO Resigns To Pursue Other Interests; Stock Falls 7%
MT
2020Newcrest Outlines Inferred Estimate for Havieron Project
MT
2020Greatland Estimates 4.2 Million Gold Equivalent Ounce Maiden Inferred Resourc..
MT
2020Greatland Gold-Newcrest JV Estimated to Contain 4.2 Million Oz of Gold Equiva..
DJ
2020Newcrest Mining Completes Initial Inferred Mineral Resource at Havieron Proje..
MT
More news
Financials
Sales 2021 - - -
Net income 2021 -5,00 M -6,79 M -6,79 M
Net cash 2021 1,00 M 1,36 M 1,36 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 280 M 1 740 M 1 739 M
EV / Sales 2021 -
EV / Sales 2022 18,9x
Nbr of Employees 8
Free-Float 94,4%
Chart GREATLAND GOLD PLC
Duration : Period :
Greatland Gold plc Technical Analysis Chart | GGP | GB00B15XDH89 | MarketScreener
Technical analysis trends GREATLAND GOLD PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 33,00 GBX
Last Close Price 33,00 GBX
Spread / Highest target 0,00%
Spread / Average Target 0,00%
Spread / Lowest Target 0,00%
EPS Revisions
Managers and Directors
NameTitle
Gervaise Robert John Heddle Chief Executive Officer & Executive Director
Michael Alexander Borrelli Independent Non-Executive Chairman
Callum Newton Baxter Executive Director & Chief Technology Officer
Clive J. Latcham Independent Non-Executive Director
Stephen Frank Ronaldson Secretary
Sector and Competitors
1st jan.Capitalization (M$)
GREATLAND GOLD PLC-10.57%1 806
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AGNICO EAGLE MINES LIMITED-0.72%16 966