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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 0.53% 71.75 End-of-day quote.-0.35%
BLACK HILLS CORPORATION -1.58% 60.99 Delayed Quote.-0.75%
GOLD 0.63% 1852.498 Delayed Quote.-3.21%
GREATLAND GOLD PLC -0.84% 33.207 Delayed Quote.-9.21%
NEWCREST MINING LIMITED 0.72% 26.42 End-of-day quote.2.48%
S&P/ASX 200 0.41% 6770.4 Real-time Quote.1.15%
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 $113.5 million Havieron p..
RE
2020Greatland Gold Gets Approval to Start Early Works at Australia Project
DJ
2020Greatland Gold Wins Regulatory Approvals To Start Early Work At Gold-Copper P..
MT
2020GREATLAND GOLD : CEO Resigns To Pursue Other Interests; Stock Falls 7%
MT
2020Newcrest Outlines Inferred Estimate for Havieron Project
MT
2020Greatland Estimates 4.2 Million Gold Equivalent Ounce Maiden Inferred Resourc..
MT
2020Greatland Gold-Newcrest JV Estimated to Contain 4.2 Million Oz of Gold Equiva..
DJ
2020Newcrest Mining Completes Initial Inferred Mineral Resource at Havieron Proje..
MT
More news
Financials
Sales 2021 - - -
Net income 2021 -5,00 M -6,83 M -6,83 M
Net cash 2021 1,00 M 1,37 M 1,37 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 299 M 1 769 M 1 776 M
EV / Sales 2021 -
EV / Sales 2022 19,2x
Nbr of Employees 8
Free-Float 94,4%
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Technical analysis trends GREATLAND GOLD PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 33,00 GBX
Last Close Price 33,50 GBX
Spread / Highest target -1,49%
Spread / Average Target -1,49%
Spread / Lowest Target -1,49%
EPS Revisions
Managers and Directors
NameTitle
Gervaise Robert John Heddle Chief Executive Officer & Executive Director
Michael Alexander Borrelli Independent Non-Executive Chairman
Callum Newton Baxter Executive Director & Chief Technology Officer
Clive J. Latcham Independent Non-Executive Director
Stephen Frank Ronaldson Secretary
Sector and Competitors
1st jan.Capitalization (M$)
GREATLAND GOLD PLC-9.21%1 769
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WHEATON PRECIOUS METALS CORP.-3.46%18 108
AGNICO EAGLE MINES LIMITED-2.86%16 600