Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Greatland Gold PLC bounces as Newmont confirms Newcrest vote date

Published 08/09/2023, 09:57
Updated 08/09/2023, 10:10
© Reuters Greatland Gold PLC bounces as Newmont confirms Newcrest vote date

Proactive Investors - Greatland Gold PLC (LON:GGPL) shares bounced 10% after an update on the agreed takeover of its joint venture partner in the Havieron project, Newcrest Mining.

Suitor Newmont Corporation today confirmed in a scheme of arrangement circular that a shareholder meeting will take place in Melbourne on 13 October to vote on the proposed deal.

Assuming that Newmont's acquisition completes in November 2023 as expected, Greatland said it “looks forward to the opportunity to work constructively with Newmont to optimise the development of Havieron, finalise the feasibility study and progress to a decision to mine.”

A feasibility study for Havieron, where Greatland owns 30% of the joint venture, is ongoing, it added, with value enhancing options being assessed to maximise value and de-risk the project.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.