19th Aug 2022 09:19
Greatland Gold PLC - mine developer and explorer in Western Australia - Says Newcrest Mining Ltd has elected not to exercise the option to buy an additional 5% interest in the Havieron joint venture deal at a price of USD60 million. Says Greatland will retain 30% ownership in the JV, as it believes this outcome "delivers substantial medium to long term value to Greatland". Says it had previously made a non-binding offer to Newcrest to acquire for USD85 million, a 5% stake in Havieron. Read More