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IN BRIEF: Greatland Gold Loss Widens Amid Higher Exploration Costs

5th Nov 2020 15:52

Greatland Gold PLC - base metals exploration firm with asset in Australia - Pretax loss for financial year to June 30 widens to GBP5.1 million from GBP3.3 million. Exploration costs increase to GBP3.4 million from GBP2.3 million, and administrative expenses up to GBP1.6 million from GBP888,661.

"It has been a transformational year for Greatland Gold PLC. The Havieron gold-copper deposit, purchased as an early stage exploration project in September 2016, has been a game changer for the company and, as we look to the year ahead, we remain excited by the exploration potential at both Havieron and our other key prospects in the Paterson region," firm says.

Current stock price: 23.50 pence

Year-to-date change: up sharply from 1.80p

By Lucy Heming; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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Greatland Gold
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