Greatland Gold (AIM:GGP) Transforming into a Major Gold-Copper Producer - Share Talk

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Gold surged past $3,000 per ounce for the first time in history as investors sought refuge in safe-haven assets amid concerns over Donald Trump’s tariff policies. The precious metal climbed 2.9% to $3,000.85 per ounce, extending gains after surpassing its late-February record.

Retail investors following Greatland’s journey will know that 2024 was a defining year. The company made its biggest move yet—completing the transformational acquisition of both Havieron and Telfer, marking its transition into a full-fledged gold-copper producer. This wasn’t just a minor shift; it was a game-changer.

Greatland secured 100% ownership of Havieron and full control of Telfer in a landmark deal with Newmont, finalized on December 4, 2024. The acquisition involved an upfront payment of US$167 million in cash, alongside US$167.5 million in Greatland shares, which resulted in Newmont becoming a 20.4% shareholder in the company. In addition, Greatland repaid US$52.4 million (£41.4 million) in joint venture debt, leaving the company debt-free.

This deal not only consolidates Greatland’s position as a major player in the Paterson Province but also unlocks significant synergies between Havieron and Telfer. By owning both assets outright, Greatland can fully optimize an integrated mining and processing operation, accelerating development timelines and maximizing operational efficiencies....

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