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Greatland Gold (LSE:GGP) Reduces Net Losses in FY24, Cash Reserves Surged Nearly 690%

Wed 26 Feb 25, 02:50 AM | Team Kalkine

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Highlights

Greatland Gold PLC (LSE:GGP) is an Australia-based mining company that produces, develops, and explores precious and base metals in Western Australia. Greatland’s principal activities consist of developing the Havieron gold-copper project and exploring and evaluating mineral tenements in Australia.

In the financial year 2024 (FY24), Greatland Gold saw a notable improvement in its financial position. Cash reserves increased by 689.4% YoY, from GBP 31.10 million in FY23 to GBP 245.50 million in FY24, largely due to the successful USD 334 million (~GBP 255.3 million) equity raise. This strengthened the company’s financial flexibility, allowing for the funding of the Havieron-Telfer acquisition and future operations.

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