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Greatland Gold (GGP) Share Price Continues Surge, Here’s Why…

Sam Boughedda trader
Updated 22 Mar 2021

Practice Stock Trading
Greatland Gold GGP Shares

Shares of Australian mining firm Greatland Gold, have continued their move higher after a delayed reaction to the news regarding its Havieron Mining Lease…

The company announced on Thursday morning that the Western Australian Department of Mines, Industry, Regulation and Safety (DMIRS) has granted its Mining Lease application for the Havieron gold-copper deposit.

Greatland stated that the lease covers a 12-block area that is subject to a Farm-in agreement between Greatland and Newcrest.

The agreement was signed back in March 2019 to explore and develop Greatland’s Havieron gold-copper deposit in Western Australia, with Newcrest having the right to earn up to a 70% interest

Greatland said that it expects to lodge a mining proposal with DMIRS for early works and construction immediately.

Greatland share price…

Greatland Gold/Source: TradingView

Yesterday saw the company’s share price gain 9.83% after a delayed reaction to the news. It has continued that rise today, currently trading at 19.96p per share, up another 5.04% at the time of this publication.

Its share price has risen a staggering 1011% for the year to date.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.