Latest news with #GreatlandGold
Yahoo
14-06-2025
- Business
- Yahoo
£10,000 invested in Greatland Gold shares 6 months ago is now worth…
An investment of £10,000 made six months ago in Greatland Gold (LSE:GGP) would now be worth around £22,200. The stock has surged 122% in that time, making it one of the hottest tickets in the UK market. This remarkable run comes as gold prices hit record highs and as the mining firm transforms from a speculative explorer into a bona fide producer. The catalyst for this rally was Greatland's December 2024 acquisition of the Telfer gold-copper mine and a 70% stake in the world-class Havieron project in Western Australia. Telfer, a producing mine with substantial stockpiles of ore, has immediately positioned Greatland as a mid-tier gold producer. It also means generating cash flow to fund Havieron's development. Havieron itself is a standout asset. It has 8.4m ounces of gold equivalent and some of the lowest projected all-in sustaining costs in the industry. By integrating Telfer's infrastructure, Greatland is aiming to de-risk Havieron and extend Telfer's mine life. This creates a dual-asset strategy that has caught the eye of both retail and institutional investors. Gold prices have played a major role in Greatland Gold's surge. They've risen over 37% year on year and hit all-time highs above $3,400 per ounce in early May 2025. Since January, gold has gained more than 17%, driven by several things including geopolitical tensions and a weaker US dollar. The numbers reflect this transformation. For 2025, Greatland is expected to swing to profitability, with a forecast price-to-earnings (P/E) ratio of 19.5. That's a dramatic improvement from recent years, when the P/E was deeply negative. Looking ahead, the P/E is expected to fall to 15.1 times in 2026 as earnings ramp up, before rising to 22.1 times in 2027. This may reflect a forecasting error rather than a downturn in earnings towards the end of the period. The price-to-book ratio is also coming down, forecast at 3.7 times for 2025 and 2.9 times for 2026. That's below sector averages. Importantly, Greatland's financial position is strong, according to the analysts. Net debt is forecast to swing to a net cash position of £247m by June 2025, rising to £377m in 2026, thanks to Telfer's cash flow and a carefully managed debt facility. This gives the company breathing room to fund Havieron's capital-intensive development without the risk of near-term liquidity crunches. Of course, risks remain. The share price is now well ahead of some analysts' targets, and the valuation assumes flawless execution at Havieron. Production at Havieron isn't expected until H2 of 2026, and gold prices could change a lot before then. Personally, it's not the type of investment I go for. This is purely because I think there are so many moving parts when investing in mining stocks, and honestly I don't believe I understand it perfectly. Nevertheless, I appreciate that the potential rewards are clear. At steady-state, Havieron could generate 258,000 gold-equivalent ounces annually for two decades, while Telfer's life could be extended through further exploration. The post £10,000 invested in Greatland Gold shares 6 months ago is now worth… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Motley Fool UK 2025 Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
3 UK Stocks Estimated To Be Trading Up To 46.9% Below Intrinsic Value
Amidst a challenging environment for the UK market, with the FTSE 100 and FTSE 250 indices experiencing declines due to weak trade data from China, investors are keenly searching for opportunities that may be undervalued. In such conditions, identifying stocks trading below their intrinsic value can offer potential advantages by focusing on companies with strong fundamentals that are temporarily overlooked by the broader market. Name Current Price Fair Value (Est) Discount (Est) Vistry Group (LSE:VTY) £6.54 £11.88 44.9% Victrex (LSE:VCT) £8.07 £15.59 48.3% Van Elle Holdings (AIM:VANL) £0.385 £0.69 44.2% LSL Property Services (LSE:LSL) £2.99 £5.63 46.8% Informa (LSE:INF) £8.006 £14.50 44.8% Huddled Group (AIM:HUD) £0.0325 £0.06 45.6% Greatland Gold (AIM:GGP) £0.157 £0.3 46.9% Gooch & Housego (AIM:GHH) £5.94 £11.04 46.2% GlobalData (AIM:DATA) £1.725 £3.09 44.2% Entain (LSE:ENT) £7.538 £13.66 44.8% Click here to see the full list of 55 stocks from our Undervalued UK Stocks Based On Cash Flows screener. Here we highlight a subset of our preferred stocks from the screener. Overview: Greatland Gold plc, along with its subsidiaries, is engaged in the exploration and development of precious and base metals in Australia, with a market cap of £2.08 billion. Operations: Greatland Gold plc focuses on the exploration and development of precious and base metals in Australia, but currently does not report any revenue segments. Estimated Discount To Fair Value: 46.9% Greatland Gold is trading significantly below its estimated fair value, presenting an opportunity for investors focused on cash flow valuation. Despite recent shareholder dilution, the company's revenue and earnings are forecast to grow substantially faster than the UK market. The upcoming Australian Securities Exchange cross-listing could enhance its financial flexibility and investor base. However, potential investors should consider the impact of large one-off items on earnings quality and a historically volatile share price. Our comprehensive growth report raises the possibility that Greatland Gold is poised for substantial financial growth. Click here to discover the nuances of Greatland Gold with our detailed financial health report. Overview: Genus plc is an animal genetics company with operations across North America, Latin America, the United Kingdom, Europe, the Middle East, Russia, Africa, and Asia, and it has a market cap of approximately £1.30 billion. Operations: Genus generates revenue from its Genus ABS segment, including operations in Asia, amounting to £311.10 million, and its Genus PIC segment, also inclusive of Asia, totaling £358 million. Estimated Discount To Fair Value: 13.8% Genus is trading at £19.76, below its estimated fair value of £22.92, suggesting it may be undervalued based on cash flows. The company's revenue is expected to grow faster than the UK market, with earnings projected to increase by 46.67% annually over the next three years as it moves toward profitability. Recent FDA approval for PRP gene edit in the U.S., alongside ongoing international regulatory progress, enhances Genus's growth prospects and potential market expansion opportunities. The growth report we've compiled suggests that Genus' future prospects could be on the up. Dive into the specifics of Genus here with our thorough financial health report. Overview: Vistry Group PLC, with a market cap of £2.13 billion, provides housing solutions in the United Kingdom through its subsidiaries. Operations: The company's revenue is primarily generated from its Home Builders segment, which focuses on residential and commercial projects, amounting to £3.78 billion. Estimated Discount To Fair Value: 44.9% Vistry Group, trading at £6.54, is significantly undervalued with a fair value estimate of £11.88. The company's earnings are expected to grow by 32.9% annually, outpacing the UK market's growth rate of 14.4%. Despite a decrease in net income from £215 million to £74.5 million last year, Vistry's forward order book remains robust at £4.6 billion, indicating strong future cash flows and potential for recovery in profit margins currently at 2%. According our earnings growth report, there's an indication that Vistry Group might be ready to expand. Get an in-depth perspective on Vistry Group's balance sheet by reading our health report here. Unlock our comprehensive list of 55 Undervalued UK Stocks Based On Cash Flows by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:GGP LSE:GNS and LSE:VTY. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. 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News.com.au
10-06-2025
- Business
- News.com.au
Paterson Province remains underexplored despite its gold and copper riches
Paterson Province is a highly prospective region with big endowments of gold and copper Antipa Minerals has defined a significant resource at its Minyari Dome project and plans a standalone development Greatland Gold is looking to provide toll treatment services at its Telfer processing plant The Paterson Province covers around 30,000km2 to the east of the Hamersley Basin and southwest of the Canning Basin is one of the great mineral provinces in Australia, hosting some truly significant tier one projects such as Telfer and Nifty. Telfer in particular has been a real drawcard with a stupendous pre-mining inventory of 32Moz of gold, a million tonnes of copper and about 25Moz of silver. However, the region's quirks – including a relatively thick layer of cover in many parts – meant that other than Telfer and Nifty, which were discovered between 1972 and 1985 due to outcropping mineralisation, it remained largely neglected since the mid 1980s. Antipa Minerals (ASX:AZY) managing director Roger Mason told Stockhead the company started pegging ground in the region after realising that geophysical and geochemical surface exploration techniques had come a long way since the mid-80s. 'For example, electrical, geophysical survey techniques that they were using in the mid 80s would have been 1970s technology,' he noted. 'So there was an opportunity in the region to apply state of the art geophysical and surface geochemical techniques to see through the cover to discover new ore bodies. And basically that's what happened.' This is clearly highlighted by the discovery of 20Moz of gold, nearly 4Mt of copper and about 60Moz of silver in the last eight years or so under cover as shallow as 10m and up to 430m at the major Havieron project. Mason believes this trend will continue as the Paterson is a very immature province from an exploration perspective, saying that material re-invigoration of exploration has only occurred in the last decade or so. 'The giant deposits will continue to be discovered and then a number of smaller multi-million ounce, but tier two and tier three discoveries will be made over the next several decades,' he added. First mover advantage Antipa itself has benefitted from being one of the first companies to seize on opportunities in the Paterson Province while it was still relatively unloved. Mason said this allowed the company to put together ground in the shallowly covered part of the province. This is important as there are significant parts that are under very deep cover that makes it challenging to explore and develop mines. Its landholding of 4100km2 has proven rich enough for its work to culminate in a recently updated resource of 2.5Moz of gold equivalent – including 84,000t copper, 666,000oz silver and 13,000t cobalt – at its flagship Minyari Dome project. 'It's a significant resource. We had a scoping study out on the previous resource last October which showed very positive economics for a plus 10-year project mining one and a half million ounces of gold and producing 130,000ozpa for the first 10 years of project life,' Mason said. 'The economics were very strong for that project despite using a gold price of A$3000/oz for that study as the base case and it had an NPV at a 7% discount of over $830m pre-tax. 'It was a very positive outcome and so the Antipa board is moving forward with a pre-feasibility study.' The resource is also significant enough that the company is planning a standalone development for Minyari Dome. While the company will have to work through the usual permitting process in terms of environmental and Native Title considerations and stakeholders, it doesn't other have any particular hurdles towards going standalone in the region. Minyari Dome benefits from roads in the area, a gas pipeline running adjacent to the west and a BP-led joint venture building a significant green energy plant near Winu. Mason adds the company is pushing ahead with a very aggressive and multi-pronged strategy which is to complete the PFS and de-risk the Minyari standalone development opportunity. 'Currently, we've got four rigs in the area. We're drilling to expand the existing mineral resource, which will potentially expand the development life,' he said. 'We have an aggressive discovery-focused program in play as well, testing a range of priority gold targets. 'We've got three strings to the strategy bow, all of which are being sort of simultaneously progressed, and we're fully funded to complete all of those programs.' Not music to all ears While Antipa's plans to pursue a standalone development for Minyari Dome certainly make sense for a project of its scale, it does take away one of the potential planks that UK-based Greatland Gold might have been hoping to build its toll treating plans on. Greatland had acquired Newmont's assets in the region – namely the Telfer gold-copper miner and related assets – for US$475m in December 2024, giving it control over Australia's third largest gold-copper processing facility. This has the capacity to process between 20 million and 22 million tonnes of material though the UK producer has flagged that it is planning to use just part of this capacity and has promoted the potential for Telfer to be a processing hub using a hub and spoke strategy. While the removal of Minyari Dome from consideration does put some doubt into the viability of this plan, there are other junior companies operating in the region that might be amendable to a toll treatment strategy. One company is Encounter Resources (ASX:ENR), which regained full control of its Yeneena copper project in late May 2025 after IGO (ASX:IGO) withdrew from their joint venture. Yeneena is a large-scale copper-cobalt project covering +1450km2 of ground in the Paterson Province about 60km southwest of Telfer. It benefitted from some $15m in exploration expenditure – including diamond and aircore drilling, and regional-scale geological, geochemical and geophysical surveys from IGO over the six-year farm-in that generated an extensive dataset. The company plans to assess this dataset to refine and prioritise the next phase of exploration, which could include the potential for depth extensions to the BM1 high-grade copper oxide discovery and testing the large copper leakage anomaly identified at BM5. Previous drilling at BM1 had returned assays such as 20m grading 2% copper from a down-hole depth of 22m, 10m at 6.8% copper from 32m, and 18m at 3.2% copper from 32m. St George Mining (ASX:SGQ) also holds ground in the Paterson Province with its project covering more than 35km of prospective stratigraphy, with potential similarities to the stratigraphy that hosts the mineralisation at Winu, Nifty and Telfer. Drilling by the company has confirmed the presence of chalcopyrite and metasediments, the lithology known to host base metal mineralisation in the Paterson region.
News.com.au
04-06-2025
- Business
- News.com.au
Return of the IPO market good news for miners
IPOs have ground to a halt, with no mining listings on the ASX through May But a wave of new explorers and producers are about to hit the bourse Delta Lithium's gold spinout Ballard Mining and Telfer owner Greatland Gold among the high profile names While markets have been volatile in the past few months, a positive sign for the mining market is a pick-up in initial public offerings. Lion Selection Group (ASX:LSX) managing director Hedley Widdup recently pointed out that IPOs were one of the best barometers of the mining cycle because they reliably tracked liquidity. 'When liquidity is poor, it is very hard to achieve an IPO of an exploration company, and likewise when liquidity is freely flowing, investors gobble these up,' he said in Lion's recent quarterly report. In the peak of the market, in 2021, there were 105 mining IPOs. That fell to 64 in 2022, 25 in 2023 and 15 in 2024. There have technically been none yet this year. Canada's Marimaca Copper dual listed on the ASX earlier this year but as it did not raise funds, not a single share has traded in the two months since its debut. Southern Cross Gold Consolidated re-listed on the ASX with a new code after merging with Canada's Mawson Gold. 'In 2025 so far, there have been zero IPOs of resources companies that raised new money to achieve a brand-new listing, which is a litmus test that shows liquidity conditions generally remain subdued,' Widdup said. Test starts today Today, the ASX will welcome its first proper resources IPO this year when Robex Resources debuts. Robex is based in Perth but listed in Toronto and managing director Matt Wilcox recently said poor liquidity on the TSX was behind the move to Australia. The Jim Askew-chaired company, which operates a small mine in Mali and is developing the larger Kiniero mine in Guinea, raised $120 million in its IPO. Meanwhile, new Telfer owner, London-listed Greatland Gold, is pushing ahead with its ASX cross listing which is expected to raise $50 million. Robert Friedland's Ivanhoe Atlantic, developer of the Nimba iron ore project in Guinea, is expected to launch an Australian IPO shortly. CEO Bronwyn Barnes, who also chairs ASX-listed explorer Indiana Resources (ASX:IDA), said Australia was the right place to list Ivanhoe. 'When you're talking about the market that understands iron ore, Australia is a perfect market for this company and for this product, and it also has a very strong familiarity of African projects,' she told the recent AFR Mining Summit. 'But a little bit more broadly than that, at Ivanhoe Atlantic, we've got a bit of a bigger vision about what we'd like to do, not only with the Nimba project, but other projects that we're interested in acquiring. 'And I think being present on the ASX platform gives us opportunities to either acquire or partner with other existing assets or companies on the development of other assets.' AIM-listed Ariana Resources and Toronto-listed Orezone Gold are also progressing Australian dual listings. Right time for Delta Last month, Delta Lithium (ASX:DLI) announced it would spin out its Mt Ida gold project in Western Australia's Goldfields into new company Ballard Mining. Mt Ida has a resource of 10.3 million tonnes at 3.33 grams per tonne gold for 1.1 million ounces of gold. Delta managing director James Croser told Stockhead the company had focused on getting the Mt Ida gold project to a point where it could support a listing, which would allow Delta to countercyclically focus on its lithium projects. 'The gold market timing has lined up nicely as well, and it just seems like the best time for us to set it free,' he said. On Friday, Ballard lodged a prospectus for a $25-30 million IPO, led by Bell Potter Securities and Argonaut. 'The quantum of the raise was a much-discussed number,' Croser said. 'We felt we probably could have got some more, and the market would have delivered on that … the valuation we've put on those 1.1 million ounces that exist there, they're really compelling metrics, and the market will see that, and it has seen that, and a lot of the feedback we've got is that it is extremely well priced. 'That was by design, because you've got to leave something on the table for the new money to enjoy an uplift and you really want to establish that momentum early on in the life of a listing, and we think it's going to run pretty hard and be very successful, and I can't wait to see it happen.' Delta will retain a 46-49% stake in Ballard, depending on the final amount raised. Croser will sit on the board, which also features former De Grey Mining chairman Simon Lill, while Delta chief development officer Paul Brennan will resign to become managing director of Ballard. Former Ramelius Resources (ASX:RMS) and Wildcat Resources (ASX:WC8) chief financial officer Tim Manners will be Ballard's finance director, while Gold Fields' former Australian boss Stuart Mathews will be a non-executive director. Juniors awakening Ballard, which is aiming to hit the board in mid-July, isn't the only explorer on the way to the ASX. Bauxite developer VBX is scheduled to list on the ASX next week after launching a $10 million IPO last month. The company is planning to use the funds to complete a definitive feasibility study on its Wuudagu bauxite project in WA's Kimberley region, which has a resource of 95.9Mt and a reserve of 59.3Mt. VBX also holds the earlier stage Takapinga bauxite project in the Northern Territory. Last week, LinQ Minerals lodged a prospectus for an IPO to raise $7.5-10 million. LinQ is chaired by Clive Donner, a former investment banker and founder of mining private equity fund LinQ Group. The company owns the Gilmore copper-gold project, south of Evolution Mining's Cowal mine in New South Wales. Gilmore has a resource of 1.2 million ounces of gold and 120,000 tonnes of copper. LinQ is aiming to close the IPO on June 20 and list on July 4.
AU Financial Review
02-06-2025
- Business
- AU Financial Review
‘IPO window definitely open' says CEO who secured a $250m listing
It's initial public offering time of year and, for a change, there's a bit to write about. After a few dull years, airline Virgin Australia, over-50s resort builder GemLife and gold miner Greatland Gold and their bankers are all out rustling up fund manager interest this week in what we'd say was the busiest week for Australian IPOs and IPO roadshows in the past four years.
