Greatland Gold, European Green Transition, Caledonia Mining, Oriole Resources, Mosman Oil and Gas - Resources Sector Weekly Roundup
Last updated: 03:15 19 Apr 2025 EDT, First published: 03:05 19 Apr 2025 EDT
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) pulled in A$253 million in free cash flow last quarter and produced over 90,000 ounces of gold equivalent. CEO Shaun Day says Telfer’s performing ahead of expectations, and the company’s planning a dual listing on the ASX by June.
European Green Transition PLC (AIM:EGT) still holds most of its £6.5 million IPO cash and is eyeing more distressed acquisitions. Newly-appointed non-executive chairman Cathal Friel says the goal is to bolt together good-value, revenue-generating assets into a high-return portfolio.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) posted record gold output at its Blanket Mine, helped by a refreshed and restructured operations team. It also sold its solar plant for $22.35 million but kept a long-term power supply deal in place.
Oriole Resources PLC (AIM:ORR) says new drilling at the Mbe project in Cameroon confirms multiple gold hits and supports open-pit potential. A maiden resource estimate is on the way later this year.
Mosman Oil and Gas Ltd (AIM:MSMN) found historic data showing helium at 2.7% at its Sagebrush-1 well in Colorado. CEO Andy Carroll says the gas mix and infrastructure could fast-track commercial production.
