AIM-quoted Greatland Gold (GGP:AIM) has seen its shares gain a healthy 53% year-to-date as the mining firm rides the coat-tails of the record gold price and completes two transformational deals in Australia.

The precious metal hit $3,000 per ounce for the first time on 14 March due to central bank purchases, sticky inflation and large shipments to the US ahead of president Donald Trump’s imposition of tariffs.

Meanwhile, Greatland said earlier this month it had secured 100% ownership of the Havieron gold-copper project – the second largest gold-copper development in Australia – and full control of gold-copper mine Telfer in a landmark deal with US mining company Newmont (NEM:NYSE).

Greatland’s managing director Shaun Day said the company had made a strong start to production in December helped by very substantial mined stockpiles at surface, Telfer mine-life extension targets and the future development of Havieron.

Analysts at Canaccord Genuity were upbeat about the firm’s latest trading statement, saying ‘the continued cash generation from concentrate sales are a positive sign.’ 

The company is targeting an ASX (Australian Securities Exchange) dual listing in the second quarter of this year which it hopes will expand its investor base and increase liquidity.

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