Greatland Slides in Sydney as Gold Drop Hits Havieron
Greatland shares fell 5.4% to A$12.45 on the ASX Tuesday, tracking a 4% drop in gold stocks as bullion prices weakened amid renewed U.S. rate hike concerns. The stock is down 8.8% over the past week and sits 18% below its 52-week high. Greatland recently secured a $500 million debt deal and final board approval for the Havieron gold-copper project. Facility B financing is expected to close later in June.