STOCK WATCH

AIM-listed miner Greatland Gold has inked a £50m deal with Australia’s biggest gold producer, Newcrest, sending shares up more than 20pc.

The agreement will see Greatland’s gold and copper site in Western Australia explored and developed by Newcrest over six years.

Newcrest will have the right to acquire up to a 70pc interest in the site, and intends to process ore at one of its plants nearby. Shares in Greatland closed up 24.8pc, or 0.46p, at 2.29p yesterday.