---
title: "Greatland Gold join the ASX 200 when it debuts on 24 June 2025"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-06-16T10:06:56+00:00"
modified: "2025-06-16T10:06:56+00:00"
date: 2025-06-16
canonical: "https://www.share-talk.com/greatland-gold-join-the-asx-200-when-it-debuts-on-24-june-2025/"
category: "ASX"
categories: ["ASX", "Mining"]
tags: ["Artemis Resources", "ASX listing", "Australia", "Australian markets", "AVR", "Bromus", "Cobalt", "COPPER", "electromagnetic", "Ernest", "ERNESTGILES", "Exploration", "Firetower", "GGP", "Gold", "gold mining", "Greatland Gold", "GUN", "Gunsynd", "Havieron", "investment opportunities", "Mining", "Newcrest", "Nickel", "Panorama", "Paterson", "Pilbara", "precious metals", "Scallywag", "Share Talk", "Shaun Day", "Telfer", "URANIUM", "Warrentinna"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/GGP.webp?fit=1200%2C800&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Greatland Gold join the ASX 200 when it debuts on 24 June 2025

**Published:** June 16, 2025
**Author:** sharetalk
**Categories:** ASX, Mining
**Tags:** Artemis Resources, ASX listing, Australia, Australian markets, AVR, Bromus, Cobalt, COPPER, electromagnetic, Ernest, ERNESTGILES, Exploration, Firetower, GGP, Gold, gold mining, Greatland Gold, GUN, Gunsynd, Havieron, investment opportunities, Mining, Newcrest, Nickel, Panorama, Paterson, Pilbara, precious metals, Scallywag, Share Talk, Shaun Day, Telfer, URANIUM, Warrentinna
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/06/GGP.webp?fit=1200%2C800&quality=80&ssl=1)

---

**Greatland Gold** has priced its [Australian initial public offering](https://www.share-talk.com/greatland-golds-477m-asx-ipo-becoming-oversubscribed-as-gold-prices-soar/) at the **top of its range**, securing a valuation of approximately **$490 million**, as strong investor demand saw the deal **oversubscribed**.

The IPO was priced at **$6.60 per share**, the upper limit of the pre-set range of **$6.40 to $6.60**—equivalent to **15.3p to 15.78p** in sterling terms. The final pricing translates to a market cap of between **$477 million and $490 million**.

As part of the offering, **Newmont** will sell **66.7 million shares**, while a further **$50 million will be raised in new capital**. Newmont had previously received a combination of cash and equity from Greatland in exchange for the **Telfer gold mine**.

The listing will also see **Greatland Gold join the ASX 200** when it debuts on **24 June**, the same day as **Virgin Australia’s** much-anticipated return to public markets. The IPO will mark one of the [most prominent entries on the ASX this year](https://www.share-talk.com/virgin-australias-685m-ipo-cleared-for-take-off-ahead-of-june-24-asx-listing/) amid a broader revival in Australian equity offerings.

Greatland’s shares will list at a **0.53x multiple of net asset value**, a discount to peers trading at around **0.8x**, further fuelling investor appetite.

The move into the ASX 200 follows a year of rapid transformation for the UK-listed company, which acquired **100% ownership of the Havieron gold project** and the **Telfer mine** from Newmont last year in a **$475 million deal**. Greatland had long held **pre-emptive rights** over the assets and was widely expected to secure the transaction—but how it would finance the acquisition was a key question, now answered.

**Telfer**, located in Western Australia’s **Paterson Province**, is the region’s largest copper and gold processing facility. The **Havieron processing site**, which lies just **45km away**, further consolidates Greatland’s strategic positioning in the area.

The IPO comes amid record-breaking gold prices, which have topped **$5,000 an ounce** this year, driven by persistent global economic and geopolitical uncertainty.

Greatland Gold’s current UK market capitalisation stands at **£2.29 billion ($4.79 billion)**. Upon listing in Australia, the company is expected to debut with a **market value north of $4 billion**.

The offering is being led by **Bank of America, Barrenjoey, and Canaccord Genuity**, with **Argonaut Securities** and **Sternship Advisers** acting as co-lead managers.

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