Greatland Gold has revealed an impressive start to its operations at Telfer, with gold equivalent production exceeding expected monthly rates by approximately 33% in its first partial month of ownership.

The mining company, which completed the consolidation of 100% ownership of Telfer and Havieron in December, reported production of 29,864 ounces of gold and 1,189 tonnes of copper, equivalent to 33,882 ounces of gold, during just 27 days of ownership in December.

Operations commenced immediately upon completion of the acquisition, with dual train processing operations resuming on the first day. The company processed 1,466 thousand tonnes of ore during the period, with mining activities yielding 639 thousand tonnes from the West Dome Open Pit and 95 thousand tonnes from Telfer Underground.

“We are really pleased with the start we have made to our ownership of Telfer and Havieron,” Greatland Managing Director, Shaun Day.

“Transforming overnight from an explorer and developer to the owner and operator of Australia’s third largest gold-copper processing operation is a substantial achievement and a credit to the hard work and quality of our team.

“The successful production of 33,882 ounces gold equivalen¹ during Greatland’s ownership in December was an excellent achievement and is testament to our team’s ability to maintain operational discipline whilst in parallel advancing the integration process.”

Greatland is conducting a site-wide mine plan extension review to potentially extend Telfer’s current mine life.

While the December production results are encouraging, the company noted that the period was relatively short and benefited from higher-than-average mill grades compared to the Telfer mine plan.

A more comprehensive assessment of cost metrics, including All In Sustaining Cost (AISC), will be reported for the full March 2025 quarter, along with production and cost guidance for the remainder of FY2025.

Investors will also be pleased to hear that the work on the Havieron Feasibility Study is progressing as planned, with completion targeted for the second half of 2025.

Havieron is Greatland’s flagship asset and one of the most significant gold discoveries of recent times.

The FTSE 100 was trading broadly flat on Tuesday as investors digested the first executive orders by Donald Trump and attempted to gauge the course of action for the first 100 days of his presidency.

London’s leading index had started the day in positive territory and flirted with all-time intraday highs before the rally faded. The FTSE 100 was trading higher by just 2 points at the time of writing.

“Donald Trump is the master of unpredictability. Just as markets think they’ve sussed his next move, he either does something different or nothing at all,” said Russ Mould, investment director at AJ Bell. 

“It only took a few hours into the new presidential term for this situation to arise, hence markets have been up and down like a yo-yo as investors try to separate speculation from fact. 

“The big surprise was a lack of immediate action on trade tariffs as part of Trump’s initial list of executive orders. For someone who has talked repeatedly about wanting American companies to buy American goods and to deter foreign countries from profiting from the US, it was a surprise to see tariffs take a back seat as Trump put his new powers to use.”

The challenge for investors in the early days of Trump 2.0 is working out the extent to which he will deliver on his campaign rhetoric. The implementation of tariffs will have a deep impact on global trade, and there is an argument that markets have already priced tariffs into some markets. This could create an opportunity should Trump hold off on implementing the most damaging measures.

This uncertainty was reflected in UK markets, with roughly half of the FTSE 100 trading positive. Miners were among the losers, offsetting bank gains and some consumer-facing stocks.

Lloyds was the top riser after positive developments in the car finance litigation case investors fear could lead to substantial customer redress.

“The UK government’s backing in the motor finance case is a clear positive for Lloyds, the bank most exposed to the issue, with shares popping 5% as a result,” said Matt Britzman, senior equity analyst, Hargreaves Lansdown.

“By urging the Supreme Court to adopt a fair and measured approach, the Treasury is helping to ease fears of hefty penalties, potentially softening the financial blow for lenders. While Barclays has less exposure and NatWest none, the government’s bank-friendly stance should help lift confidence across the sector.”

BP and Shell were weaker as oil prices fell on reports Donald Trump intends to weaponize the oil price to attack Russia’s economy should they not conform to his demands to end the war in Ukraine.

Tekcapital portfolio company, Guident, has achieved a significant milestone in autonomous vehicle safety technology with the validation of a new European patent across 20 countries.

The patent provides protection for Guident’s innovative Remote Monitoring and Control Centre (RMCC) technology at the centre of its AV offering.

Tekcapital shares were 4% higher at the time of writing.

The newly validated patent covers an artificial intelligence-based system that enhances the safety of autonomous vehicles through advanced monitoring and control capabilities. At its core, the technology employs distributed sensor fusion and AI techniques to monitor multiple autonomous vehicles simultaneously, even those not directly under RMCC control.

Guident believes this breakthrough system can assess incident risk levels in real-time, implement necessary safety measures, and, when required, take control of vehicles operating at unsafe risk levels, returning control once safety is assured.

In a parallel development, Guident has also received a Notice of Allowance from the United States Patent and Trademark Office for a complementary technology.

This pending US patent, Application No. 17/579,203, focuses on near real-time data and video streaming systems for autonomous vehicles, robots, and drones. The technology enables remote monitoring devices to receive and process video and image data from various collection devices, including camera sensors, further enhancing operational safety. The company expects the US patent to be issued once the required fees are paid.

“We believe our successful validation of European Patent Grant No. 4097550 across 20 countries marks a significant milestone in advancing Guident’s mission to enhance the safety of autonomous vehicles through innovative AI and sensor fusion technology of our remote monitoring and control IP portfolio,” Harald Braun, Executive Chairman of Guident.

“Coupled with the anticipated forthcoming issuance of our U.S. Patent for near real-time data and video streaming systems, we believe we are setting new standards for the safety and reliability of autonomous vehicles, robots, and drones. These achievements exemplify Guident’s commitment to driving the future of smarter and safer mobility solutions.”

Rome Resources has announced laboratory results from its latest drilling campaign at the Mont Agoma tin prospect in the Democratic Republic of Congo’s North Kivu province. 

The results reveal substantial widths of tin mineralisation, but shares fell with tin grades underwhelming the market. Rome Resources shares were down 17% at the time of writing.

The first two completed diamond core drill holes have unveiled three distinct mineralisation zones, with combined widths of 38.4 metres in MADD016A and 32.1 metres in MADD017.

However, the drilling programme yielded questionable tin grades, with MADD016A returning intervals of 20.5 metres at 0.18% tin from 57.5 metres depth and 14.9 metres at 0.45% tin from 99 metres. 

For context, Cornish Metals encountered grades as high as 3.24% and 4.66% at its South Crofty mine in 2023. 

Copper and zinc were encountered by Rome at Mount Agoma, including 7.2 metres at 1.32% copper and a 31-metre section grading 4.02% zinc.

MADD017 demonstrated equally encouraging results, with multiple tin-bearing zones, including 8 metres at 0.49% tin from 154 metres depth. The hole also intersected exceptional zinc mineralisation, returning 25.35 metres at 13.97% zinc from 110.1 metres.

Investors seemed to have little interest in the copper and zinc mineralisation on Tuesday. 

The company draws parallels between Mont Agoma’s mineralisation pattern and the renowned San Rafael deposit in Peru, noting similar transitions from copper to tin mineralisation at depth. The project also shares characteristics with Alphamin’s Mpama South deposit, particularly in its zinc mineralisation patterns.

Rome Resourceswill advance its exploration programme throughout 2025, supported by recent funding secured through Stanvic Mining.

The company has already completed 1,657 metres of drilling across eight holes since the programme’s commencement in August 2024, with three holes currently ongoing.​​​​​​​​​​​​​​​​

“Following our successful £4.2 million fundraising with Stanvic Mining, we are in a strong position to continue drilling at the Mont Agoma and Kalayi prospects, particularly targeting deeper levels on both prospects where there are clear signposts that mineralisation increases at depth,” said Paul Barrett, Chief Executive Officer of Rome Resources.

Internal audit and business assurance specialist Adsure Services has announced its operating subsidiary TIAA Ltd has appointed Angela Ward as Director of Housing, bringing over 20 years of audit and consulting expertise to the firm.

In her new role, Ward will head TIAA’s social housing unit and spearhead the company’s expansion plans in the division. She will focus on developing innovative services for existing clients in the social housing sector and targeting new markets.

The appointment comes as part of Adsure Services’ broader growth strategy in the social housing market, which is set to benefit from the government’s support for the sector and a 1.5m homebuilding target.

“We’re delighted to welcome Angela to TIAA’s leadership team,” said Kevin Limn, CEO of Adsure Services.

“Her track record of delivering business assurance solutions to a range of clients will further strengthen our housing business unit. Angela’s appointment reflects our commitment to growth across all of TIAA’s industry groups and our focus on meeting our clients’ requirements.”

Adsure Services recently announced a 19% increase in revenue and 232% jump in EBITDA for the half-year to 30th September. Such was the strength in financial performance that Adsure hiked its interim dividend by 60% for the period.

Last week’s rally continued on Monday as with FTSE 100 on course to set a fresh all-time record closing high amid rising optimism around interest rates.

London’s leading index touched 8,533, matching Friday’s peak before easing back to trade at 8,514.

“The FTSE 100 has opened the week buoyed by positive winds and renewed investor enthusiasm. It is close to clinching a fresh intraday record,” said Susannah Streeter, head of money and markets, Hargreaves Lansdown.

“After reaching an all-time high on Friday there seems little to spark a pull-back, with US markets shut for Martin Luther King Day. However, all eyes will be on Donald Trump’s inauguration later as the 47^th President of the United States and his comments are likely to hold sway on markets.”

Reports suggest Trump has dozens of executive orders prepared for his first days of presidency. These orders will set the tone for his second term as US President and produce trading opportunities across a broad range of asset classes.

“Markets are eagerly awaiting Trump’s first batch of executive orders as this will provide clarity on the lay of the land. Immigration, energy and trade will be high up the list and, as always, the devil will be in the detail. Trump has had a lot to say on these issues but he also has a reputation of not always following what he’s promised to do to the letter,” said Russ Mould, investment director at AJ Bell.

“Markets want to know which countries and industry sectors will be targeted and the relevant tariff rates to price in any risks or opportunities to equities, currencies and bonds around the world.”

Cryptocurrency markets ushered Trump in with a fresh record high in Bitcoin. Trump has promised to bring crypto mainstream, making the asset class the biggest beneficiary of his victory to date.

In London, there was a wait-and-see feel to markets. The FTSE 100 carved out minor gains supported by banks and oil majors. UK-centric stocks enjoyed marginal gains as the good feeling around the UK after UK inflation data last week continued. Kingfisher and Rightmove rose on the hope that home purchases and DIY will pick up as 2025 develops.

Hedge fund Pershing Square was the top riser after increasing dividends by 13% for 2025.