Getchell Gold Corp (GGA) began trading August 3rd on the Frankfurt Stock Exchange under the symbol GGA1.
The gold miner is the first Canadian firm to list on the Frankfurt Stock Exchange. GGA’s listing marks an important milestone for the firm as it gains exposure to the European capital markets and gives the company a platform to access a vast and growing network of investors across Europe.
GGA President and CEO Arthur Millholland expressed his excitement about the company’s listing, stating “With GGA’s listing on the Frankfurt Stock Exchange, we are now well positioned to create significant value for our shareholders by increasing GGA’s brand recognition to European markets. It’s an exciting time for the company.”
The company has a portfolio of gold exploration properties in various parts of Canada, the United States and Mexico. The company’s current activity is in the Nye County and Pershing County regions of Nevada. GGA is focused on becoming a mid-tier gold producer and expects to become cash flow positive in the near future.
The Frankfurt Stock Exchange is the largest of the seven German securities exchanges, as well as the largest in Continental Europe. It is home to nearly 3,000 listed companies, with more than half of the listings representing companies based overseas. As one of the leading exchanges for foreign companies, it provides access to a wide range of capital raising opportunities.
By listing on the Frankfurt Stock Exchange, GGA hopes to benefit from increased liquidity and trading activity, as well as attract a larger and more diverse investor base. The company also plans to launch a secondary listing on the Toronto Stock Exchange in the near future.
The business climate in Europe is particularly attractive to gold miners, with the region displaying strong performance in recent years. The Frankfurt Stock Exchange has a long history of supporting gold companies and has provided attractive financing alternatives for miners around the world.
GGA’s success in accessing European capital markets is indicative of its promising potential. As the company continues to explore opportunities to further grow their activities, investors will be sure to watch with anticipation.