Welcome to our dedicated page for Solgold news (Ticker: SLGGF), a resource for investors and traders seeking the latest updates and insights on Solgold stock.
SolGold plc (OTC: SLGGF) generates frequent news flow related to its copper and gold exploration and development activities, corporate funding, and governance. The company’s releases emphasise its focus on the Cascabel copper-gold project, the Porvenir Project and associated exploration targets, as well as the legal, fiscal and community frameworks that support these assets.
Investors following SolGold news can expect regular updates on technical studies and project milestones. The company has reported a staged development plan and Pre-Feasibility Study for Cascabel, the appointment of G-Mining Services as project manager for the Feasibility Study, and work on options to bring forward production through open-pit and sub-level caving concepts around Cascabel, including a targeted drilling program at the Tandayama deposit.
SolGold also issues detailed announcements on permitting and regulatory progress. Recent news includes the execution of an Amended Investment Protection Agreement with the Government of Ecuador for Cascabel, aimed at providing long-term legal and fiscal certainty, and the grant of an Environmental Licence for the advanced exploration phase at the Porvenir Project after an Environmental Impact Study and public consultation. These items are central for readers tracking the regulatory status of the company’s projects.
Another recurring theme in SolGold’s news is financing and strategic investment. The company has disclosed a gold stream funding agreement with Franco-Nevada and Osisko Royalties, and a share sale by its subsidiary SolGold Canada Inc. to Jiangxi Copper (Hong Kong) Investment Company Limited at a premium to market price, which SolGold states will strengthen its balance sheet and support project advancement. Corporate updates also cover governance changes, such as board appointments and the designation of a Senior Independent Director, as well as director share dealings and executive option grants.
For investors and observers, the SLGGF news feed on Stock Titan offers a consolidated view of these developments, from exploration and economic assessments to funding structures and governance initiatives. Regularly reviewing this page helps readers track how SolGold’s technical, regulatory and financial decisions evolve over time.
The Board of Directors of SolGold has announced the immediate resignation of Executive Director Jason Ward. He will transition his responsibilities in Ecuador to a new Head of Ecuador while retaining his role as Head of Exploration and community relations. The Board acknowledges Mr. Ward's significant contributions to the company, particularly in advancing the Cascabel project and other exploration efforts in Ecuador. SolGold continues to focus on developing its portfolio of copper and gold deposits, leveraging Mr. Ward's expertise as it progresses its strategic objectives.
SolGold announced the filing of its Quarterly Financials and Management Discussion and Analysis for the period ending 31 March 2022. The reports are available on their website. The company, focused on copper-gold exploration, primarily in Ecuador, aims to develop world-class deposits, notably the Cascabel project. SolGold holds an 85% interest in Exploraciones Novomining S.A. and approximately 5.60% of Cornerstone Capital Resources Inc., the remaining interest holder in the Cascabel concession.
SolGold announced the appointment of Ayten Saridas as the new Group Chief Financial Officer effective June 27. Saridas brings over 30 years of international corporate finance experience, including her previous role as Group CFO at Coronado Global Resources. Her expertise includes capital raising, financial reporting, and M&A. Managing Director Darryl Cuzzubbo expressed confidence in her leadership to assist SolGold in achieving its growth plans. Ingo Hofmaier will continue as interim CFO until Saridas assumes the role.
SolGold has released a positive Pre-Feasibility Study (PFS) for its Cascabel project, indicating strong potential as a large, low-cost copper-gold mine in Ecuador. The study estimates a US$5.2 billion pre-tax Net Present Value and a 25.3% Internal Rate of Return, with annual after-tax free cash flow averaging US$740 million. The project is projected to produce significant quantities of copper, gold, and silver, benefiting from favorable infrastructure and a supportive government. The mine could create over 6,000 jobs and generate substantial tax revenue.
SolGold plc has announced a drilling update for its Tandayama-América (TAM) copper-gold deposit located at the Cascabel project in Ecuador. The TAM deposit, situated 3km from the Alpala deposit, currently has a Mineral Resource Estimate (MRE) of 233Mt at 0.33% CuEq. Recent drilling results have shown potential for resource growth, with significant intersections including 769.9m at 0.32% CuEq from Hole 26. Drilling continues with Hole 41 underway, indicating ongoing mineralization. An updated MRE is also being prepared, reflecting positive advancements in the project's development.
SolGold has announced that it will release the Cascabel Pre-Feasibility Study (PFS) results on April 20, 2022, at 7 AM BST. The CEO Darryl Cuzzubbo will host a live presentation on the same day at 9:30 AM BST, with registration available for investors. This update underscores SolGold's commitment to providing transparency and delivering value to shareholders while exploring the Cascabel project in Ecuador, which is part of the highly mineral-rich Andean Copper Belt.
SolGold PLC has reported a change in major holdings as Norges Bank acquired voting rights on February 25, 2022. This acquisition includes 3.067% of voting rights attached to shares and 0.158% from financial instruments, totaling 3.224%. As of now, Norges Bank holds 73,948,696 voting rights in SolGold. This notification is part of transparency requirements, reflecting significant stakeholder engagement in the company.
SolGold has released its interim financial results for the half year ending December 31, 2021. The report highlights SolGold's commitment to exploration and development of copper and gold deposits in Ecuador, particularly at its key project, Alpala. The company operates with an 85% interest in ENSA, managing the Cascabel concession. Further details, including the Management Discussion and Analysis (MD&A), are accessible on the company’s website. SolGold aims to create value for shareholders while ensuring environmental and community benefits.
SolGold has filed an independent NI 43-101 Technical Report on the maiden Mineral Resource Estimate for the Cacharposa deposit at the Porvenir project in Southern Ecuador. The report reveals a Mineral Resource of 396.8Mt at 0.44% CuEq for 1.40 Mt Cu and 1.80 Moz Au in the Indicated category, and 96.9 Mt at 0.37% CuEq for 0.28 Mt Cu and 0.38 Moz Au in the Inferred category. The report complies with Canadian guidelines and indicates reasonable prospects for economic extraction.
SolGold has announced the results of its Annual General Meeting held on December 15, 2021, confirming all resolutions were passed via a poll. The meeting took place in Brisbane and virtually. Key votes include:
- All reports received 100% support.
- Directors' remuneration: 82.66% approval.
- Appointment of auditors: 99.71% approval.
Concerns arose from resolutions with over 20% votes against, prompting the Board to engage with shareholders.