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.
SolGold has announced significant findings from its Porvenir project in Ecuador, with drill hole 19 returning one of the best intersections yet: 722m @ 0.66% copper equivalent (CuEq) from surface. Other notable intersections include 124m @ 0.76% CuEq and 140m @ 0.47% CuEq. The ongoing exploration at Porvenir aims to establish a maiden Mineral Resource Estimate for the Cacharposa deposit, expected later this month, while three drill rigs continue to explore surrounding targets.
SolGold has provided a drilling update for its Tandayama-América (TAM) porphyry copper-gold deposit at the Cascabel project in Ecuador. The maiden Mineral Resource Estimate (MRE) indicates 233Mt @ 0.33% CuEq with 0.53Mt Cu and 1.20Moz Au in the Indicated category, and 197Mt @ 0.39% CuEq in the Inferred category. Approximately 26,000m of diamond drilling from 33 holes has been completed, enhancing resource potential. Significant assay results from recent drilling, particularly from holes 19-24, indicate further mineralization growth. The project aims to develop into a substantial copper-gold asset.
On December 1, 2021, SolGold PLC announced a regulatory notification from BlackRock, Inc. regarding a significant change in its voting rights holdings. As of November 30, 2021, BlackRock's voting rights fell below 5%, compared to a previous position of 5.000000%. This shift indicates a decrease in BlackRock's influence over SolGold's decision-making processes. The notification is part of standard reporting requirements for changes in major holdings.
SolGold reports promising drilling results from the Rio Amarillo project in Ecuador. Partial assays from hole 1, reaching a depth of 1,052m, show 72m @ 2.16 g/t Au, including 24m @ 5.77 g/t Au. Additionally, visible gold was identified at 1,216m. Assays from depths beyond 1,052m, totaling up to 1,708.1m, are pending. The company is also drilling hole 2, located 300m NE of hole 1, which is currently at 430m. The Rio Amarillo project could be linked to potentially large-scale copper-gold deposits similar to those at the Alpala site.
SolGold has signed a preliminary commitment declaration for an Exploration Investment Protection Agreement (IPA) related to its Cascabel project in Ecuador. This agreement, aimed at securing approximately US$430 million in investments over 10 years, includes both past and future funding. It was agreed upon by Ecuador's President and SolGold representatives, providing legal security and tax stability for 15 years. The IPA is crucial for enhancing investor confidence and aims to generate job opportunities while ensuring protections against confiscation and discrimination.
SolGold announced a delay in the release of the Pre-Feasibility Study (PFS) for its Cascabel project in Ecuador, following the appointment of new CEO Darryl Cuzzubbo, effective December 1, 2021. The delay will allow for the evaluation of various assumptions affecting the PFS, including potential upside options such as earlier underground access and mine optimizations. The company expects the well-advanced PFS to reinforce its expectations of a robust project value. Further updates on the PFS completion will be shared at the upcoming AGM on December 15, 2021.
SolGold will hold its Annual General Meeting (AGM) on December 15, 2021, at 9:00 PM Brisbane time (11:00 AM London time, 6:00 AM Toronto time) at HopgoodGanim Lawyers in Brisbane, Australia. Shareholders can attend virtually via an online terminal. Relevant documents, including the AGM notice and 2021 Annual Report, are available on SEDAR and the SolGold website. The company remains committed to exploring and developing world-class copper and gold deposits in Ecuador, focusing on sustainability and community engagement.
SolGold has appointed Darryl Cuzzubbo as the new CEO and Managing Director, effective December 1, 2021, following an extensive search. Cuzzubbo brings significant experience from his previous roles at Orica and BHP, where he led operations across 30 countries. The Chairman, Liam Twigger, expressed confidence in Cuzzubbo's ability to lead the company amid increasing copper demand for net-zero transitions. The company aims to unlock its significant potential at the Cascabel deposit in Ecuador, while also thanking Keith Marshall for his interim leadership.
SolGold PLC has appointed PricewaterhouseCoopers LLP as its new auditor, effective November 11, 2021, after a tender process aligned with UK corporate governance. The company expressed gratitude to BDO LLP, its auditor since 2013, for their services. This change signifies the company's commitment to maintaining strong governance practices. SolGold, a company focused on exploring copper and gold deposits in Ecuador, aims to enhance transparency and efficiency in its operations.
The Board of SolGold is pleased to announce an independently verified update on the Mineral Resource Estimate for the Tandayama-América (TAM) copper-gold deposit at the Cascabel project in Ecuador. The TAM deposit has a total Mineral Resource of 233.0Mt at 0.33% CuEq in the Indicated category, and 197.0Mt at 0.39% CuEq in the Inferred category. The ongoing drilling continues to reveal potential for resource growth, particularly in southeastern areas. The results are crucial for the future economic viability of the mining project.