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.
Summary not available.
SolGold announced final assay results for drill hole one (PDH-20-001) at the Porvenir Project. The results revealed 899.3m @ 0.53% CuEq (0.40% Cu, 0.18g/t Au) from 10m, with significant mineralization indicating potential for further exploration. The hole ended in chalcopyrite and molybdenum mineralization, remaining open at depth. Ongoing drilling includes PDH-20-003 and PDH-20-004, which intersected visible chalcopyrite mineralization. The project is part of SolGold's broader strategy to explore its extensive portfolio in Ecuador.
SolGold Provides Update on Porvenir Project
On December 3, 2020, SolGold announced assay results for the first two drill holes at the Porvenir Project in Ecuador, revealing substantial mineralization. Drill hole PDH-20-001 showed 748m at 0.59% CuEq, while PDH-20-002 showed 500m at 0.51% CuEq. Currently, three drilling rigs are active, including PDH-20-003 and new rigs for further exploration. Assay results for depths beyond the initial measurements are pending, bolstering optimism about the project's mineral potential.
SolGold has provided an update on its Pre-Feasibility Study (PFS) for the Alpala Project in northern Ecuador. The completion has faced delays due to COVID-19 restrictions affecting access to the site and laboratories. Redesigns of underground infrastructure and mine schedules are underway, with preliminary financial modeling expected in December 2020. An updated PFS will include additional optimization efforts, focusing on metallurgy, seismicity studies, and sustainability improvements. A review by the newly formed Alpala Project Committee is set for completion by January 2021.
SolGold has formed the Alpala Project Committee to enhance development strategies for the Alpala Copper-Gold-Silver Project. The committee, including three board members and senior executives, aims to monitor risks, ensure compliance with project commitments, and facilitate decision-making for project advancement. Monthly meetings will track significant changes in risk. This initiative harnesses the expertise of experienced directors to support the project's transition to development. SolGold's ongoing exploration efforts in Ecuador further emphasize its commitment to becoming a leader in copper and gold mining.
SolGold Announces CFO Transition
SolGold has announced the resignation of Chief Financial Officer Priy Jayasuriya, effective immediately, and appointed Ingo Hofmaier as Interim CFO. Hofmaier has 20 years of corporate finance experience and previously served as Executive General Manager at SolGold since September 2019. The company is currently engaged in an executive search for a permanent CFO while maintaining operations. SolGold remains committed to delivering value and engaging in responsible exploration in Ecuador, leveraging its significant resources in the region.
The Board of SolGold reports promising results from the first drill hole at the Porvenir Project in Ecuador. The initial assays reveal 570m at 0.69% CuEq (0.49% Cu, 0.27 g/t Au) from depths of 10m to 580m, with results from 580m to 909.3m pending. Notably, higher-grade intervals were identified, including 188m at 0.73% CuEq and 106m at 0.86% CuEq. These findings suggest a large, mineralized porphyry copper-gold system at Cacharposa, enhancing the project's potential.
SolGold has reported significant progress at its Porvenir Project, specifically at the Cacharposa site. The second drill hole, PDH-20-002, has intersected 658m of visual chalcopyrite mineralisation from a depth of 15.5m, showcasing strong mineralisation potential. This follows the first hole, PDH-20-001, which revealed 893.4m of visual chalcopyrite mineralisation. The company is mobilising additional drill rigs to accelerate exploration, targeting a total of 50,000m of drilling. However, visual estimates remain preliminary, and assay results are awaited for further verification.
SolGold has announced the appointment of new Independent Non-Executive Directors to enhance its board as it transitions into an explorer-developer. The new board members include Kevin O'Kane, Maria Amparo Alban, and Keith Marshall, each bringing extensive experience in mining and sustainability. This move follows a corporate governance enhancement initiative aimed at compliance with the UK Corporate Governance Code. The appointments are expected to improve the company's capabilities in mine development, particularly for the Alpala Project in Ecuador.
SolGold has announced significant progress at its Porvenir Project in Ecuador. The second drill hole, PDH-20-002, has intersected 258.2m of visible chalcopyrite mineralisation starting from 15.5m depth. This follows the promising results from PDH-20-001, which showed 893.4m of mineralisation. Both holes target a potentially large porphyry copper-gold system, with plans for a revised 50,000m drilling program. Visual estimates are highly encouraging, but the company cautions that the mineralisation has not yet been assayed, making further evaluation necessary.
FAQ
What is the current stock price of Solgold (SLGGF)?
What is the market cap of Solgold (SLGGF)?
