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 ORD (SLGGF) is a leading resources company dedicated to the discovery, definition, and development of world-class copper and gold deposits. The company focuses on the efficient delivery of shareholder objectives, along with value creation and economic benefits for impacted communities. SolGold is committed to operating transparently and in line with international best practices while ensuring shareholder value and promoting social and environmental responsibility.
Recently, SolGold made significant progress with the signing of the Complementary Investment Protection Agreement for the Cascabel Project in Ecuador, representing the largest mining investment in the country's history. The agreement includes a commitment to invest $3.2 billion over subsequent years, highlighting the Company's dedication to the project and its partnership with the Ecuadorian government.
The signing of the Exploitation Contract for the Cascabel Project further solidifies SolGold's position, setting legal and financial terms for the project's development. This milestone underscores the company's commitment to sustainable growth, shared prosperity, and responsible mining in Ecuador. SolGold's extensive exploration efforts have led to the discovery of one of the world's largest copper-gold porphyry deposits, showcasing the project's potential to boost the Ecuadorian economy and drive regional development.
SolGold (LSE:SOLG)(TSX:SOLG) has announced the resolution of litigation proceedings with former CEO Darryl Cuzzubbo (Case QUD112/2023) through a settlement agreement. The company has withdrawn its previous allegations of serious misconduct against Mr. Cuzzubbo during his employment period. The settlement acknowledges that Mr. Cuzzubbo's operational vision for the company differed from the Board's perspective at the time of his termination. A settlement payment has been made to Mr. Cuzzubbo, with other terms remaining confidential.
SolGold PLC has announced the availability of its Q2 Financial Report and Management Discussion & Analysis (MD&A) for the quarter ended December 31, 2024. The company has filed these documents on SEDAR+ in Canada, as required by regulations.
Shareholders and interested investors can access these financial documents through the Investor Centre page on SolGold's website at www.solgold.com.au.
SolGold PLC held its Annual General Meeting on December 5, 2024, in Brisbane, Australia, where all resolutions were successfully passed via poll. The meeting included key votes on directors' remuneration, board elections, and financial matters. Notable results include:
- The financial statements and reports received 99.13% approval
- Directors' remuneration policy secured 97.81% support
- All board member elections/re-elections passed with over 72% approval
- PwC's reappointment as auditors received 99.20% support
- Authority to allot equity shares and pre-emption rights resolutions passed with approximately 76% approval
SolGold (LSE:SOLG)(TSX:SOLG)(OTC PINK:SLGGF) has issued an important update regarding the voting process for its upcoming Annual General Meeting (AGM) scheduled for December 5, 2024. Due to the ongoing Canada Post strike, shareholders are advised to vote online or via phone. The AGM will be held at Corrs Chambers Westgarth offices in Brisbane.
Shareholders can vote through Computershare's toll-free telephone number (1-866-732-8683) or online at www.investorvote.com using their Control Number. The proxy cut-off deadline is December 3, 2024, at 6:00 a.m. (Toronto time). Those who have already mailed their proxy forms can contact Computershare to confirm receipt.
SolGold PLC has achieved significant milestones in 2024 for its flagship Cascabel Copper-Gold Project. Key developments include signing an Exploitation Agreement with Ecuador's government and completing a Preliminary Feasibility Study (PFS) that demonstrated a $3.2bn NPV and 24% IRR over 28 years. The company secured a US$750 million streaming agreement with Franco-Nevada and Osisko Gold Royalties, including US$100m for project advancement. The PFS showed reduced initial capital requirements of US$1bn from previous plans. Additionally, exploration efforts identified a major porphyry target at El Cielito Norte, with high-grade gold results in channel samples.
SolGold has announced the availability of its Q1 2024 Financial Report and Management Discussion & Analysis (MD&A) for the period ended September 30, 2024. The financial documents have been filed on SEDAR+ in Canada and can be accessed through the Investor Centre section of the company's website at www.solgold.com.au.
SolGold announces its 2024 Annual General Meeting (AGM) scheduled for December 5, 2024. The meeting will be held at Corrs Chambers Westgarth in Brisbane, Australia at 9:00 p.m. local time (11:00 a.m. London time, 6:00 a.m. Toronto time). The company has made available the Notice of AGM, Information Circular, 2024 Annual Report and Accounts, and proposed new Articles of Association on SEDAR+ and the SolGold website. Registered shareholders will receive the Notice of AGM and Information Circular directly.
SolGold has initiated geotechnical investigations at the Cascabel Copper-Gold Project in northern Ecuador. The project's pre-feasibility study outlines a 28-year mine plan based on 540 million tonnes of reserves, containing 3.2 million tonnes of copper, 9.4 million ounces of gold, and 28 million ounces of silver. With a $1.55bn capex, the project targets a 24% after-tax IRR and $3.2bn NPV8%. The program includes geotechnical drilling and seismic assessments focusing on key infrastructure areas. SolGold is funded through a $100m gold streaming agreement, with an additional $650m available for development upon meeting conditions.
SolGold has awarded G Mining Services the project management contract for the Cascabel Project Feasibility Study. G Mining will oversee timelines, deliverables, cost control systems, and provide expertise in mining, infrastructure, metallurgy, and expense estimation. The company was selected for its experience in Ecuador's mining sector, particularly with the Fruta del Norte project, and its competitive cost structure.
The scope includes implementing project schedules, consultant selection, and contract management. SolGold aims to improve various aspects of the existing PFS, including the Tandayama-América open cut resources, gold and copper recovery, mine plan, infrastructure efficiency, and waste management.
SolGold plc (LSE:SOLG)(TSX:SOLG) has provided an update on key developments for its Cascabel Project, a premier copper-gold project. The company has optimized its infrastructure investigation program to include ground geophysical assessment, reducing drilling requirements while providing a more comprehensive understanding of foundation conditions. Drillers are preparing to mobilize for geotechnical drilling at plant and portal locations.
SolGold is progressing with permitting in three critical areas: Cascabel Mine Site Infrastructure, Tailings Storage Facility (TSF), and Port and Pipeline. The company expects to submit Environmental and Social Impact Assessment (ESIA) documents to Ecuadorian authorities by the end of Q3 2025.
The company has participated in investor events and welcomed two key additions to the project team: Reed Huppman as VP of Environment, Social, and Governance (ESG), and Ash Martin as VP of Project Engineering, strengthening their technical and sustainability capabilities.
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