Solgold Stock Price, News & Analysis

SolGold plc (LSE:SOLG)(TSX:SOLG) has announced its voluntary delisting from the Toronto Stock Exchange (TSX), effective June 18, 2025, while maintaining its listing on the London Stock Exchange (LSE). The decision comes after analysis showed that TSX trading volume represented less than 3% of aggregate trading across both exchanges from 2017 to April 2025. The company cites that maintaining the TSX listing's financial costs and administrative requirements are no longer justified given the low trading volume. Shareholder approval is not required as the LSE provides an acceptable alternative market. Canadian shareholders will have until July 18, 2025, to transfer their shares to CREST, the UK-based share transfer and settlement system, through Computershare Trust Company of Canada.

SolGold (SLGGF) has secured a crucial Environmental License for its Porvenir Project in Ecuador's Zamora Chinchipe province. The license, issued by MAATE, enables advanced exploration activities including diamond drilling and technical studies across 5,261 hectares. The project's Cacharposa deposit boasts significant resources with an Indicated Resource of 396.8 Mt @ 0.44% CuEq and Inferred Resource of 96.9 Mt @ 0.37% CuEq. A Preliminary Economic Assessment (PEA) is underway to evaluate both open-pit and underground mining scenarios. Notable drill results include intersections of up to 722m @ 0.52% Cu, 0.23 g/t Au. The project will be developed under Ecuador's large-scale mining regime and has received strong local community support. SolGold is positioning Porvenir as the cornerstone asset of its ExploreCo portfolio while evaluating strategic options and capital requirements.

SolGold has secured a major milestone for its Cascabel Copper-Gold Project in Ecuador through the execution of an Amended Investment Protection Agreement (AIPA). The agreement, signed with the Ecuadorian Government, recognizes $311.5 million in historical investments made between 2013 and 2023.

The AIPA provides crucial legal, fiscal, and regulatory certainty for the project's advancement, including:

• Guaranteed legal framework under Ecuador's COPCI
• International arbitration rights in London, UK
• Enhanced local employment commitments
• Strengthened community development focus

This agreement also unlocks the second tranche of funding from SolGold's gold stream financing agreement with Franco-Nevada and Osisko Bermuda. CEO Dan Vujcic emphasizes this as a significant step in de-risking the project while reinforcing the partnership with Ecuador's government.

SolGold PLC has announced significant stock option grants to its top executives on April 11, 2025. CEO Slobodan (Dan) Vujcic received 15,000,000 options at £0.07 per share, vesting equally over three years (2026-2028) with a 10-year term under the Long Term Incentive Plan (LTIP). The total value of CEO options amounts to £1,050,000.

CFO Christopher Stackhouse was granted 5,000,000 options at £0.06578 per share, vesting in three approximately equal tranches between 2025-2027, with a 6-year term under the Employee Share Option Plan 2023. The CFO options, priced at 110% of the previous day's closing share price, have a total value of £328,900.

SolGold (LSE:SOLG)(TSX:SOLG) has announced plans to investigate early production opportunities through open-pit and sub-level caving at its Cascabel project. The company will initiate a targeted drilling program at the Tandayama resource area, consisting of 5,400 metres across 11 priority holes and up to 15 holes total, with a budget of US$3.25m.

The drilling program, scheduled to begin in early May 2025, will employ three drilling rigs to establish measured and indicated resources, define near-surface mineralization limits, and test for open pittable resources. The program is expected to take three months, with assay results available one month later.

The drilling strategy includes setting two rigs for 6 priority holes on the southern pit 1, one rig on pit 2 in the north for 4 priority holes, and two additional holes planned for the zone between pits 1 and 2. The company is also exploring potential at nearby tenements, including Aguinaga and Blanca Nieves, while working with G Mining Services on various trade-off studies to enhance project efficiency.

SolGold (LSE:SOLG)(TSX:SOLG) has announced the satisfaction of conditions for a significant share transaction with Jiangxi Copper. The deal involves SolGold Canada Inc. selling 157,141,000 ordinary shares at US$0.115 per share, generating gross proceeds of US$18.07 million.

The transaction price represents a 45% premium to the closing middle-market share price on March 11, 2025. Settlement is expected to occur on March 26, 2025, after which SolGold Canada Inc. will no longer hold any ordinary shares in SolGold.

The investment aims to strengthen SolGold's balance sheet and enable the company to explore opportunities for accelerating production at Cascabel. Additionally, Jiangxi Copper will provide technical input at their cost, contributing to savings and assessment timing for the Cascabel project.

SolGold PLC (LSE:SOLG & TSX:SOLG) has appointed Charles Joseland as Senior Independent Director, continuing his roles as Chair of the Audit and Risk Committee and member of the Remuneration Committee. This appointment follows recent leadership changes including Paul Smith as Independent Non-Executive Chairman and Dan Vujcic as CEO.

Joseland, who joined as Non-Executive Director in February 2024, brings 32 years of experience from PwC where he served as an audit partner for large listed international groups. In his new role, he will be responsible for liaising with institutional investors' governance teams, leveraging his expertise in governance, financial oversight, and risk management.

This appointment is part of SolGold's ongoing corporate governance review and represents another step in resetting governance procedures to support the company's next growth phase.

SolGold (LSE:SOLG & TSX:SOLG) has announced a significant investment from Jiangxi Copper, with its subsidiary SolGold Canada agreeing to sell 157,141,000 ordinary shares at US$0.115 per share, raising approximately US$18 million. The transaction price represents a 45% premium to the closing middle-market share price on March 11, 2025.

Following the investment, Jiangxi's ownership in SolGold will increase from 6.95% (208,616,587 shares) to 12.19% (365,757,587 shares). Notably, no new shares are being issued as part of this transaction, maintaining the company's total issued share capital.

As part of the agreement, until March 2027, Jiangxi may provide technical consulting services for SolGold's Cascabel Project in Ecuador at no cost, unless otherwise agreed. The investment's closing remains subject to customary conditions and regulatory approval from Chinese authorities.

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.