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 (SLGGF) is a leading copper-gold exploration company advancing its flagship Cascabel Project in Ecuador through systematic resource definition and strategic partnerships. This page provides official updates on exploration progress, financial developments, and operational milestones critical to understanding the company's position in the mining sector.
Investors and analysts will find comprehensive coverage of material events including drilling results, geotechnical studies, and regulatory advancements. The resource consolidates key announcements ranging from project feasibility assessments to strategic financing agreements, offering stakeholders timely insights into SolGold's exploration strategy and resource development timeline.
All content undergoes rigorous verification to ensure alignment with corporate disclosures and industry reporting standards. Bookmark this page for direct access to SolGold's latest press releases and third-party analysis of its Ecuadorian operations and global exploration portfolio.
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.
SolGold addresses shareholder concerns regarding the pre-feasibility study (PFS) for its Cascabel copper-gold project and board structure. The company is actively engaging with stakeholders to enhance corporate governance, having added four independent directors and an independent chairman. The PFS is underway, with a board briefing anticipated this month. The firm acknowledges the need for further expertise in underground mining as it transitions from exploration to development.
SolGold has released its Full Year Results for the year ended June 30, 2021, reporting a loss of US$22.89 million, compared to US$14.12 million in the previous year. The company reported total assets of US$456.91 million, up from US$306.80 million in 2020. Operating loss decreased to US$12.87 million, highlighting reduced exploration and administrative costs. Total comprehensive loss was US$21.07 million. For more details, the annual report is accessible on their website and filed on SEDAR.
SolGold has released significant drilling results from its Tandayama-América (TAM) copper-gold deposit, located near the Alpala deposit in Ecuador. Drill hole 13 recorded exceptional results of 1,010m at 0.55% CuEq, with notable intervals including 132m at 1.09% CuEq. The geological findings indicate potential for deep extensions suitable for underground mining. Ongoing drilling continues to reveal promising mineralization, with an NI 43-101 compliant Maiden Mineral Resource Estimate targeted for release in late 2021.
SolGold announces significant progress at its Rio Amarillo project in Ecuador, with drilling now underway at the Varela porphyry copper-gold-molybdenum target. Drill hole RDH-21-001 has reached 90m with a planned depth of 1,500m. Surface rock-saw channel samples returned notable results, including 99m at 0.34% CuEq. The project, located 30km southeast of the Alpala deposit, exhibits a promising geological structure, with strong similarities to Alpala, indicating potential for a significant mineral resource.
SolGold PLC has reported a change in significant shareholder voting rights, with BlackRock Inc. crossing the 5% threshold on 27-Aug-2021. As of this date, BlackRock holds 4.61% of voting rights through direct shares and an additional 0.39% via financial instruments, totaling 5%. This is a change from their previous position of below 5% in earlier notifications. The formal notification to the issuer occurred on 30-Aug-2021, emphasizing BlackRock's increasing stake in SolGold.
