STOCK TITAN

SOLGOLD PLC ORD - SLGGF STOCK NEWS

Welcome to our dedicated page for SOLGOLD PLC ORD news (Ticker: SLGGF), a resource for investors and traders seeking the latest updates and insights on SOLGOLD PLC ORD 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.

Rhea-AI Summary

SolGold announces that its total issued share capital consists of 2,292,316,432 ordinary shares with voting rights. Currently, the company holds no treasury shares, meaning that this number is crucial for shareholders to evaluate their interest in the company. The press release is part of the FCA's Disclosure and Transparency Rules. SolGold is recognized for its significant exploration efforts in Ecuador, emphasizing its commitment to responsible resource development and stakeholder engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.53%
Tags
none
-
News
Rhea-AI Summary

On April 30, 2021, SolGold plc announced director share acquisitions related to a recent capital raising. Directors Liam Twigger, Kevin O'Kane, Brian Moller, Keith Marshall, Nicholas Mather, Maria Amparo Alban, James Clare, and Elodie Grant Goodey participated in the placing at a price of 25.5p per share. Total shares acquired included 392,156 shares by Twigger, O'Kane, Mather, and Clare, along with smaller quantities by other directors, amounting to approximately GBP 99,999.78 in total. These transactions comply with the Market Abuse Regulation requirements.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
Rhea-AI Summary

SolGold plc has successfully completed a Placing and Retail Offer, raising approximately US$73.8 million (£53.1 million) through the placement of 208,202,938 new Ordinary Shares. The shares were sold at a Placing Price of 25.5 pence, reflecting an 11.1% discount from the previous closing price. Proceeds will fund at least 40,000 meters of diamond core drilling, technical services, and CSR initiatives. The shares are expected to be admitted for trading on the London Stock Exchange and TSX on April 30, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.75%
Tags
none
News
Rhea-AI Summary

SolGold has announced a conditional offer for subscription of new ordinary shares via PrimaryBid, alongside a non-pre-emptive placing of new shares through an accelerated bookbuild process. The Retail Offer is aimed at both private and institutional investors and will close at 9:00 p.m. on April 27, 2021. Proceeds from the offering, which is conditional upon admission to the London Stock Exchange and TSX, will fund 40,000 meters of diamond core drilling and support the company's exploration efforts in Ecuador, particularly at its flagship Alpala project.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
none
-
Rhea-AI Summary

SolGold has provided an update on the Pre-Feasibility Study (PFS) for the Alpala copper-gold project in Ecuador. The company is optimistic about a revised mining plan that focuses on selective mining methods, aiming for earlier access to resources and reduced pre-production capital costs. The Alpala deposit holds 2,663 Mt at 0.53% CuEq, containing significant copper, gold, and silver. The PFS is on track for late 2021 release, with potential mining advantages and cost savings highlighted. SolGold remains committed to delivering shareholder value amidst a growing market demand for copper.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.96%
Tags
none
-
Rhea-AI Summary

SolGold has provided an update on its regional exploration program in Ecuador, showcasing significant progress at the Porvenir project. Recent drilling has yielded promising results at the Cacharposa target with notable intersections:

  • Hole 5: 528m @ 0.35% CuEq
  • Hole 6: 818m @ 0.41% CuEq
  • Hole 7: 570m @ 0.75% CuEq

Additionally, the company is advancing exploration at other targets, including Cerro Quiroz and Tinkimints. Three drill rigs are currently active, supporting ongoing drilling efforts across 75 concessions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
none
Rhea-AI Summary

SolGold has provided an update on the Alpala Pre-Feasibility Study (PFS) concerning its Cascabel project in Ecuador. Following a review by the Project Committee, it was determined that further work is needed to explore mine development and metallurgical options. CEO Nick Mather emphasized the aim to minimize initial capital expenditure and enhance project viability. Additional drilling and resource assessment are ongoing, with the updated PFS anticipated by late 2021. The company remains optimistic about delivering a comprehensive study that leverages potential resources throughout the concession.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.4%
Tags
none
-
Rhea-AI Summary

SolGold has initiated drilling at the Tandayama-America porphyry copper-gold target within its Cascabel Project, located in Ecuador. This operation utilizes two diamond drill rigs as part of the ongoing feasibility drilling program. Initial results from channel sampling in Tandayama Creek show a significant 37m @ 0.25% CuEq. Drilling has revealed visible chalcopyrite and molybdenite mineralization at depths of 55m and 199m in the first hole.

These developments signal a strategic move to explore previously untested areas while prioritizing the project's growth amid increasing exploration activity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of SOLGOLD PLC ORD (SLGGF)?

The current stock price of SOLGOLD PLC ORD (SLGGF) is $0.084 as of December 20, 2024.

What is the market cap of SOLGOLD PLC ORD (SLGGF)?

The market cap of SOLGOLD PLC ORD (SLGGF) is approximately 309.1M.

What is SolGold PLC ORD (SLGGF) focused on?

SolGold is dedicated to the discovery, definition, and development of world-class copper and gold deposits, with a strong emphasis on shareholder value creation and social responsibility.

What recent achievement did SolGold announce?

SolGold recently signed the Exploitation Contract for the Cascabel Project in Ecuador, setting legal and financial terms for the project's development and highlighting its commitment to responsible mining.

What is the significance of the Complementary Investment Protection Agreement for the Cascabel Project?

The agreement represents the largest mining investment in Ecuadorian history and includes a commitment to invest $3.2 billion over subsequent years, underscoring SolGold's dedication to the project and partnership with the Ecuadorian government.

How does SolGold contribute to economic and social development 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.

What values does SolGold uphold in its operations?

SolGold operates with transparency, international best practices, and a commitment to providing economic and social benefits to impacted communities while minimizing environmental impact.

SOLGOLD PLC ORD

OTC:SLGGF

SLGGF Rankings

SLGGF Stock Data

309.11M
1.42B
52.82%
7.9%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
London