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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.

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SolGold PLC (LSE:SOLG)(TSX: SOLG) has announced the sale of 250,000 Ordinary Shares by the Mather Foundation , a Private Ancillary Fund associated with Non-Executive Director Nicholas Mather. The sale, finalized on August 12, 2024, was conducted to fulfill charitable obligations. Key points:

  • 250,000 shares sold at £0.102 each, totaling £25,500
  • Proceeds to support prostate cancer research, mental health, homelessness, and emergency flight care services in Australia
  • Mr. Mather has no financial interest in the Mather Foundation
  • Transaction executed on the London Stock Exchange

This sale is part of the Mather Foundation's annual requirement to monetize assets for charitable donations.

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SolGold PLC (LSE:SOLG)(TSX:SOLG) has provided an update on its Cascabel Project, highlighting key developments in de-risking and advancing the project. The company has initiated a comprehensive geotechnical program to determine optimal infrastructure locations, with drilling set to begin in Q3 2024. SolGold is also forming a specialized project team, aiming to fill all positions by early Q4 2024, bringing experts in various fields on board.

The company has secured crucial permits, including the Cascabel Underground Exploration Permit and approvals for geotechnical drilling across all project areas. These milestones underscore SolGold's commitment to timely execution and progress in the Cascabel Project's development.

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SolGold PLC (LSE:SOLG)(TSX:SOLG) has announced a sale of 200,000 Ordinary Shares by the Mather Foundation , a Private Ancillary Fund associated with Non-Executive Director Nicholas Mather. The sale, completed on August 1, 2024, was to fulfill philanthropic obligations for donations to various charitable causes in Australia. The shares were sold at £0.11 each, totaling £22,000. It's important to note that Mr. Mather has no financial interest in the Mather Foundation's capital and does not benefit from it. This transaction is part of the foundation's annual requirement to monetize assets for charitable donations.

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SolGold plc (LSE:SOLG)(TSX:SOLG) announced that Christopher Stackhouse, the company's Chief Financial Officer, acquired 105,000 Ordinary Shares on July 17, 2024. The shares were purchased at CAD0.185 per share, totaling CAD19,425. Following this acquisition, Stackhouse now holds 320,000 Ordinary Shares, representing 0.01% of the company's issued share capital. This transaction was reported as part of the company's obligation to disclose dealings by persons discharging managerial responsibilities.

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SolGold has announced progress in securing significant funding for its Cascabel Project. Franco-Nevada has provided a $10 million loan facility to support ongoing operations. The loan comes with a 12% annual interest rate and matures on July 19, 2024. While discussions for a long-term financing package are ongoing, no new agreements have been finalized. SolGold remains focused on securing necessary financing to advance the Cascabel Project, which aims to become a world-class copper-gold operation.

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SolGold PLC has signed an Exploitation Contract (EC) for its Cascabel Project in Ecuador, marking a significant milestone. The EC, approved by Ecuador's government, outlines legal and financial terms for the project's development, including a minimum 50% share of cumulative benefits for the government. SolGold's subsidiary, ENSA, will develop and produce copper, gold, and silver from the area for 33 years. The company will make an advance royalty payment totaling $75 million. The corporate income tax rate is expected to be 20%, with a variable royalty on net smelter revenues ranging from 3% to 8%. The EC also includes investor protection rights and an economic imbalance mechanism.

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SolGold PLC (LSE:SOLG)(TSX:SOLG) released its third-quarter financial results for the period ending 31 March 2024. Highlights include the completion of an updated Pre-Feasibility Study (PFS) for the Cascabel project, showing a pre-tax NPV8% of $5.4 billion and a post-tax NPV8% of $3.2 billion. The PFS outlines significant copper, gold, and silver production estimates over a 28-year mine life. Key appointments were made to the Board of Directors with the inclusion of Mr. Jian (John) Liu and Mr. Charles Joseland. Exploration at the Blanca-Nieves project yielded promising assay results, including 6.15m @ 7.46 g/t Au. Additionally, a Memorandum of Understanding (MOU) was signed for a hydro-solar energy initiative at Cascabel, aiming to generate 200 megawatts of renewable energy.

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SolGold has announced key financial developments, notably their ongoing discussions with capital providers for a long-term financing package focused on the Cascabel Project. This potential financing aims to fund a significant part of the project's initial capital costs.

Additionally, SolGold has secured a US$10 million loan facility to support ongoing operations, offering favorable repayment terms. CFO Chris Stackhouse emphasized the importance of these financial moves in achieving the project's milestones. However, the finalization of the comprehensive financing package is still subject to negotiations and various conditions.

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SolGold plc CFO Christopher Stackhouse acquires 115,000 Ordinary Shares at CAD0.175 each, totaling CAD20,125.
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SolGold provides an update on the Blanca-Nieves Project, revealing significant gold-bearing epithermal quartz vein outcrops with promising assay results. The company aims to integrate this project with the Tier 1 Cascabel Project, showcasing potential growth opportunities.
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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

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SLGGF Stock Data

309.11M
1.42B
52.82%
7.9%
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