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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 partners with Grupo Empresarial Semaica and Enerhydra to develop a sustainable hydro-solar energy project at Cascabel in Ecuador, aiming to deliver 200 megawatts of renewable energy. The collaboration focuses on a Memorandum of Understanding outlining key responsibilities and objectives, including a potential Power Purchase Agreement and environmental stewardship. SolGold's role will be as an end-user to benefit from discounted power rates upon project completion.
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SolGold appoints Mr. Jian (John) Liu and Mr. Charles Joseland to its Board of Directors, bringing extensive experience in finance, investment advisory, and corporate governance. The new members enhance SolGold's commitment to excellence and responsible mining practices.
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SolGold announces successful completion of a new Cascabel Pre-Feasibility Study with reduced initial capital costs and strong economic viability. The study supports a Phased Block Cave Mine at the Cascabel Project in Ecuador, showcasing significant financial benefits, accelerated cash flow potential, and a commitment to responsible mining practices.
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SolGold (SLGGF) releases half-yearly financial report and quarterly MD&A, showcasing positive financial performance for the period ending 31 December 2023.
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SolGold provides an update on its current initiatives and ongoing activities, including progress on the Cascabel Project's pre-feasibility study and exploration activities in Ecuador. The company's CEO expresses optimism for the future of the Ecuadorian mining industry. The board has reconstituted various committees to oversee operations and strategy.
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SolGold PLC (SOLG) exchanged options over Ordinary Shares in connection with the acquisition of Cornerstone Capital Resources Inc. for options granted by Cornerstone over its ordinary shares to certain directors, employees, and consultants. The balance of unallotted securities under the scheme as of 28 December 2023 is 33,778,125 Ordinary Shares of £0.01 each. No securities were issued/allotted during the period.
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SolGold (LSE:SOLG)(TSX:SOLG) reports the results of its Annual General Meeting held on 20 December 2023 in Brisbane, Australia. All resolutions were conducted via a poll, combining proxy votes and votes cast at the meeting. The breakdown of the poll results for each resolution was provided, including percentages of votes for, against, and withheld. Mr. Adrian (Steve) van Barneveld was elected as a Director of the Company, while Mr. Liam Twigger and Mr. James Clare ceased to hold their positions as Directors. CEO Scott Caldwell expressed gratitude to the outgoing directors and welcomed Mr. Barneveld to the Board. The resolutions regarding the disapplication of pre-emption rights were not passed, and the CEO expressed interest in understanding shareholders' views.
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SolGold (LSE:SOLG)(TSX:SOLG) is reminding shareholders to vote at the upcoming Annual General Meeting (AGM) on 20 December 2023. The company recommends voting for all resolutions. The retail vote is crucial for proper representation. SolGold provides updates on the Cascabel Project, including the progress of the Pre-Feasibility Study and the approval received for certain underground activities.
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SolGold (LSE:SOLG)(TSX:SOLG) has identified a promising porphyry Cu-Au-Mo target at the Espejo Project in Northern Ecuador. The project is situated near the Company's Cascabel Project and has revealed a newly identified porphyry Cu target at Anomaly 4, in addition to Anomalies 1, 2, and 3. The recent exploration has yielded significant Au, Ag, and Cu grades in various mineralized forms, suggesting a potential source of intrusion or intrusions in the area.
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SolGold (LSE:SOLG)(TSX:SOLG) reports a new Au-Ag discovery at the La Florida target within the Blanca-Nieves Project in Ecuador. High-grade epithermal quartz vein floats with visible gold and assay results of up to 276 g/t Au and 141 g/t Ag have been found. The close proximity of La Florida to the Cielito target suggests a potential interconnection between the two significant areas. The Company aims to prepare the new target areas at La Florida for drilling and expand the size of the discovery, demonstrating its considerable potential.
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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 $0.1 as of November 21, 2024.
What is the market cap of SOLGOLD PLC ORD (SLGGF)?
The market cap of SOLGOLD PLC ORD (SLGGF) is approximately 295.1M.
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
295.13M
1.42B
52.82%
7.91%
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