SolGold PLC Announces Cascabel Project Update
SolGold has awarded G Mining Services the project management contract for the Cascabel Project Feasibility Study. G Mining will oversee timelines, deliverables, cost control systems, and provide expertise in mining, infrastructure, metallurgy, and expense estimation. The company was selected for its experience in Ecuador's mining sector, particularly with the Fruta del Norte project, and its competitive cost structure.
The scope includes implementing project schedules, consultant selection, and contract management. SolGold aims to improve various aspects of the existing PFS, including the Tandayama-América open cut resources, gold and copper recovery, mine plan, infrastructure efficiency, and waste management.
SolGold ha conferito a G Mining Services il contratto di gestione del progetto per lo Studio di Fattibilità del Progetto Cascabel. G Mining si occuperà della gestione dei tempi, consegne, sistemi di controllo dei costi e fornirà competenze nell'ambito dell'estrazione mineraria, infrastrutture, metallurgia e stima dei costi. L'azienda è stata scelta per la sua esperienza nel settore minerario dell'Ecuador, in particolare con il progetto Fruta del Norte, e per la sua struttura dei costi competitiva.
Il progetto comprende l'implementazione dei programmi di lavoro, la selezione dei consulenti e la gestione dei contratti. SolGold mira a migliorare vari aspetti dell'attuale PFS, inclusi le risorse a cielo aperto Tandayama-América, il recupero di oro e rame, il piano minerario, l'efficienza delle infrastrutture e la gestione dei rifiuti.
SolGold ha otorgado a G Mining Services el contrato de gestión del proyecto para el Estudio de Viabilidad del Proyecto Cascabel. G Mining supervisará los plazos, entregables, sistemas de control de costos y proporcionará experiencia en minería, infraestructura, metalurgia y estimación de gastos. La compañía fue seleccionada por su experiencia en el sector minero de Ecuador, en particular con el proyecto Fruta del Norte, y su estructura de costos competitiva.
El alcance incluye la implementación de cronogramas de proyectos, selección de consultores y gestión de contratos. SolGold tiene como objetivo mejorar varios aspectos del PFS existente, incluidos los recursos a cielo abierto Tandayama-América, la recuperación de oro y cobre, el plan de mina, la eficiencia de la infraestructura y la gestión de desechos.
SolGold는 G Mining Services에 Cascabel 프로젝트 타당성 조사를 위한 프로젝트 관리 계약을 수여했습니다. G Mining은 일정, 성과물, 비용 관리 시스템을 감독하고, 채굴, 인프라, 금속공학 및 비용 추정 분야의 전문성을 제공합니다. 이 회사는 특히 Fruta del Norte 프로젝트에서의 경험 때문에 에콰도르의 광업 부문에서 선택되었습니다. 또한 경쟁력 있는 비용 구조를 가지고 있습니다.
프로젝트의 범위에는 프로젝트 일정의 구현, 컨설턴트 선정 및 계약 관리가 포함됩니다. SolGold는 Tandayama-América의 노천 자원, 금 및 구리 회수, 광산 계획, 인프라 효율성, 폐기물 관리 등 현재 PFS의 여러 측면을 개선하는 것을 목표로 하고 있습니다.
SolGold a attribué à G Mining Services le contrat de gestion de projet pour l'Étude de Faisabilité du Projet Cascabel. G Mining supervisera les délais, les livrables, les systèmes de contrôle des coûts et apportera son expertise en matière d'extraction minière, d'infrastructures, de métallurgie et d'estimation des dépenses. L'entreprise a été choisie pour son expérience dans le secteur minier équatorien, notamment avec le projet Fruta del Norte, et pour sa structure de coûts compétitive.
Le périmètre comprend la mise en œuvre des plannings de projets, la sélection de consultants et la gestion des contrats. SolGold vise à améliorer divers aspects de l'actuel PFS, y compris les ressources à ciel ouvert Tandayama-América, la récupération de l'or et du cuivre, le plan minier, l'efficacité des infrastructures et la gestion des déchets.
SolGold hat G Mining Services den Projektmanagementvertrag für die Machbarkeitsstudie des Cascabel-Projekts erteilt. G Mining wird die Zeitpläne, Lieferungen, Kostenkontrollsysteme überwachen und Fachwissen in den Bereichen Bergbau, Infrastruktur, Metallurgie und Kostenschätzung bereitstellen. Das Unternehmen wurde aufgrund seiner Erfahrung im Bergbau-Sektor in Ecuador, insbesondere im Fruta del Norte-Projekt, und seiner wettbewerbsfähigen Kostenstruktur ausgewählt.
Der Umfang umfasst die Umsetzung von Projektzeitplänen, die Auswahl von Beratern und das Vertragsmanagement. SolGold hat das Ziel, verschiedene Aspekte des bestehenden PFS zu verbessern, einschließlich der offenen Ressourcen Tandayama-América, der Gold- und Kupfergewinnung, des Bergbauplans, der Effizienz der Infrastruktur und des Abfallmanagements.
- G Mining Services brings significant experience in Ecuador's mining sector
- Project aims to improve multiple aspects of existing Pre-Feasibility Study
- Local presence in Ecuador through Quito office enhances operational efficiency
- Additional financing still required for development decision
- Multiple permits still pending for development access
Award of Project Management Contract to G Mining Services for Cascabel Project Feasibility Study
BISHOPSGATE, LONDON / ACCESSWIRE / October 28, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) ("SolGold" or the "Company") is pleased to announce that G Mining Services Inc. ("G Mining") has been awarded the contract to provide project management services for the Cascabel Project Feasibility Study ("FS"). This decision follows a competitive selection process that considered multiple firms with extensive mining expertise.
G Mining Services' project management scope will include overseeing timelines, milestones, and deliverables, as well as implementing and managing cost control systems. G Mining will develop and maintain detailed project schedules, assist SolGold with specialised consultant selection and contract management, and provide senior estimation services for project costing. Their team will also offer expertise in various engineering disciplines such as mining, infrastructure, metallurgy and processing, and capital and operating expense estimation. SolGold will continue to maintain substantial input in the selection of specialised consultants. This phase is key to de-risking the project and will lay the foundation for future development stages.
G Mining Services was selected for this important phase due to its substantial experience in the Ecuadorian mining sector, notably its success with the Fruta del Norte project, competitive cost structure, and availability to meet the project's timeline for this scope. With an established office in Quito, the capital of Ecuador, G Mining is well-positioned to offer local coordination and support. Their strong team, which combines international expertise and local knowledge, brings a wealth of experience in managing large-scale projects. Additionally, their collaborative approach, integrating with in-house management and specialist firms needed for key areas, ensures comprehensive project delivery.
G Mining Services has successfully delivered on several major global projects, including the Tocantinzinho Gold Project in Brazil and Newmont's Merian Mine in Suriname. In addition to their success with Lundin Gold's Fruta del Norte project in Ecuador, their extensive global experience positions them as a critical partner to continue de-risking and advancing the Cascabel Project.
Scott Caldwell, President and CEO of SolGold, remarked: "We are pleased to have G Mining onboard for this critical phase of the Cascabel project. Their Ecuadorian experience, cost-competitive approach, and strong team make them the ideal partners as we advance the project, de-risk key elements, and move forward. There remain numerous areas we feel meaningful improvements can be made to the existing PFS, particularly in the areas of the inclusion of the Tandayama-Ameríca open cut resources, gold and copper recovery, improved mine plan, site layout and infrastructure efficiency, power supply, waste rock and tailings management. We look forward to G Mining's assistance in this evaluation. At the same time, we are working on the processes to secure the various permits to facilitate access to development and the balance of the financing that will be required for a development decision."
Mathieu Gignac, President of G Mining Services, commented:"We are excited to collaborate with SolGold on the Cascabel Project, a world-class copper-gold deposit with immense potential. Our team's experience in managing large-scale projects like Cascabel, combined with our local presence in Ecuador, positions us to help SolGold unlock significant value while systematically de-risking and advancing this outstanding asset."
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ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE/TSX: SOLG).
See www.solgold.com.au for more information. Follow us on X @SolGold_plc.
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SOURCE: SolGold PLC
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FAQ
What is the purpose of G Mining Services' contract with SolGold (SLGGF)?
Why did SolGold (SLGGF) choose G Mining Services for the Cascabel project?
What improvements are planned for the Cascabel Project's existing PFS?
