The CFO of Ecuador-focused SolGold is stepping down after only six weeks in the position, in the latest bout of corporate upheaval within the company aiming to develop one of South America’s largest mines. Ayten Saridas is to be replaced by former Kasbah Resources CFO Keith...
LSE and TSX-listed SolGold has published a pre-feasibility study (PFS) for the Cascabel copper-gold project in Ecuador which confirms its ‘world class, Tier 1 potential’, according to the company. Key highlights from the eagerly anticipated study include an estimated US$2.9 billion after-tax NPV with a 19.3%...
The global copper industry must invest more than US$100 billion in new mines in order to close what could be an annual supply deficit of 4.7 million tonnes by 2030, CRU Group’s head of base metals revealed this week. Speaking at the 2022 CRU World Copper...
SolGold has reached a US$150 million net smelter return (NSR) agreement with Franco-Nevada for its Alpala copper-gold deposit, the main target in its Cascabel project in Ecuador. The deal will see Franco-Nevada - which offers natural resource companies upfront cash in exchange for future production –...
Australian miner SolGold has revealed that ‘significant improvements’ have been made at its Alpala copper project in Ecuador following the successful completion of metallurgical test work. The London and Toronto-listed firm reported an estimated 3.8% copper recovery increase, giving a life of mine (LOM) average of...
Ecuador’s Constitutional Court has received submissions for a public referendum on mining in the provinces where Australian mining firm SolGold is advancing its Cascabel copper-gold project, along with other exploration projects. Representatives from several Ecuadorean government bodies, regional community representatives, pro-mining groups, international mining groups workers and community members from Cascabel...
BHP has paid around US$60 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...
The world’s largest mining company BHP Billiton (ASX:BHP) has had its offer to buy a stake in SolGold rejected by the Australian company. BHP announced an investment programme in SolGold that would see it pay US$30 million for a 10% stake in the company and provide...