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Pin to quick picksSolGold Share News (SOLG)

Share Price Information for SolGold (SOLG)

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Share Price: 9.03
Bid: 9.03
Ask: 9.10
Change: 0.04 (0.44%)
Spread: 0.07 (0.775%)
Open: 9.00
High: 9.10
Low: 9.00
Prev. Close: 8.99
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SolGold says Ecuador is a strong exploration and mining destination

Tue, 09th Aug 2016 14:57

(ShareCast News) - Australian gold and copper miner SolGold said Ecuador was becoming a strong exploration and mining destination due to recent developments at other mining companies in the region.Miner Lundin Gold agreed terms on an investment protection agreement for the Fruta del Norte mining project with the Ecuadorean government, just seven months after its exploitation agreement completed, as Odin Mining revealed plans to merge with Ecuador Gold and Copper.SolGold's chief executive Nick Mather, said: "These developments are a strong endorsement of Ecuador as an exploration and mining destination by both government and industry. Both Lundin and Odin are headed by resource industry executives with strong track records in exploration development and finance. It's pleasing to see."The company said that Lundin Gold's investment protection agreement provides further tax stability in conjunction with the exploitation agreement and existing laws in Ecuador.Lundin's chief executive, Ron Hochstein said the company continues to enjoy the continued support the Ecuadorian government and local communities and rated the legal stability and economic certainty due to the investment protection agreement.The investment protection agreement includes a fixed tax rate at 22%, income tax rate also fixed at 22% and exemption from the capital outflow tax of 5% on payments of principal and interest to financial institutions outside of Ecuador. In light of developments in Ecuador, SolGold raised $21.5m financing, which is expected to close on 24 August. Canadian investment and merchant bank Maxit Capital agreed to subscribe for 268.8m ordinary shares at 0.08 cents per ordinary share for gross proceeds of about $21.5m. Plus there is an option for up to a further $15m shares.SolGold's Cascabel project has 14 targets with copper gold porphyry characteristics. Only one of the targets, Alpala, has been drilled so far with 23,700 metres of core over 18 holes.Mather added: "Intense interest in the project by major companies provides the SolGold board and management with confidence that this project is of global significance."Shares in FTSE 100 listed SolGold were down 0.73% to 6.82p at 0841 BST.
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1 May 2018 13:07

SolGold Hires Mining Lawyer James Clare As Non-Executive Director

LONDON (Alliance News) - Resources firm SolGold PLC on Tuesday announced the appointment of James Clare as a non-executive director.Clare, it said, is a partner of Canadian law firm Bennett

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17 Apr 2018 15:30

SolGold Sees Further High-Grade Extensions At Ecuador Mine

LONDON (Alliance News) - Australian gold and copper mining company SolGold PLC said Tuesday that drilling at the Cascabel project in Ecuador encountered further high-grade extensions.The at

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20 Mar 2018 15:12

SolGold Finds High Grade Gold Mineralisation At Ecuadorian Project

LONDON (Alliance News) -SolGold PLC said Tuesday that it has identified gold mineralisation at the 100% owned Blanca Nieves Project located in northern project is owned by the

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14 Feb 2017 15:36

SolGold gets lucky at Alpala

(ShareCast News) - SolGold announced assay results from Hole 19 at the Alpala deposit, at the company's Cascabel copper-gold porphyry project in Ecuador on Tuesday. The AIM-traded firm said drill hole 19 returned a broad mineralised zone of 1132m grading 0.50% copper and 0.33 g/t gold from 268m dept

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4 Jan 2017 09:06

SolGold finds copper rich Bornite at Ecuador mine

(ShareCast News) - Shares in AIM-listed Sold Gold rose on Wednesday as the miner reported that it found copper rich Bornite at its Ecuador site. The Australian miner said it found over 800m of significant copper mineralisation from 325.6m to current depth 1161.5m at the hole 19 intersection, includi

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22 Dec 2016 16:48

SolGold drilling deeper at Cascabel

(ShareCast News) - SolGold updated the market on exploration at its Cascabel copper-gold porphyry project in Ecuador on Thursday. The AIM-traded company said drill hole CSD-16-018, is at a depth of 1829.7m, extending the rich lower portions of the Alpala deposit, and confirming the deepest mineralis

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5 Dec 2016 10:24

SolGold one of AIM's top 50 companies

(ShareCast News) - Australian gold and copper miner SolGold is to become one of the top 50 companies on AIM, the London Stock Exchange's junior market. The miner is to join the FTSE AIM 50 index, which is made up of the largest AIM companies by market capitalisation, on 12 December. Going forward,

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24 Nov 2016 10:43

SolGold Drilling At Cascabel Intersecting Strong Copper Mineralisation

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10 Oct 2016 08:41

SolGold rejects BHP share deal and Cascabel earn-in, analysts expect new offer

(ShareCast News) - SolGold has rejected an offer from BHP Billiton to buy 10% of the compay for $30m (£24.2m) as well as a $275m earn-in payment for most of the AIM-listed company's share in its Cascabel project in Ecuador. BHP's proposal, which would replace the previously announced $33m financing

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22 Sep 2016 09:11

SolGold Scraps Newcrest Investment Offer As Superior Offer Is Tabled (ALLISS)

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26 Aug 2016 09:42

SolGold placing raises $25.1m in first stage of financing

(ShareCast News) - Australian gold and copper miner SolGold confirmed its shareplacing on AIM on Friday, raising £16.1munder the first tranche of the deal negotiated with Maxit Capital. The proceeds from the capital raising will be used to continue to fund the company's exploration of its flagship C

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25 Aug 2016 15:32

SolGold aims to raise further equity after Friday's share placing

(ShareCast News) - Australian gold and copper miner SolGold's shares soared 24% on Thursday ahead of its AIM share placing on Friday, as it said demand had been strong for its two capital raising initiatives. On 8 July and with a revised offer on 1 August, the company agreed to raise capital through

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20 Jul 2016 09:11

SolGold Upgrades Cascabel Assay Results Following Laboratory Error

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12 Jul 2016 09:45

WINNERS & LOSERS SUMMARY: Positive Updates Boost Galliford And Dechra

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