(Alliance News) - SolGold PLC on Thursday reassured operations in Ecuador continue as normal despite protests in the country.
The protests were sparked by the Ecuadorean government's decision, on October 1, to remove fuel subsidies in order to meet International Monetary Fund standards.
SolGold expects protests to continue in the short-term, but believes the government should be able to restore order soon.
SolGold, making a statement in response to a share price drop, said: "Following recent media reports regarding protests in Ecuador the board of SolGold wishes to inform shareholders that the company's operations remain unaffected.
"The safety and security of SolGold employees is of paramount importance, and the company has taken all necessary precautions and actions to ensure this is maintained."
SolGold is on track for a third mineral resource estimate for the Alpala deposit on the Cascabel project in the fourth quarter, and a pre-feasibility study in the first quarter.
Shares were down 4.6% on Thursday afternoon in London at 18.24 pence, though they did dip to 16.23p earlier on.
By George Collard; georgecollard@alliancenews.com
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