"There are only three ways for us to secure the flow of dollars we need: exports, foreign direct investment and debt. We’ve clearly exhausted our capacity to take on debt – indeed we are currently trying to restructure our obligations. So that means we have to focus on exports and FDI – and mining generates both"
"We know that Ecuador has incredible geological resources but to attract international investment we need to provide companies with a fair business environment. The cadastre has been closed for too long but I guarantee it will be open before this government leaves office. Likewise, we are working with our fellow ministries to ensure that there are less delays in permitting mining projects"
hydrogen, plenty of opportunities around, e.g. I took some more GGP profits this morning in order to take advantage with BKY. Continue to be long and strong here and it's by far my largest holding. GLA
RE: Signing off for the day & the forseeable24 Aug 2020 11:59
Worth remembering that hopefully La Hueca drilling is progressing. “The commencement of drilling at La Hueca marks the start of SolGold’s next growth phase for the benefit of all shareholders and Ecuador" "Regional exploration program fully funded to 2022 with the aim of discovering further world-class deposits similar to SolGold’s flagship discovery at Alpala" Drill testing expected to commence this year at Rio Amarillo too.
Forecast for decline in gold production19 Aug 2020 09:18
"By 2029, an annual decline to around 65 million ounces is forecast - this decline of around 45% will change the industry dramatically" "As the top dog, SolGold is also the only company in the world with a pipeline of opportunities with the same geology, regulatory, tax and social environment. Given that the company's market value is still less than CAD 1 billion and that there are numerous projects in the pipeline, the value of SolGold in a take-over would be significantly higher!
ToS1963 - Yes programmed handover moved from 2Q25 to 4Q25 but I assume this is very much related to the unprecedented covid situation. My experience is cost management of construction projects, I just felt your sweeping generalisation that they ALWAYS overrun is misinformation.