RE: Background article with weird SOLG mention7 Sep 2023 10:17
Negative & positive at the same time especially when a decent professional outfit are placed in charge...
Corruption and misuse of funds
But even if the investments grow, no one can guarantee they will be used in the right place. Sadly, misappropriation of funds is rife within the mining industry, highlighting the weakness of oversight and institutional structure in many parts of the world.
Recent examples include an audit of SolGold that revealed as much as $4.6 million spent by the Ecuador-focused miner between 2017 and 2021 was "misappropriated", alarming its big shareholders such as BHP and Newcrest. SolGold's Cascabel project is considered one of the world's lowest-cost, lowest-carbon copper mines.