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SOLG Solgold Plc

8.31
-0.19 (-2.24%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Solgold Plc LSE:SOLG London Ordinary Share GB00B0WD0R35 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.19 -2.24% 8.31 8,260,036 16:35:14
Bid Price Offer Price High Price Low Price Open Price
8.34 8.39 8.85 8.32 8.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 3.9M USD -50.34M USD -0.0168 -4.97 250.59M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:04 O 93,830 8.31 GBX

Solgold (SOLG) Latest News

Solgold (SOLG) Discussions and Chat

Solgold (SOLG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 18:00:228.3193,8307,797.27O
2024-03-18 17:32:068.59504,77943,375.66O
2024-03-18 17:21:028.49241,07020,469.25O
2024-03-18 17:10:598.504,655395.77O
2024-03-18 17:08:068.3570,3535,871.66O

Solgold (SOLG) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Solgold Daily Update
Solgold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SOLG. The last closing price for Solgold was 8.50p.
Solgold currently has 3,001,106,975 shares in issue. The market capitalisation of Solgold is £250,592,432.
Solgold has a price to earnings ratio (PE ratio) of -4.97.
This morning SOLG shares opened at 8.85p
Posted at 11/3/2024 20:39 by havinthelasttoast
One of the rampers very arrogantly put down someone on LSE and stated we have 157m shares in treasury and therefore no dilution coming for funding.

“ highflyigman
Posts: 439
Price: 8.19
No Opinion
RE: 8.48p on the ASKToday 20:05
Magicman, we've got 157,000,000 shares in treasury that strategic investors have already expressed interest in last October at a price well North of the 8.19p were at.

No dilution coming. Might wanna do your research before passing comment. “

The last RNS I can see regarding this rubbishes that idea, it would be great if true but I assume another misinformed ramper or is there something somewhere I have missed ?

“11 May 2023

SolGold plc

("SolGold" or the "Company")

Share Capital and Voting Rights



SolGold announces, for the purposes of the FCA's Disclosure and Transparency Rules, that the total issued share capital of the Company consists of 3,001,106,975 ordinary shares of 1p each with voting rights.



SolGold does not currently hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company”
Posted at 07/3/2024 10:17 by hazl
So lowtrawler, despite the financial element to yesterday's announcement,you repeat only, that they are dependent on a bid?
Whilst it is certainly what explorers usually aim for, the support that is displayed now by the country and it's government, is paramount to Solg's desirability, as a buyout.
In other words, the bar has been raised.

I believe we are seeing stale bulls, leaving, and the gains that were evident yesterday shows the market liked the RNS.

This now has more value as far as I'm concerned.
What a great job Scott is doing towards this.

'SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint declaration with the Government of Ecuador in preparation for the execution of the Complementary Investment Protection Agreement ("IPA") for the Cascabel Project ("Project" or "Cascabel") in Ecuador. The signing took place in Toronto at the Prospectors and Developers Association of Canada ("PDAC") convention, representing a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government.

The signing was conducted by the Minister of Production, Foreign Trade, Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of SolGold, on behalf of SolGold plc and SolGold Finance AG, along with representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A., in advance of the definitive Complementary IPA to be signed in Ecuador.

In addition to the US$311 million investment addressed by the current IPA, under the Complementary IPA, there is a commitment to invest a total of US $3.2 billion over the subsequent years in activities related to the Cascabel mining concession. The Complementary IPA embodies the largest mining investment in Ecuadorian history, highlighting the scale and importance of the Project, SolGold's commitment, and the impact on the broader Ecuadorian mining sector.


'
Posted at 06/3/2024 22:25 by rougepierre
Hi Francois...

Two major factors were:

Berry Street who dumped their shares in the market rather than go to Solgold's Nomad to work them through gradually...that saw the share price fall from 15p to 8p in just 5 weeks...

MSCI tracker's relegation of Solgold, announced on Feb 14, which culminated in the 100m plus volume on 29 February...that saw the share price fall to sub 6p from 7p but we've since more than recovered that fall...

Once the profit taking traders from that are eliminated and especially if we see a TR1 we should see SOLG motor on to the next level...
Posted at 06/3/2024 19:52 by mirabeau
Argonaut has initiated SOLG

Argonaut has initiated on London and Toronto Exchange listed SolGold (SOLG) with a Speculative Buy and Price Target of 11.6p per share. SOLG’s flagship asset is the Cascabel project in northern Ecuador. Cascabel is a world class copper and gold project an impressive potential production profile. The Cascabel Project PFS was recently updated to reduce upfront capital expenditure. A reduction in the capital hurdle increases investment attractiveness. Argonaut visited the Cascabel site in the fourth quarter of 2023. Project economics could be further improved through integration of the Tandayama-Ameríca Resource and optimisation of surface infrastructure including tailings facilities.

To access the full report please log in under the Client Area at the bottom of this page.

Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

If you would like to access our research please contact us to create an account.
Posted at 06/3/2024 12:06 by hazl
For anybody looking in in their lunch hour this is what the rise is about.

'SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint declaration with the Government of Ecuador in preparation for the execution of the Complementary Investment Protection Agreement ("IPA") for the Cascabel Project ("Project" or "Cascabel") in Ecuador. The signing took place in Toronto at the Prospectors and Developers Association of Canada ("PDAC") convention, representing a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government.

The signing was conducted by the Minister of Production, Foreign Trade, Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of SolGold, on behalf of SolGold plc and SolGold Finance AG, along with representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A., in advance of the definitive Complementary IPA to be signed in Ecuador.

In addition to the US$311 million investment addressed by the current IPA, under the Complementary IPA, there is a commitment to invest a total of US $3.2 billion over the subsequent years in activities related to the Cascabel mining concession. The Complementary IPA embodies the largest mining investment in Ecuadorian history, highlighting the scale and importance of the Project, SolGold's commitment, and the impact on the broader Ecuadorian mining sector.

'
Posted at 06/3/2024 07:38 by hazl
SolGold (LSE & TSX: SOLG) is pleased to announce the signing of a joint declaration with the Government of Ecuador in preparation for the execution of the Complementary Investment Protection Agreement ("IPA") for the Cascabel Project ("Project" or "Cascabel") in Ecuador. The signing took place in Toronto at the Prospectors and Developers Association of Canada ("PDAC") convention, representing a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government.

The signing was conducted by the Minister of Production, Foreign Trade, Investments and Fisheries, Ms. Sonsoles García, and Scott Caldwell, CEO of SolGold, on behalf of SolGold plc and SolGold Finance AG, along with representatives from Exploraciones Novomining S.A. and SolGold-Ecuador S.A., in advance of the definitive Complementary IPA to be signed in Ecuador.

In addition to the US$311 million investment addressed by the current IPA, under the Complementary IPA, there is a commitment to invest a total of US $3.2 billion over the subsequent years in activities related to the Cascabel mining concession. The Complementary IPA embodies the largest mining investment in Ecuadorian history, highlighting the scale and importance of the Project, SolGold's commitment, and the impact on the broader Ecuadorian mining sector.
Posted at 04/3/2024 15:59 by loganair
The 3 latest RNS were not that positive and the Pre-feasibility study cost Solgold a great deal of cash they couldn't afford.

The latest RNS is pretty much meaningless, even the market is saying as much.

The current price of gold or copper doesn't effect the share price of Solgold because at best the Cascabel mine will not become operational until 2030 and Solgold has no hope in getting the mine open under their own bat.

Just think it was only a few short years ago that Solgold were talking about 2025 when the first ore would start coming out of the ground and providing the company with a back stop of an income.
Posted at 04/3/2024 07:09 by hazl
Wow!

'SolGold PLC (LSE & TSX: SOLG) is pleased to announce the signing of a Memorandum of Understanding ("MOU") with Grupo Empresarial Semaica (Semaica Business Group), a major construction company in Ecuador, and Enerhydra, an American company, whose partners have participated in large projects throughout Latin America, and have developed seven hydroelectric projects in Ecuador, and Constructora Nacional S.A., a prominent construction company with extensive experience in hydroelectric development in Ecuador. This collaboration aims to spearhead a significant hydro-solar initiative to power SolGold's flagship Cascabel Project ("Cascabel") in Northern Ecuador. The MOU delineates the shared objectives and responsibilities of each party towards the development of a sustainable Power Project ("Project") that will deliver approximately 200 megawatts of clean, renewable energy to the Cascabel site.

The MOU encompasses key considerations such as a potential Power Purchase Agreement (PPA), financing arrangements, construction responsibilities, technical aspects, project operation, and the ultimate end-user of generated energy. This agreement sets the stage for further technical assessments, facilitating progress toward a more definitive agreement while concurrently advancing Cascabel. SolGold will not be directly responsible for financing, building, or operating the power project; instead, its role will focus on leveraging its position as an end-user to qualify for discounted power rates upon Project completion. Additionally, SolGold is committed to supporting its partners in fundraising efforts. Importantly, all terms of the agreement align with the shared commitment of both parties to environmental stewardship and sustainable economic development.

Scott Caldwell, CEO and President of SolGold Ecuador expressed his enthusiasm, stating, "Cascabel is already a remarkable project, but the prospect of harnessing clean hydroelectric and solar energy elevates its potential even further. When we speak of world-class mines, it is about more than tonnes of ore; it is about the impact and legacy of the project locally and globally. This endeavour could position Cascabel as one of the world's largest copper-gold mines aiming to achieve a carbon-neutral footprint. By embracing green energy to extract copper, we are actively contributing to the green revolution and leading the way for others to do the same. I am delighted to formalize this MOU with Semaica Business Group, Enerhydra, and Constructora Nacional, esteemed innovators and leaders in their fields."
Posted at 29/2/2024 15:30 by hazl
SolGold plc

("SolGold" or the "Company")

Announces Successful Completion of New Cascabel Pre-Feasibility Study with Significantly Reduced Initial Capital Cost and 24% Internal Rate of Return


· $5.4bn pre-tax Net Present Value ("NPV8%") and 33% internal rate of return ("IRR")

· $3.2bn after-tax NPV8%, 24% IRR and 4-year payback period from the start of processing[1]

· Average production[2] of 123ktpa of copper, 277kozpa of gold and 794kozpa of silver - 182ktpa copper equivalent ("CuEq")[3] - with peak[4] copper production of 216ktpa (370ktpa CuEq)

· Pre-production capital of $1.55bn for the initial mine development, first process plant module and infrastructure

· 85% of Mineral Reserves are classified as Proven in updated Mineral Reserve Estimate

· Initial 28-year mine plan of 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t and 28Moz Ag @ 1.62 g/t based on the updated Mineral Reserve Estimate[5]

· The Project economics have been calculated based on the economic terms and conditions previously negotiated with the Ecuadorian Government[6]


SolGold (LSE & TSX: SOLG) is pleased to announce the successful completion of a new Pre-Feasibility Study ("PFS" or "Study"), prepared in accordance with National Instrument 43-101 ("NI 43-101") that supports a Phased Block Cave Mine at its flagship Cascabel Project ("Cascabel" or "Project") in Ecuador. Cascabel is 100%-owned through SolGold's Ecuadorian subsidiary Exploraciones Novomining S.A. ("ENSA"). All dollar amounts are quoted in US Dollars.

Key Highlights of the Pre-Feasibility Study

· Excellent economic viability of a Cascabel Phased Approach Block Cave Mine

· +$1bn initial capital expenditure savings compared to previous estimates, reflecting efficient project development strategies, lower technical risk attributed to the phased strategy

· Potential for accelerated cash flow and project development

· The current Cascabel mine plan reflects the profitable exploitation of only 18% of the Alpala measured and indicated mineral resource through a 28-year mine life - the size of the entire resource indicates the mine's potential to be a multi-generational mining asset

· Strong commitment to responsible and sustainable mining practices, including the use of renewable energy (hydropower) and an environmentally conscious Project footprint reduction

Scott Caldwell, SolGold's CEO and President of SolGold Ecuador, commented:

"Cascabel is not just a mining project; it's a promise of responsible mining, lasting value for all stakeholders and a sustainable legacy for the planet. With reduced capital needs and lower risk compared to previous approaches, together with our ongoing commitment to sustainability and responsible mining, Cascabel is more than copper and gold; it's a story of innovation, collaboration and a vision for a greener and more prosperous tomorrow for the people of Ecuador. This Study was conducted with the best outcomes for all our stakeholders in mind."
Posted at 29/2/2024 12:20 by hazl
SolGold plc

("SolGold" or the "Company")

Announces Successful Completion of New Cascabel Pre-Feasibility Study with Significantly Reduced Initial Capital Cost and 24% Internal Rate of Return



· $5.4bn pre-tax Net Present Value ("NPV8%") and 33% internal rate of return ("IRR")

· $3.2bn after-tax NPV8%, 24% IRR and 4-year payback period from the start of processing[1]

· Average production[2] of 123ktpa of copper, 277kozpa of gold and 794kozpa of silver - 182ktpa copper equivalent ("CuEq")[3] - with peak[4] copper production of 216ktpa (370ktpa CuEq)

· Pre-production capital of $1.55bn for the initial mine development, first process plant module and infrastructure

· 85% of Mineral Reserves are classified as Proven in updated Mineral Reserve Estimate

· Initial 28-year mine plan of 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t and 28Moz Ag @ 1.62 g/t based on the updated Mineral Reserve Estimate[5]

· The Project economics have been calculated based on the economic terms and conditions previously negotiated with the Ecuadorian Government[6]



SolGold (LSE & TSX: SOLG) is pleased to announce the successful completion of a new Pre-Feasibility Study ("PFS" or "Study"), prepared in accordance with National Instrument 43-101 ("NI 43-101") that supports a Phased Block Cave Mine at its flagship Cascabel Project ("Cascabel" or "Project") in Ecuador. Cascabel is 100%-owned through SolGold's Ecuadorian subsidiary Exploraciones Novomining S.A. ("ENSA"). All dollar amounts are quoted in US Dollars.

Key Highlights of the Pre-Feasibility Study

· Excellent economic viability of a Cascabel Phased Approach Block Cave Mine

· +$1bn initial capital expenditure savings compared to previous estimates, reflecting efficient project development strategies, lower technical risk attributed to the phased strategy

· Potential for accelerated cash flow and project development

· The current Cascabel mine plan reflects the profitable exploitation of only 18% of the Alpala measured and indicated mineral resource through a 28-year mine life - the size of the entire resource indicates the mine's potential to be a multi-generational mining asset

· Strong commitment to responsible and sustainable mining practices, including the use of renewable energy (hydropower) and an environmentally conscious Project footprint reduction

Scott Caldwell, SolGold's CEO and President of SolGold Ecuador, commented:

"Cascabel is not just a mining project; it's a promise of responsible mining, lasting value for all stakeholders and a sustainable legacy for the planet. With reduced capital needs and lower risk compared to previous approaches, together with our ongoing commitment to sustainability and responsible mining, Cascabel is more than copper and gold; it's a story of innovation, collaboration and a vision for a greener and more prosperous tomorrow for the people of Ecuador. This Study was conducted with the best outcomes for all our stakeholders in mind."
Solgold share price data is direct from the London Stock Exchange

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