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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Solgold Plc | SOLG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.22 | 2.41% | 9.33 | 16:35:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.12 | 9.12 | 9.63 | 9.33 | 9.11 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 17/4/2024 11:45 by lowtrawler hazl, my stance should always have been clear. I don't invest in companies that require a takeover to be successful and so will not be investing in SOLG. However, I have a long investing history with SOLG that means I understand the business and the price drivers. I want SOLG to be sold for a good price and shareholders to make money. I have maintained an interest in SOLG because it will end with a bid and probably a bidding war. I want to see what triggers the bid and how the bidding war develops.I believe it makes me a rare commodity on bulletin Boards: Someone who has the experience and knowledge to understand what is happening and call out when I believe prices will move in either direction. With no vested interest, you will always get my honest view of events. I believe you have failed to grasp the fact that SOLG's future is entirely dependent on a successful bid and structural movements in the commodity market are only relevant to the extent they make a bid more or less likely. The reality is, SOLG will continually dilute shareholder value until such time as a successful bid. Any improvement to the share price is unlikely to come from management activity as they are running SOLG on care and maintenance. Improvements will only come from external factors e.g. Ecuador specific changes; metal price movements; anticipated copper demand; bid rumours etc. As I have now said several times, SOLG have put in place everything they can to encourage a bid. Cascabel is an attractive asset and has a lot of interest from a lot of parties. I see nothing standing in the way of a bid being made and so am optimistic one will now happen. However, if it does not, it is difficult to understand what will change in the future that might trigger a bid. To make money on SOLG, you need a bid or you need to be trading the swings. |
Posted at 15/4/2024 14:52 by lowtrawler francois, there is no direct relationship between metal spot prices and the SOLG share price The underlying value of SOLG will depend on metal prices many years into the future. If spot prices move significantly, it doesn't necessarily follow this will change metal prices at the point SOLG move into production. Anyone looking to bid for SOLG will have had to assume much higher metal prices than were contained in the PFS. The higher spot prices may help validate their higher prices or even allow them to consider adjusting their price forecasts upward. Hence, you will see some impact as metal prices move but it is far less direct than a producer. Long-term investing in SOLG is a bet on them receiving a bid at multiples of the current price. Improved spot prices could help encourage a bid or validate assumptions within a bid proposal. Hence, they are worth considering. However, they are only one small part of the planning that will go into deciding whether a bid will be made. Spot price movements will have very little impact on short-term SOLG price movements. |
Posted at 28/3/2024 13:18 by hazl 19 March 2024SolGold plc ("SolGold" or the "Company") Blanca-Nieves Project Update - Outcrop results 6.15m @ 7.46 g/t Au SolGold (LSE & TSX: SOLG) is pleased to provide an update on the Blanca-Nieves Project ("Project"). SolGold holds a 100% interest in the Project through its Ecuadorian subsidiary, Carnegie Ridge Resources S.A. · Exploration identified a significant porphyry target at El Cielto Norte covering approximately 2.5 x 2.5 km and is greater in extent than the Alpala system to the south at the Cascabel Project · At Florida, new assays from channel samples of gold-bearing epithermal quartz vein outcrops with up to 6.15m true thickness, returned results of 6.15m @ 7.46 g/t Au, including 2.2m @ 21.1 g/t Au · Advancing new target areas towards drill-ready status · Potential for future integration of Blanca-Nieves with the Tier 1 Cascabel Project, due to the proximity of approximately 8 km Santiago Vaca, SolGold's Chief Geologist, commented: "Our team is excited about the overall prospect of the Blanca-Nieves Project, including the potential for future integration with the Cascabel Project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador." Further Information The Blanca-Nieves Project is situated approximately 8 km north of the Company's Tier 1 Cascabel Project in northern Ecuador, which holds 3.7 Bt of ore, 12.4 Mt of copper and 31.3 Moz of gold in the measured plus indicated category, and 854 Mt of ore, 2.0 Mt of copper and 5.3 Moz of gold in the inferred category. The Cascabel Project is the largest undeveloped copper-gold resource in South America and one of the largest in the world; with its recently published pre-feasibility study indicating an initial capex of $1.55B and the initial block cave yielding a peak annual production of 216 kt of copper, 734 koz of gold and 1.16 Moz of silver. The Project is situated in the Northern Andean Copper-Gold Belt, a region that promises to deliver a significant proportion of the copper and gold necessary to meet the growing global demand over the coming decades. High-grade "bonanza-style" gold and silver mineralisation with visible gold has been discovered outcropping at numerous locations within the Blanca-Nieves Project area. This includes the previously reported presence of epithermal quartz veins with over 100 g/t gold grades at Cielito and Florida. The ongoing exploration efforts at the Blanca-Nieves epithermal gold-silver vein field continue to demonstrate significant potential for complex high-grade epithermal vein systems, and recent work has also identified the potential for a parent mineralised porphyry body beneath the outcropping gold system. SolGold is advancing new target areas towards drill-ready status as exploration continues with both epithermal vein and porphyry gold-copper as objectives. SolGold intends ultimately to extend the definition of the gold-bearing epithermal veins at Cielito and Quiroz beyond the range of previous historical artisanal mining and drilling to date and to extend the size of the discovery at Florida, further demonstrating the Company's commitment to realising the full potential of the Blanca-Nieves Project with a view to integration with Cascabel. Recent and historic exploration at the Blanca-Nieves Project, immediately north of the Company's Cascabel Project, has identified a widespread epithermal gold and silver precious metal field which covers more than 80 square kilometres. New assays of channel samples from gold-bearing epithermal quartz vein outcrops, with up to 6.15m true thickness, returned 6.15m @ 7.46 g/t Au at Florida, including 2.2m @ 21.1 g/t Au (Figure 1). A significant thickening of quartz veins is observed along with an increase in clay alteration at Florida, and more recent fieldwork has identified a significant porphyry target at El Cielito Norte, immediately west of Florida. |
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 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 08:20 by hazl Might explain this recently.SolGold PLC (LSE & TSX: SOLG) ("SolGold" or the "Company") is pleased to announce the appointment of Mr. Jian (John) Liu and Mr. Charles Joseland to its Board of Directors. Mr. Jian (John) Liu brings over 30 years of private investment advisory experience to the SolGold board, with a diverse background spanning multiple sectors, including mining, energy, technology, consumer, and healthcare. He previously worked as a partner at Valuestone Advisors for mining investments, as an advisor at Jiangxi Copper Corp for its overseas M&A projects, as a partner at Greenwoods PE Funds, as a director at Mousse Partners and Actis, and as an associate at Merrill Lynch Direct Investment Group. His experience includes assisting portfolio companies in strategy formation, fundraising, investing and corporate governance. Mr. Liu's academic credentials include an MBA from the University of British Columbia in Canada and a B.Sc. in computer science and engineering from Shanghai Jiaotong University in Shanghai, China, underscore his exceptional qualifications and expertise. Mr. Charles Joseland joins SolGold's board as a highly experienced finance professional with a career focused on the mining, utilities, and energy sectors. With 32 years at PwC and as an audit partner working on large listed international groups, Mr. Joseland brings a wealth of knowledge in financial oversight, governance, and risk management. His extensive career includes working in Spain and the Former Soviet Union and advising many organisations in Africa and North & South America. He currently serves as an independent non-executive director at Kodal Minerals Plc and holds key advisory roles at Southern Housing and Saddle Skedaddle. Mr. Joseland's experience, pragmatic approach and commitment to integrity and teamwork will enhance SolGold's corporate governance practices and strategic decision-making processes. |
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." |
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