SolGold saves $1bn in Cascabel upfront cost with phased mine development
SolGold has managed to slash the upfront cost of the 100% owned Cascabel project in Ecuador while the company continues to explore the potential sale of its flagship copper-gold property. A new pre-feasibility study (PFS) released Friday showed a sizeable reduction in the initial capital cost, highlighted by over $1 billion in savings.
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Ecuador, SolGold seal deal to launch nearly $5bn mining project
Mining News Pro - Ecuador’s government concluded negotiations with Australian miner SolGold to develop a major mine seen requiring a $4.9 billion investment over the lifetime of the project, the energy and mines ministry announced in a statement on Thursday.
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SolGold delays Cascabel DFS, Porvenir PEA as it looks to cost reduction
Mining News Pro - SolGold discovered and defined the resources at Cascabel for less than $0.01/lb of copper-equivalent or less than $3/oz of gold-equivalent.
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SolGold CEO leaves after less than a year in the top job
Mining News Pro - During the first 25 years of mining, Cascabel is expected to have an average annual production of 207,000 tonnes of copper, 438,000 ounces of gold and 1.4 million ounces of silver.
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SolGold reshuffles C-suite as it ramps up Cascabel
Mining News Pro - Ecuador-focused miner SolGold has announced a round of management changes, with newly appointed chief financial officer Ayten Saridas stepping down after only six weeks in the job.
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SolGold’s Cascabel could be “top 20” mine in South America
Mining News Pro - SolGold published on Wednesday a long-awaited pre-feasibility study for its Cascabel project in Ecuador, which estimates the asset has the potential to become one of the 20 largest copper-gold mines in South America.
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SolGold taps former BHP exec as new CEO
Mining News Pro - Ecuador-focused SolGold has named former BHP executive Darryl Cuzzubbo as the company’s new boss, as the junior works to improve relations between the board and its largest shareholder.
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BHP admonished for meddling with SolGold board
Mining News Pro - Australia’s SolGold Plc has rebuked rival BHP Group, the world’s biggest mining company, for allegedly meddling in the reappointment of its board members.
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BHP admonished for meddling with board of SolGold
Mining News Pro - Australia’s SolGold Plc has rebuked rival BHP Group, the world’s biggest mining company, for allegedly meddling in the reappointment of its board members.
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SolGold and Cornerstone pull together to advance Cascabel project in Ecuador
Mining News Pro - SolGold and shareholder Cornerstone have ended a two-year standoff that cost the miner’s chief executive his post, agreeing to jointly advance the Cascabel copper-gold project in Ecuador.
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SolGold CEO to retire after shareholder pressure
Mining News Pro - SolGold announced on Tuesday that Nick Mather would step down as CEO, after 13 years at the helm of the company.
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Solgold CEO handed shareholder rebuke at annual meeting
Mining News Pro - Gold and copper miner Solgold Plc’s chief executive Nick Mather was handed a strong rebuke on Thursday, with nearly half of votes cast against his reappointment to the miner’s board at its annual shareholder meeting.
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SolGold faces rebellion from top shareholders
Mining News Pro - SolGold faces a possible shareholder revolt as the mining heavyweights that backed the company and its huge Ecuadorian copper deposit grow increasingly frustrated by the management’s decisions.
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SolGold shares up on Cascabel project update
Mining News Pro - SolGold reported on Thursday that drilling has commenced at the Tandayama-America porphyry copper-gold target at its Cascabel project in northern Ecuador.
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SolGold delays Alpala pre-feasibility study again
Mining News Pro - Ecuador-focused miner SolGold said on Tuesday it won’t be able to complete the pre-feasibility study (PFS) for its Alpala copper-gold project this year as planned.
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Cornerstone says SolGold’s hostile bid fails
Mining News Pro - Cornerstone Capital Resources has claimed victory in defending against a hostile bid from SolGold – its joint venture partner in the Cascabel concession, in Ecuador.
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Solgold shares up 10% on Blanca drilling update
Mining News Pro - Solgold’s stock jumped 10% on the TSE on Tuesday after the company released update on the Blanca project in Equador.
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SolGold`s Alpala PFS delayed
Mining News Pro - The prefeasibility study (PFS) for the Alpala project, in the Cascabel concession in northern Ecuador, has been delayed, LSE- and TSX-listed SolGold reported on Wednesday.
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SolGold kicks off drilling at Porvenir
Mining News Pro - SolGold has commenced drilling at its Porvenir copper-gold project in southern Ecuador following receipt of all scout drilling regulatory approvals.
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Newcrest eyes options for 13.6% stake in SolGold
Mining News Pro - Australia’s Newcrest has hired investment bank RBC Capital Markets to explore options for its 13.6% stake in Ecuador-focused gold and copper producer SolGold after it contested SolGold’s latest fundraising initiative, sources told Reuters on Tuesday.
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SolGold goes after rival Cornerstone Capital Resources
Mining News Pro - SolGold is trying to buy Canada’s Cornerstone Capital Resources, which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner’s Cascabel asset.
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SolGold moves to buy Ecuador mine partner Cornerstone
Mining News Pro - SolGold on Tuesday announced that it had formally commenced an offer to acquire the issued and outstanding shares of Ecuadorian mine partner Cornerstone Capital, inviting that company’s shareholders to be “part of an exciting plan”.
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SolGold resumes exploration in Ecuador
Mining News Pro - Ecuador-focused miner SolGold has restarted its regional exploration program, following a hiatus of activities due to the government restrictions triggered by the covid-19 pandemic.
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BHP-backed SolGold accepts $155m funding from Franco-Nevada
Mining News Pro - SolGold has signed a $US100 million ($155 million) agreement with Franco-Nevada Corp for the Alpala copper-gold project and the Cascabel license in northern Ecuador.
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SolGold scores $150m in funding from Franco Nevad
Mining News Pro - Ecuador-focused miner SolGold has secured up to $150 million from streaming company Franco Nevada, which it will use to develop its Alpala copper-gold project.
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Visit: 773