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Share Price: 9.20

Bid: 9.29

Ask: 9.49

Change: 0.51 (5.87%)

Spread: 0.20 (2.153%)

Open: 8.39

High: 9.36

Low: 8.39

Prev. Close: 8.69

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SolGold operations unaffected by Ecuador earthquake

Mon, 18th Apr 2016 11:17

(ShareCast News) - SolGold worked to assure the market it was left unscathed by a large earthquake in Ecuador on Monday, and promised a sum of money to assist those who were affected.At least 272 people were killed and more than 2,500 injured after a magnitude 7.8 tremor struck the country's coast on Saturday."The board of directors of SolGold expresses its sincere condolences for the tragic loss of life and homes from the earthquake in Ecuador," it said in a statement."SolGold is currently exploring the Cascabel copper-gold porphyry project in Imbabura Province in northern Ecuador," it confirmed.The board advised there had been no disruption of any kind to its activities at Cascabel, and said it would issue an exploration update in due course.It also said it will make a donation to the Ecuador government as a contribution to the earthquake relief effort, and committed to assisting the relief effort "where possible".

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25 Oct 2023 11:54

IN BRIEF: SolGold says talks over Cascabel project continue

SolGold PLC - London-based copper and gold explorer in Ecuador - Says strategic review is advancing following merger with Cornerstone Capital Resources Inc in February, through which it consolidated an 100% interest in the Cascabel copper-gold project in Ecuador. Adds that discussions with "highly credible groups" interested in its assets are ongoing. Says work plans for 2024 have been funded and no additional financing is required in the near-term, after raising USD86 million through an investment by Osisko Gold Royalties Ltd in 2022. Chief Executive Officer Scott Caldwell says he is "disappointed" by the company's current stock price as SolGold is "currently in the strongest position it has ever been". Its shares are down 41% over the past month.

9 Oct 2023 17:22

IN BRIEF: SolGold chair and chief executive increase holdings

SolGold PLC - London-based copper and gold explorer in Ecuador - Chief Executive Scott Caldwell buys 790,000 shares at prices from CAD0.18 to CAD0.21 per share on Friday, worth CAD157,243. Caldwell now holds 19.4 million shares in SolGold, around 0.65% of its issued share capital.

29 Sep 2023 10:46

SolGold swings to loss; needs extra funding to continue long-term

(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations.

20 Jul 2023 14:11

IN BRIEF: SolGold inks deal with Ecuadorian government for Cascabel

SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Reaches agreement with the Ecuadorian government for the right to develop the Cascabel project for copper, gold and silver production via its subsidiary Exploraciones Novomining SA. Says contract is for 33 years, with the right to renew. Agrees to an advance royalty payment of USD75 million, with USD25 million due on the construction start date. Remaining payments due on first and second anniversaries of first payment.

17 Jul 2023 14:15

IN BRIEF: SolGold Cascabel project gets renewed by Ecuador government

SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Receives term renewal of 25 years from the Ecuadorian government for its Cascabel project concession.

6 Jun 2023 19:37

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

15 May 2023 17:26

TRADING UPDATES: FRP Advisory eyes revenue ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

20 Mar 2023 09:49

SolGold interim CEO becomes permanent; appoints new CFO

(Alliance News) - SolGold PLC on Monday announced the appointment of Chris Stackhouse as chief financial officer and Scott Caldwell as chief executive officer.

20 Mar 2023 09:24

SolGold names Scott Caldwell as CEO

(Sharecast News) - Resources company SolGold revealed on Monday that interim chief executive Scott Caldwell will now take on the role on a permanent basis.

24 Feb 2023 14:30

IN BRIEF: SolGold completes acquisition of Cornerstone Capital

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says it has completed the acquisition of Cornerstone Capital Resources Inc. The Cornerstone shares are expected to be delisted from the TSX Venture Exchange after the close of trading on February 28, and will cease trading from the OTC Pink Market and Frankfurt Stock Exchange. Expects SolGold to start trading on the main market of the London Stock Exchange on Monday.

17 Feb 2023 11:47

SolGold expects merger with Cornerstone to close by early March

(Alliance News) - SolGold PLC on Friday said it expects its planned acquisition of Canada's Cornerstone Capital Resources Inc to complete by March 5.

17 Feb 2023 10:08

SMALL-CAP WINNERS & LOSERS: Kingspan shares up on higher 2022 profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

14 Feb 2023 18:31

IN BRIEF: SolGold sees annual loss widen on administrative expenses

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of USD10.7 million in 2022, widened from USD7.4 million in 2021, as administrative expenses jumped 82% to USD7.8 million from USD4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding.

24 Jan 2023 08:59

IN BRIEF: SolGold acquisition of Cornerstone to be paid in shares

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely using SolGold shares, instead of cash, with Cornerstone shareholders receiving 15 shares in SolGold for each of their Cornerstone shares. Under the terms of the deal, entered into in October, SolGold had the option to pay up to 20% of the consideration in cash. The company says it expects to publish the prospectus shortly, with the acquisition to be completed soon afterwards.

23 Dec 2022 12:53

Third of votes cast against election of CEO Caldwell to SolGold board

(Alliance News) - SolGold PLC on Friday noted that, at its annual general meeting on Thursday, 34% of shares cast were against the election of Interim Chief Executive Officer Scott Caldwell to the board of directors, while six other resolutions received less than 70% support.

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