SolGold Plc (SLGGF)
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SolGold Board Backs Jiangxi Copper's Sweetened Takeover Bid
The Chinese state-owned miner has won the support of SolGold's board after making a revised bid that values U.K.-listed company at $1.13 billion
Jiangxi Copper ups its approach for SolGold with 28p-a-share proposal
SolGold PLC (LSE:SOLG, TSX:SOLG, OTC:SLGGF) has confirmed it is warming to a sweetened takeover proposal from Jiangxi Copper, which has lifted its indicative cash offer to 28p a share. At that price, the Ecuador-focused miner is valued at about £842 million.
SolGold PLC Announces Result of AGM
Results of Annual General Meeting BISHOPSGATE, LONDON / ACCESSWIRE / December 5, 2024 / SolGold (LSE:SOLG)(TSX:SOLG) confirms that all resolutions put to shareholders at the Annual General Meeting held on 05 December 2024 in Brisbane, Australia (the "Meeting") were passed via a poll, where the proxy votes received ahead of the meeting were combined with votes cast at the meeting. A breakdown of the poll result for each resolution put to the Meeting is set out below: Resolutions Votes for % (1) Votes against % (1) Withheld (2) Ordinary Resolutions 1.
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SolGold Plc Profile
| Metals & Mining Industry | Materials Sector | Mr. Slobodan Vujcic CEO | OTC PINK Exchange | GB00B0WD0R35 ISIN |
| AU Country | 288 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
SolGold Plc operates in the sphere of mineral exploration and development, with its activities spanning multiple countries including Ecuador, Australia, Chile, and the Solomon Islands. The company, which made its inception in 2005, initially bore the name Solomon Gold plc before rebranding to SolGold plc in May 2012. Based in Brisbane, Australia, SolGold has positioned itself as a significant player in the mining industry by focusing on the discovery and development of valuable mineral properties. Its primary interest lies in unearthing deposits of copper, gold, silver, and molybdenum. Among its notable endeavors is the flagship Cascabel Project, which is situated in the Imbabura province of Northern Ecuador, covering an expanse of approximately 50 square kilometers.
Products and Services
- Copper Exploration and Development:
- Gold Exploration and Development:
- Silver and Molybdenum Exploration:
- Mineral Property Development:
SolGold’s operations include the exploration and development of copper deposits. The company leverages its geological expertise and advanced exploration technologies to identify copper-rich areas, primarily focusing on its flagship Cascabel Project.
Another crucial aspect of SolGold’s business is the exploration for gold. By targeting regions known for their rich gold deposits, particularly within its primary Cascabel Project, the company aims to uncover and develop significant gold resources.
Besides copper and gold, SolGold also explores for silver and molybdenum. The search for these minerals complements its primary focus, diversifying its exploration activities and potential mineral product portfolio.
SolGold is actively involved in the development of the mineral properties it discovers. This includes not only the initial exploration but also the subsequent steps required to bring a mineral property to production, thereby adding value to its projects and for its stakeholders.
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