(Adds SolGold comment, company details)
LONDON/TORONTO, Jan 15 (Reuters) - Copper and gold miner SolGold Plc has launched a process to replace Chief Executive Nick Mather after nearly half of shareholders, including BHP and Newcrest, opposed his reappointment to the board, said an industry source familiar with the matter.
London-listed SolGold is seeking to mend fences with BHP and Newcrest following a dispute over funding for the miner’s mammoth Ecuador copper-gold project.
Nearly half, or 44.7%, of shares eligible to be cast at last month’s annual meeting were voted against reappointing Mather to the board.
The source said the company has started working on a succession plan to repair relations with shareholders. One SolGold shareholder said it was expected the company would announce a succession plan before summer.
SolGold Expects Alpala Pre-Feasibility Study In Late 2021
Fri, 5th Feb 2021 09:18
(Alliance News) -Â SolGold PLC on Friday said its pre-feasibility study for the Alpala project on the Cascabel concession in northern Ecuador is not expected to be published until late 2021 .
Shares in the gold and copper mining company were down 14% at 23.25 pence in London on Friday.
The company s project committee, chaired by Non-Executive Director Keith Marshall, has determined that additional work is needed to address a number of mine development and metallurgical alternatives and potential upsides, including the resource potential on other targets within the Cascabel concession. The committee has identified the key work required and noted that it would be advisable to consider adjusting the current draft mine development plan and the draft mine production plan to de-risk the project with a view to facilitating the expeditious development and optimised capital requirements, SolGold sai
SolGold PLC Announces Alpala Pre-Feasibility Study Update
Alpala Pre-Feasibility Study Update
BISHOPSGATE, LONDON / ACCESSWIRE / February 5, 2021 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) wishes to provide an update regarding progress of the Pre-Feasibility Study ( PFS ) with respect to the Alpala Project ( Project ) on the Cascabel concession in northern Ecuador.
The Project Committee ( Committee ), chaired by Non-Executive Director Keith Marshall, has reviewed the work undertaken to date on the Alpala PFS and provided its recommendation to the Board on the next steps to progress to completion of a revised Alpala PFS covering the entire Cascabel concession.
The Committee has determined that additional work is required to sufficiently address a number of mine development and metallurgical alternatives and potential upsides, including the resource potential on other targets within the Cascabel concession.
Beazley expects to bounce back strongly this year, Syncona’s investment in Achilles could benefit as it considers an IPO, Silence Therapeutics raises funds to help capitalise on current momentum, and energy suppliers like SSE and Centrica rise as Ofgem raises its price cap.