SolGold plc is an emerging copper-gold major focussed on the discovery, definition and development of its copper-gold deposits in Ecuador. The company is listed on the London stock exchange.
SolGold's board and management is made up of professionals who have extensive knowledge in exploration, mine development, investment, finance and law. They hold approximately 15% of the company's issued share capital.
The company floated on 10 February 2006, and is focussed on the development of its projects in Ecuador.
History
In December 2009, SolGold announced that it had acquired 100% of the share capital in Acapulco Mining Pty Ltd, giving it access to several projects in Queensland, Australia. It was then announced in July 2009 that SolGold had raised £1.6 million ($19m SBD) to fund additional drilling at the Rannes and Mount Perry projects. The money was raised through the issue of 33.1 million shares, which were sold to private and institutional investors. SolGold's directors collectively bought 7.5 million shares.
In June 2010, SolGold's former CEO, Nicholas Mather, spoke at the 69th Minesite Mining Forum in London, England.[1]