SolGold says several groups interested in Cascabel
Exploration and development company SolGold is in discussions with several “highly credible” groups interested in the Cascabel copper project, in Ecuador, the LSE- and TSX-listed company reported on Tuesday.
There are more than 20 active confidentiality agreements in place and more than five groups have already completed site visits, with a number of follow-up visits being scheduled.
“Cascabel is undeniably recognised as a significant strategic asset with a high-quality resource. I firmly believe Cascabel will one day become a multigenerational mine and a substantial contributor to the Ecuadorian economy,” said CEO and president Scott Caldwell.
“External groups evaluating the project are being very diligent in their review as they progress through various stages in their internal processes. In parallel, we continue to advance and derisk Cascabel to position it as a turnkey asset,” he said.
Caldwell reported that, since his appointment, he had implemented a “hard reset” for the organisation.
The company’s headcount has reduced by about 70% since the 2022 financial year, with 282 people employed by September this year.
Caldwell also relocated to Ecuador to lead operations in the country.
“Since being appointed to a leadership role at SolGold, we have made tremendous progress to ensure a strong balance sheet, improve our operational focus and advance the strategic review,” he said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation