SolGold (GB:SOLG) has released an update.
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SolGold announces the signing of the Exploitation Contract for its flagship Cascabel copper-gold project in Ecuador, marking a significant step in the project’s development after years of exploration and negotiation. The contract guarantees the Ecuadorian government at least a 50% share of the project’s cumulative benefits and grants SolGold the rights to mine for 33 years, with provisions for investor autonomy and protection. This agreement is set to bring substantial economic benefits to Ecuador, including job creation and sustainable growth, while positioning SolGold as a major player in the mining sector.
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