SolGold ( (GB:SOLG) ) has provided an update.
SolGold has announced the completion of conditions for a transaction with Jiangxi Copper, involving the sale of 157,141,000 ordinary shares at a premium price, raising over $18 million. This investment strengthens SolGold’s balance sheet, enabling it to advance production plans at Cascabel and explore its portfolio further, with technical support from Jiangxi Copper contributing to cost savings and project timing.
More about SolGold
SolGold is a leading resources company focused on discovering, defining, and developing world-class copper and gold deposits. It is listed on the London Stock Exchange and Toronto Stock Exchange, and is committed to delivering value to shareholders while providing economic and social benefits to impacted communities. SolGold operates with transparency and in accordance with international best practices.
YTD Price Performance: 6.74%
Average Trading Volume: 91,397
Technical Sentiment Signal: Buy
Current Market Cap: $299.4M
See more data about SOLG stock on TipRanks’ Stock Analysis page.