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LONDON - Mining company SolGold plc (LSE:SOLG) announced Tuesday it has appointed Canaccord Genuity as its corporate broker, with James Asensio leading the team.
According to the company’s statement, Canaccord will support SolGold in strengthening engagement with shareholders internationally, broadening market visibility, and providing market intelligence and strategic positioning.
The company is currently advancing its Cascabel Copper-Gold Project, which completed a Pre-Feasibility Study in February 2024. That study, based on gold at $1,750/oz, copper at $3.85/lb, and silver at $22.50/oz, showed a net present value of $3.22 billion on a capital expenditure of $1.55 billion for an initial 12 million tonnes per annum underground block caving operation.
The Pre-Feasibility Study indicated an after-tax internal rate of return of 24% and projected $7.1 billion in free cash flow during the first 10 years of operation.
In July 2024, SolGold announced a gold stream agreement with Franco-Nevada and OR Royalties International, receiving the first $33.3 million tranche upon signing, with a second $33.3 million tranche approved in July 2025. The agreement provides for a total of $100 million in pre-development funding and an additional $650 million contribution to development expenditure upon completion of certain milestones.
SolGold appointed G Mining Services as Project Manager for the Feasibility Study in October 2024.
The information in this article is based on a press release statement from SolGold.
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