https://www.miningweekly.com
Copper|Exploration|Financial|PROJECT|Operations
Copper|Exploration|Financial|PROJECT|Operations
copper|exploration|financial|project|operations

SolGold says several groups interested in Cascabel

25th October 2023

By: Creamer Media Reporter

     

Font size: - +

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.

Edited by Creamer Media Reporter

Comments

Showroom

Alco-Safe
Alco-Safe

Lion Alcoblow ® - High speed breathalyser

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

On-The-Air (17/05/2024)
On-The-Air (17/05/2024)
17th May 2024 By: Martin Creamer
Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.685 0.733s - 313pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: