Nov 23, 2021 · The world’s largest miner, BHP, (ASX, LON, NYSE: BHP) owns 14. 5% holding in Anglo over recent months, Bloomberg reported on Friday. It focuses on Blanca, Cascabel, La Hueca, and Porvenir projects. In compliance with LR 9. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world's copper resources. L) stock quote, history, news and other vital information to help you with your stock trading and investing. 5% of the company, and the prospects of a takeover are likely to increase once SolGold’s long-delayed pre-feasibility study is complete. Since then, SOLG shares have increased by 25. The Company’s projects include Cascabel, Chical, Rio Solgold Plc Ord 1p is listed on the London Stock Exchange trading with ticker code SOLG. 00b shares in issue. The agreement will give SolGold sole ownership of the Cascabel copper-gold project in Ecuador. The company has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources. We are positioned to support Ecuador’s Find the latest SolGold Plc (SOLG. My personal approach would be to buy at £0. 33 British pence apiece, which would result Oct 26, 2022 · Oct 26, 2022. Over the last year Posted by u/rosscap - 9 votes and 13 comments Feb 8, 2019 · SolGold also reiterated its position on the benefits of the takeover, including removing financing risks to equity value imposed by the current structure of Cornerstone's 15% interest in the Cascabel copper-gold project in Ecuador. The absence of a bidder suggests price expectations from the key stakeholders remain too high. SolGold is holding its annual general meeting In the latest bid, SolGold offered to exchange 11 ordinary shares for each Cornerstone share, a 22% premium over Cornerstone's June 29 closing price on the TSX Venture Exchange. It has a market capitalisation of £309. Nov 15, 2023 · Tel: +44 (0) 20 7920 3150. The Company operates with transparency and in accordance with international best practices. SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders. This was primarily driven by administrative expenses, which more than doubled to The activist hedge fund led by Paul Singer amassed its 2. Municipal taxes, contributions, and social security contributions. The Company is focused on discovering and developing copper and gold deposits. The company is listed on the London and Toronto stock exchanges. Dec 16, 2020 · Cornerstone has clashed repeatedly with SolGold and fought off a hostile takeover approach from the company earlier this year. In announcing the deal, SolGold confirmed the strategic review aimed at securing enough longer-term funding to Oct 25, 2023 · SolGold said its current top priority is to continue advancing its ongoing strategic review, which include the potential sale of Cascabel and/or SolGold’s Ecuadorian exploration portfolio May 12, 2020 · Takeover target SolGold has snubbed its two biggest shareholders and most likely suitors, BHP and Newcrest Mining, by signing up to a high-cost loan that has left the big miners ''concerned'' and Nov 10, 2022 · Chief executive Darryl Cuzzubbo has said so long to SolGold just 48 hours after the troubled mining company unveiled a $US50 million ($77. Oct 16, 2020 · LONDON, UK / ACCESSWIRE / October 16, 2020 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) ("SolGold" or the "Company") wishes to advise that the takeover bid (the "Offer") for all Jun 30, 2020 · SolGold strengthened its takeover defences this year by hiring Citi as an adviser. (“Cornerstone”) (TSXV:CGP; OTC Feb 6, 2023 · Nick Toscano. 7% of the company, and the prospects of a takeover are likely to increase now that the pre-feasibility study is complete, experts Oct 25, 2023 · Company UpdateBISHOPSGATE, LONDON / ACCESSWIRE / October 25, 2023 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide an update regarding the Company's activities and Jun 22, 2020 · SolGold, a prime takeover target due to the potential of its undeveloped project in the South American country, is exploring and assessing 75 regional concessions across 14 provinces in Ecuador. 55 SolGold shares for each their shares, which SolGold said was a 20% premium. This would give SolGold a Feb 24, 2023 · SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says it has completed the acquisition of Cornerstone Capital Resources Inc. SolGold controls Alpala, one of the world’s largest and highest-grade undeveloped copper deposits. The Canadian firm also believes that 2005. Cornerstone’s board of directors rejected the offer citing that it is not in the best interests of the company and its shareholders. SolGold PLC - Ecuador-focused copper and gold exploration company - Says pretax loss widens to USD21. Year-to-date, however, the stock is down more than 18%. SolGold managing director Nick Mather says Newcrest Mining's decision to remove its board representative is a "dog in the manger act" and has signalled that he will resist Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Dec 16, 2020 · Cornerstone has clashed repeatedly with SolGold and fought off a hostile takeover approach from the company earlier this year. 35 per cent, but he is also managing director and a substantial shareholder of ASX-listed DGR Global, which owns 9. Its top shareholder is BHP but under a standstill agreement the Anglo-Australian miner is restricted from buying Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Dec 14, 2023 · ABOUT SOLGOLD. Since 2018, BHP Group's BHP Billiton Holdings Ltd. This comes as the second attempt to takeover Cornerstone which is the minority… Mar 26, 2019 · solgold has not yet commenced the offer noted above in this news release. In London it’s the hottest M&A story in town, with the smart money saying a take-out of Ecuador-focused. The company’s current market capitalization is £243 Feb 4, 2023 · Digging deep: BHP first invested in SolGold in 2018 and has more than doubled its initial stake. 13p. Nov 3, 2021 · BHP owns 13. Strategic Review Process Initiated for Combined Group. A bid could come after publication Nov 14, 2022 · The former SolGold chief executive Nick Mather is one of those enemies; more than 44 per cent of SolGold’s register tried to kick him off the board in December 2020, suggesting the big corporate 3 days ago · SolGold is a leading exploration company focussed on the discovery and definition of world-class copper-gold deposits. OTTAWA, Feb. Company will have to raise cash this year. Given that the statutory minimum tender condition cannot be waived by SolGold, the proposed Hostile Bid is incapable of being completed on the basis Jul 23, 2020 · Jul 23, 2020 – 4. 284 seguidores en LinkedIn. '. That is a 22% premium to Mar 6, 2024 · SolGold’s shares were trading 23. 1Mt Copper 33. GB00B0WD0R35. 6. The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. (Image courtesy of SolGold. Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative SolGold is a leading exploration company focussed on the discovery and definition of world-class copper-gold deposits. Annual conservation fee based on the mining Dec 19, 2016 · Investing in SolGold. BISHOPSGATE, LONDON / ACCESSWIRE / July 18, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) has received notification on 17 July 2024 from Christopher Stackhouse, Chief Financial Officer of the Company · 17 Nov 2020 - Takeover battle for SolGold is 'about to begin' - In London it’s the hottest M&A story in town, with the smart money saying a take-out of Ecuador-focused SolGold is imminent. 16-04-2024. View the best growth stocks for 2024 here. SolGold Plc engages in exploration of copper gold. Takeover battle for SolGold is 'about to begin'. The Companyâ s projects include Cascabel, Chical, Rio Amarillo, Chillanes, Salinas, Cisne Victoria, Coangos, Helipuerto, Cisne Loja, Porvenir and Timbara. 50 at the beginning of the year. He was also the founder and Chairman of TSX-V-listed Waratah Coal Inc until its $130m takeover by Minerology Pty Ltd in December 2008. With a strong presence in Ecuador’s Andean copper belt, we hold extensive concessions and are positioned to support the country’s emergence as the next copper frontier. Jan 24, 2023 · SolGold PLC. SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to Feb 16, 2024 · February 16, 2024. 3 million) royalty financing deal aimed at advancing its Jul 12, 2024 · SolGold PLC is an Australia-based exploration company. The head of the world’s largest gold miner has pitched its $24 billion takeover offer for Australian rival Newcrest as an attractive opportunity for their workers, shareholders and Jul 15, 2020 · The interest in SolGold by top global miners has triggered speculation of a potential takeover in the making. Tenemos la primera ventaja en Ecuador al estar en una sección altamente prospectiva pero poco explorada del Cinturón Andino de Cobre, hogar de múltiples proyectos de cobre y Jul 14, 2020 · The Hostile Bid was formalized by SolGold on June 30, 2020 nearly a year and a half after SolGold announced its intention to make an unsolicited offer to acquire Cornerstone. Apr 20, 2022 · The world’s largest miner, BHP, (ASX, LON, NYSE: BHP) owns 14. SolGold own 85% of ENSA, with 15% owned by Canadian company Cornerstone Capital Resources. au Rufus Gandhi (Company Secretary) +61 (0) 7 3303 0660 Tavistock (SolGold Media) Jun 30, 2020 · The C$140 million ($102m) all-stock offer, SolGold’s second attempt to take over the Ontario-based junior, would see the bidder pay C$3. Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative . Sep 24, 2018 · By November, SolGold will have completed 145,000m of drilling at the already large Cascabel project in Ecuador, with a resource update due for the Alpala deposit then. 1Moz Gold 91. upon commencement of the offer, solgold will file a takeover bid circular with various securities commissions in canada and, if required, with the united states securities and exchange commission. The Board previously Jul 5, 2024 · Takeover target SolGold looking bigger and better Takeover target SolGold's latest drilling results were "encouraging" according to one of Australia's top mineral exploration consultants. As Dec 16, 2020 · Cornerstone has clashed repeatedly with SolGold and fought off a hostile takeover approach from the company earlier this year. has acquired 282,721,826 SolGold shares at at an average cost of about 0. rougepierre. Former SolGold chief executive Darryl Cuzzubbo has lodged a multimillion-dollar unfair dismissal claim against his former employer, the struggling Sep 29, 2023 · SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue 5 days ago · SolGold management continues to review additional funding options for Project development to fully fund the US$1. Together, BHP, Newcrest and Cornerstone own about 35% of SolGold. Jun 30, 2020 · In March 2019, Cornerstone formally rejected a hostile bid by SolGold after shunning it twice. 16 and hold till take-over, which I hope will still be several years away and nearer the £0. New Cascabel pre-feasibility study cuts over $1bn from upfront bill. Labour Profit-Sharing Tax: 15% (12% to the State and 3% to employees for large-scale mining) Value Added Tax: 12%. Lowtrawler. These options may include, but are Jul 15, 2020 · Canada-based Cornerstone Capital Resources has turned down a second takeover offer from Australian gold and copper mining company SolGold. SolGold plc is an emerging copper-gold major focussed on the discovery, definition and development of its copper-gold deposits in Ecuador. 6% in 2022 over 2021, totalling US$2. Show more. SolGold has been doing a merry dance to extricate the Cascabel concession from the clutches of Cornerstone Capital Resources while avoiding takeover itself from shareholders BHP and Newcrest. Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up. Jul 6, 2020 · SolGold PLC has announced a C$140 million (£102 million) hostile takeover bid for Cornerstone Capital Resources Inc. SolGold's board and management is made up of professionals who have extensive knowledge in exploration, mine development, investment, finance Oct 7, 2022 · Ecuador-focused SolGold (LON, TSX: SOLG) is merging with Canada’s Cornerstone Capital Resources (TSX-V: CGP) to secure a 100% ownership of Cascabel copper-gold project in the South American Feb 8, 2019 · solgold has not yet commenced the offer noted above in this news release. FIGI. 8 per cent of SolGold. 5 million from USD21. 4 million. 9 million in the six months to December 30 from USD17. Feb 8, 2019 · SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador. 5% and is now trading at GBX 11. BRISBANE, Australia and OTTAWA, Oct Jul 19, 2020 · SolGold, anteriormente Solomon Gold, es una compañía minera australiana con una cartera diversa de proyectos de exploración en Ecuador, Islas Salomón y Australia. Given our shareholder The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. CGP) dismissed a takeover approach, Who IsSolGold SolGold is an exploration company focused on discovering and developing world-class copper and gold deposits. Consolidates 100% of the Cascabel Project. Updated Dec 1, 2023 · SolGold plc Porvenir Project Update Advancing Exploration Across a Cluster of Porphyry Copper-Gold Targets. Who Is SolGold SolGold is an exploration company focused on discovering and developing world-class copper and gold deposits. Jun 5, 2020 · SolGold is bolstering its defences against a takeover as top miners try to take advantage of the global economic downturn caused by the coronavirus pandemic. The firm is known for stepping in to beaten-down stocks and then pushing companies to take measures ranging from share buybacks to outright sales of the business. Jun 6, 2024 · SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in Nov 8, 2022 · SolGold would then own Cascabel outright and become a more tempting takeover target. Jun 2, 2021 · Canada's Cornerstone, which has also a 15% in the Cascabel concession's holding company ENSA, had twice rejected a takeover offer from London-listed Solgold, in turn urging SolGold's shareholders Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Jul 15, 2020 · The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. CEO Nick Mather gives us more information on SolGold's He was a non-executive director of Ballarat Goldfields NL until 2004, assisting that company in its recapitalisation and requotation on the ASX in 2003. 4 days ago · SolGold's stock was trading at GBX 9. 90 for each Cornerstone share. 3Moz Silver Ecuador The Next Mining Destination The value of Ecuador’s mining exports grew 32. SolGold PLC Announces Publication of 2022 Annual Report. 1, the Company has submitted the Annual Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Jun 2, 2021 · SolGold’s Cascabel copper-gold project, 180 km north of the capital Quito. Oct 10, 2022 · Australian gold mining company SolGold has signed an agreement to buy the remaining shares of the Canada-based Cornerstone Capital Resources. Mining exploration company SolGold (SOLG) has knocked just over $1bn (£790mn) off the upfront cost of its Cascabel copper and gold project in Ecuador as it continues to face an uphill funding struggle. (TSXV:CGP; OTC:CTNXF; FWB:GWN1 Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Solgold Takeover Forum Posts. Cornerstone has a 15% interest in the company's Alpala copper-gold project in Ecuador. 7% of the company, and the prospects of a takeover are likely to increase once SolGold’s long-delayed pre-feasibility study is Nov 17, 2020 · M&A. 5 days ago · SolGold PLC is an Australia-based exploration company. Minería con responsabilidad | Somos una compañía líder de exploración que se enfoca en el descubrimiento y definición de depósitos de cobre y oro de clase mundial. (Credit: SolGold) Canada-based Cornerstone Capital Resources has turned down a second takeover proposal, worth around CAD140m ($103m), from SolGold citing that it is not in the best interests of the company and its shareholders. Sep 29, 2023 · SolGold has not yet generated any revenue, and its operating loss widened to USD38. SolGold’s Total Contained Metal Total consolidated Measured & Indicated Resources for Alpala, Tandayama-America and Cacharposa deposits. 7 Billion after two large-scale mines operated at full capacity, according to the country’s Oct 7, 2022 · SolGold Fawzi Hanano (Head of Investor Relations) investors@solgold. En 2013, la minera adquirió una participación inicial del 20% en la filial de Cornerstone Exploraciones Novomining (ENSA), propietaria del 100% del proyecto Cascabel y el An Opportunity in Ecuador SolGold is an emerging multi-asset major and leading exploration company focused on the discovery, definition, and development of world class copper and gold deposits. The Alpala deposit is the main target in the Cascabel concession, located on the Jan 5, 2021 · SolGold lists Mr Mather's stake in SolGold at 5. Jan 24, 2023 · SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely Jan 31, 2019 · The takeover would see Cornerstone’s investors receive 0. IMV, anything over 20p should be seriously considered and the longer they wait, the lower the potential bid price. ) Paladin Energy aims to crack uranium big league with Canadian takeover. 07% higher in London mid-afternoon to 8. Imagecredit:FinancialReview SOLGOLD'S GOALS: Oct 25, 2023 · To put this in perspective, on average, it would take over 10 full trading days to trade only 1% of SolGold shares (assuming the same shares are not being recycled). 47pm. SolGold notes that Cornerstone's Mar 26, 2019 · solgold has not yet commenced the offer noted above in this news release. BISHOPSGATE, UK / ACCESSWIRE / October 26, 2022 / The Board of Directors of SolGold (LSE:SOLG) (TSX:SOLG) is pleased to announce the release of the Company’s Annual Report for the year ended 30 June 2022. 14. Dec 12, 2023 · Sacked CEO sues SolGold after boardroom stoush. L. In January 2019, SolGold first revealed its plans to acquire Cornerstone Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up. company ENSA. The company was founded by Nicholas Mather on May 11, 2005 and is headquartered in Brisbane, Australia. As Feb 24, 2023 · In connection with the Arrangement, SolGold acquired all of the issued and outsta. Our mission is to contribute to a net-zero future by harnessing Ecuador’s mineral potential. 6 million the year before. SolGold is one of the largest concession holders in Ecuador exploring the length and breadth of this highly prospective section of the Andean copper belt. . 24, 2023 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. Speaking at the Precious Metals Summit in Colorado, Mather said the company was targeting 10 million tonnes of copper and 25 million ounces of gold in the updated resource. ABOUT SOLGOLD. ISIN. SolGold Ecuador | 27. The City rumour mill reckons a takeover of the South American miner could emerge later this year Jul 15, 2020 · The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. 55 billion required for the Cascabel Project. com. Jul 15, 2020 · SolGold and Cornerstone Capital are partners in the Alpala Project in Ecuador. 71m, with approximately 3. 11-06-2024. by Alex Hamer. The Cornerstone shares are expected to be delisted from the TSX Venture Exchange after the close of trading on February 28, and will cease trading from the OTC Pink Market and Jan 31, 2019 · SolGold expects that the Offer, when made, will remain open for acceptance for at least 105 calendar days from the date of mailing of its takeover bid circular. BISHOPSGATE, LONDON/ ACCESSWIRE/ December 1, 2023/ SolGold is pleased to provide an License holders are subject to various taxes, payments, and contributions, including: Income Tax: 25% of profits. 5 mark. BBG000DSMD19. Dec 14, 2023 · BISHOPSGATE, UK / ACCESSWIRE / December 14, 2023 / In connection with the upcoming SolGold (LSE:SOLG)(TSX:SOLG) Annual General Meeting ("AGM"), to be held on 20 December 2023, SolGold would like Oct 7, 2022 · SolGold & Cornerstone Announce Friendly Merger Transaction. 92. BISHOPSGATE, UK / ACCESSWIRE / January 24, 2023 / The Board of Directors of SolGold (LSE:SOLG) (TSX:SOLG) wishes to provide an update on the progress of the previously announced proposed acquisition (the " Acquisition ") of all of the issued and outstanding shares of Cornerstone Capital Resources Inc. lurker, there are certain zealots who will never be convinced 100p is unattainable. wl fv nf bh da oq gn aq fw ew