14th Feb 2025 20:06
SolGold PLC - Ecuador-focused exploration company - pretax loss narrows to USD9.5 million in the three months to December 31 from USD14.9 million a year prior. Bottom line benefits from drop in exploration costs write-offs to just USD41,611 from USD8.2 million a year ago. Administrative expenses rise though to USD4.2 million from USD2.6 million.
"SolGold remains focused on advancing Cascabel towards a feasibility study. Key priorities include advancing project de-risking with G Mining Services, progressing the three-stream permitting strategy towards an ESIA, strengthening strategic partnerships, and evaluating additional financing options. The company remains committed to delivering sustainable value for stakeholders," company says in a statement.
Current stock price: 6.80 pence, down 4.6% in London on Friday
12-month change: down 4.0%
By Jeremy Cutler, Alliance News reporter
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