8th Apr 2021 19:23
SolGold PLC - Australian gold & copper mining company - Makes "good" progress studying potential of Alpala copper-gold porphyry mine in northern Ecuador, while addressing a number of mine development and metallurgical enhancements. Given the size and geometry of the deposit, the company says it is quite optimistic that the pre-feasibility study will demonstrate that it is amenable to underground caving mining methods. This could result in potentially significant cost savings. SolGold says it is also investigating options that could provide further upside to the value of the project.
Current stock price: 27.40 pence, up 9.4% on Thursday
Year-to-date change: down 15%
By Evelina Grecenko; [email protected]
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