SolGold (LSE:SOLG) has reported encouraging drilling results from its Tandayama América deposit, part of the larger Cascabel copper-gold project in Ecuador. The results confirm significant near-surface mineralisation, reinforcing the company’s phased development strategy focused on low-capex, near-surface production.
This development is expected to enhance overall project economics by providing early mill feed to Alpala’s processing facilities, accelerating cash flow generation and supporting open-pit evaluation. The findings also help de-risk the broader project plan, offering a potentially value-enhancing opportunity for stakeholders.
Despite these positive operational updates, SolGold continues to face financial headwinds, including ongoing losses and negative cash flows. While recent corporate initiatives and governance improvements offer some upside, the company’s valuation remains weak.
About SolGold
SolGold is a resource exploration and development company focused on discovering and advancing world-class copper and gold deposits. Operating with transparency and international best practices, the company aims to create shareholder value while delivering economic and social benefits to the communities where it operates.
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