Business
Announces Canaccord Genuity Engagement
SolGold plc (LSE: SOLG) announced that Canaccord Genuity will be its corporate broker, supporting shareholder engagement, market visibility, and strategic positioning. A pre-feasibility study (PFS) for the Cascabel Copper-Gold Project, completed at commodity prices of US$1,750/oz gold, US$3.85/lb copper, and US$22.50/oz silver, yielded a US$3.22bn NPV (8% discount rate) with US$1.55bn capex for an initial 12 Mtpa operation. The PFS indicated a 24% after-tax IRR and US$7.1bn in first 10-year free cash flow, based on 539.7 Mt of assessed mineral resources (18% of the total resource). Furthermore, SolGold received US$33.3 million from a gold stream agreement, with an additional US$33.3 million already approved, and expects a further US$650 million contribution upon completion of the feasibility study, permitting and financing. Disclaimer*
About this update from SolGold PLC
[{"type":"text","content":"\n\n19 AUG 2025\n \nSolGold plc\n(\"SolGold\" or the \"Company\")\nAnnounces Canaccord Genuity Engagement\n \n \nSolGold (LSE: SOLG) is pleased to announce the engagement of Canaccord Genuity (\"Canaccord\"), the leading mid-market investment bank in the metals and mining sector, as the Company's corporate broker. The team will be led by James Asensio.\n \nCanaccord will support SolGold in:\n\n\n\n\n• Strengthening engagement with shareholders internationally\n\n\n\n\n• Broadening market visibility\n\n\n\n\n• Providing market intelligence and strategic positioning\n\n\n\n\n \n \nTheir expertise will be valuable as SolGold advances the Cascabel Copper-Gold Project and ExploreCo, and continues to build long-term value for all stakeholders.\n \nCONTACTS\n\n\n\n\nDan Vujcic\nChief Executive Officer\n \n\n\n \nTel: +61 461 304 393\n\n\n\n\nABOUT SOLGOLD\nSolGold 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 in the interests of its shareholders.\nSolGold completed and released a staged development plan, including a Pre-Feasibility Study, on 16 February 2024. The study, completed at US$1,750/oz gold, US$3.85/lb copper, and US$22.50/oz for silver, delivered an NPV (based on a discount rate of 8%) of US$3.22bn on a capex of US$1.55bn for an initial 12 Mtpa underground block caving operation. The evaluation also showed an after-tax IRR of 24% and a first 10-year free cash flow generation of US$7.1bn. The PFS assessed Mineral Resources 539.7 Mt tonnes, which represents only 18% of the total resource over an initial 28-year project life.\nOn 15 July 2024, SolGold announced a gold stream agreement with Franco-Nevada (Barbados) Corporation and OR Royalties International Ltd. (formerly Osisko Bermuda Limited) (the \"Streamers\"), pursuant to which the Streamers would pay US$100 million as pre-development funding in three tranches, conditional upon achieving various technical and permitting milestones. The first US$33.3 million was received upon signing, with a further US$33.3 million approved by the Streamers on 9 July 2025. A further US$650m contribution to development expenditure will be provided on completion of the feasibility study, permitting and financing, ...