Business
Annual Financial Report
Annual Financial Report.
About this update from SolGold PLC
[{"type":"text","content":"\n\n\n25 September 2025\n \nSolGold plc\n(\"SolGold\" or the \"Company\")\nDelivers Transformational Progress in 2025 &\nBuilds Momentum into 2026\n \nThe Board of Directors of SolGold (LSE: SOLG) is pleased to report a year of transformational progress, highlighted by a US$750 million stream financing, the acceleration of the Cascabel Feasibility Study, the completion of the Project Execution Plan, and the establishment of the ExploreCo strategy. Since year-end, the Company has drawn the second tranche of stream funding and advanced early works planning, rapidly building on the foundation established in the previous fiscal year.\nThe Company ended fiscal 2025 with a cash balance of US$11.8 million, and has since strengthened its position with a further US$33.3 million drawdown under the Franco-Nevada (Barbados) Corporation and OR Royalties International Ltd. (formerly Osisko Bermuda Limited) stream agreement (\"Stream Agreement\").1\nThe Annual Report and Accounts for the year ended 30 June 2025 are available on the Company's website at www.solgold.com.\n2025 Highlights\n· US$750 million Stream Financing: Closed Stream Agreement, securing pre-construction and partial construction funding (subject to conditions) while preserving all copper and silver, and a large majority of gold upside.1\n· Cascabel Development: G Mining Services advanced the Feasibility Study, Early Works and Project Execution Plan, prioritising early open-pit production at Tandayama-América to accelerate first cash flow and de-risking the pathway to near-term cash flow and Alpala's long-life underground mine.2\n· ExploreCo Strategy: Announced the strategy to launch a separate exploration entity to unlock hidden value from SolGold's regional concessions; considered some of the most prospective properties globally, anchored by Porvenir.3\n· Porvenir Licence Secured: Environmental licence approved, enabling advanced technical studies, additional drilling, and a Preliminary Economic Assessment.4\n· Strategic Investment: Jiangxi Copper increased its stake to 12.2% with a US$18.1m investment at a 45% premium.5\n· Leadership Reset: Reset Board and Management with th...