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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  SolGold plc    SOLG   GB00B0WD0R35

SOLGOLD PLC

(SOLG)
  Report  
Delayed Quote. Delayed London Stock Exchange - 10/18 11:35:20 am
22 GBp   -0.68%
10/15SOLGOLD : Deal reached in Ecuador
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10/10SOLGOLD : Response to Share Price Activity
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10/10SOLGOLD : Grant of Share Options
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SolGold : Response to Share Price Activity

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10/10/2019 | 09:26am EDT

10 October 2019

SolGold

(SolGold' or the 'Company')

Response to Share Price Activity

Following recent media reports regarding protests in Ecuador the Board of SolGold wishes to inform shareholders that the Company's operations remain unaffected. The safety and security of SolGold employees is of paramount importance, and the Company has taken all necessary precautions and actions to ensure this is maintained.

The protests were sparked by President Moreno's announcement of an economic package on 1 October 2019 which included the removal of fuel subsidies, in order to meet International Monetary Fund commitments. SolGold understands that the government has initiated discussions with some groups and progress has been made. It is expected that the protests may continue in the short term, however SolGold has every confidence that the Government with the support of Ecuadorean institutions, will be able to adequately address the situation and restore order in the near term.

The Company remains on track to deliver a third Mineral Resource Estimate of the Alpala Deposit in Q4 2019 and Pre-Feasibility Study in Q1 2020, and does not expect these to be impacted by the current disruptions.

The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy in the view of the government. SolGold continues to receive full and objective support from the Ecuadorean government.

SolGold is committed to building an integrated explorer, appraiser and miner in the copper and gold industry in Ecuador, and enjoys the support of its major shareholders, including Newcrest and BHP. SolGold is committed to the country's economic development, provides employment and conducts responsible mining in line with local and international laws and standards.

-Ends-

Disclaimer

SolGold plc published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 13:25:01 UTC

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Financials (GBP)
Sales 2020 -
EBIT 2020 -12,4 M
Net income 2020 -8,03 M
Finance 2020 47,5 M
Yield 2020 -
P/E ratio 2020 -55,0x
P/E ratio 2021 -55,0x
EV / Sales2020 infx
EV / Sales2021 infx
Capitalization 406 M
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Technical analysis trends SOLGOLD PLC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 73,60  GBp
Last Close Price 22,00  GBp
Spread / Highest target 386%
Spread / Average Target 235%
Spread / Lowest Target 86,4%
EPS Revisions
Managers
NameTitle
Nicholas Mather Chief Executive Officer & Executive Director
Brian Gerry Moller Chairman
Priyanka Sampath Jayasuriya Chief Financial Officer
Benn Whistler Manager-Technical Services
Robert Maurice Weinberg Senior Independent Non-Executive Director
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