SolGold PLC signed an Exploitation Contract for its Cascabel copper-gold project in Ecuador, setting legal and financial terms for development.
SolGold PLC signed an Exploitation Contract (EC) for its Cascabel copper-gold project in Ecuador, following successful negotiations and government approval. The EC sets legal and financial terms for the project's development, with the Ecuadorian government receiving at least 50% of cumulative discounted benefits from the project. The initial development phase costs $1.55bn, targeting 12 million tonnes production yearly, with a 28-year mine life.
June 06, 2024
3 Articles