The share prices of SolGold and Cornerstone Capital Resources rose sharply in Canada on Thursday afternoon, following an announcement that the Ecuador mining referendum petition had been dismissed.
TSX-V-listed Cornerstone, which is a partner in the significant Cascabel copper/gold project with Toronto- and London-listed SolGold, said in a statement that the Constitutional Court in Quito had dismissed the petition for a referendum on whether or not to allow the development to proceed.