Miner has unveiled plans to make an all-share offer for Cornerstone Capital Resources, a Canadian firm that has a 15% interest in SolGold’s coveted Cascabel copper-gold project.
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As mining projects face headwinds from rising tensions, investors’ courage will be tested, says Fitch Solutions Macro Research, which could hinder Ecuador’s plan to attract $4 billion to the sector by 2021.
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Company has discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.
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Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company’s second biggest shareholder BHP.
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