Solomon Gold
| Public limited company | |
| Traded as | : LSE:TSX SOLG LSE, SOLG |
| Industry |
Copper mining Gold mining |
| Headquarters | Brisbane, Queensland, Australia |
|
Area served
|
Australia Ecuador Solomon Islands |
|
Key people
|
Nicholas Mather (executive director) |
| Website | solgold.com.au |
Nicholas Mather (executive director)
Brian Moller (non-executive director)
John Bovard (non-executive director)
SolGold (formerly Solomon Gold) is an Australian gold and copper mining company which is listed on the Toronto stock exchange and London stock exchange.
SolGold's board and management is made up of professionals who have extensive knowledge in exploration, mine development, investment, finance and law. They hold approximately 15.1% of the company's issued share capital.
The company floated on AIM on 10 February 2006, and currently has projects in Australia, Ecuador and the Solomon Islands.
In December 2009, SolGold announced that it had acquired 100% of the share capital in Acapulco Mining Pty Ltd, giving it access to several projects in Queensland, Australia. It was then announced in July 2009 that SolGold had raised £1.6 million ($19m SBD) to fund additional drilling at the Rannes and Mount Perry projects. The money was raised through the issue of 33.1 million shares, which were sold to private and institutional investors. SolGold's directors collectively bought 7.5 million shares.
In June 2010, SolGold's former CEO, Nicholas Mather, spoke at the 69th Minesite Mining Forum in London, England.
On 23 September 2010, in what raised SolGold's share price by almost 300%, it announced that 157 samples from its project on the Fauro Island had returned 97.6 grams per tonne (g/t) gold, and 90.1g/t silver. The news also gave huge gains to D'Aguilar Gold, a company which trades on the Australian Securities Exchange and owns 35.2 million shares in SolGold.
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Wikipedia