SolGold to develop Alpala copper mine solo amid BHP, Newcrest interest - CEO Mather

SolGold chief executive officer Nick Mather says the company is prepared to go solo in developing its Alpala project into one of the world's major new copper mines but is happy to have larger players BHP and Newcrest along for the ride.

The Ecuador-focused miner is set to have a busy 2020, with the intention to publish full feasibility studies on Alpala, a project in the Andes Mountains with an intended initial production of 207,000 tonnes per year of copper in high-purity 28.2% copper grade concentrate.
At a time when greenfield copper mines are thin on the ground, drill results from Alpala and the surrounding Cascabel concession have been enough to attract interest from Newcrest, which owns a 14.2% stake, and BHP with 14.7%.

SolGold workers examine drill core results.
But Mather says SolGold's current trajectory and ownership mean the company can sustainably finance itself for the foreseeable future.

"It's our aim...


Archie Hunter

January 21, 2020

16:05 GMT