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Financing key for SolGold's aim to become a copper giant

Nick Mather, CEO of SolGold, spoke with Mining Journal in an exclusive interview about the company’s plans to develop the huge Alpala copper-gold deposit at its Cascabel project in Ecuador. Mather has a vision for SolGold to grow into a copper giant, emulating the growth of Australia’s Fortescue Metals Group. It has the property package in Ecuador to do so, but its main hurdle will be financing the US$2.7 billion Alpala deposit into production, without massive dilution of existing shareholders.

Mather discusses the financing plans, possible tensions with 13.57% shareholder Newcrest Mining, its bid to acquire Cornerstone Capital Resources for its 15% stake in Cascabel, work on the Alpala pre-feasibility study, generating shareholder value, ESG aspects and regional exploration.