Red Canyon drilling confirms Kendal copper-moly discovery in British Columbia
Red Canyon acquired the Kendal project in 2022 as part of its focus on copper porphyry systems within North America’s top copper districts.
Click here for more in-depth coverage of the Solgold AGM at The Northern Miner
Gold and copper miner Solgold Plc’s chief executive Nick Mather was handed a strong rebuke on Thursday, with nearly half of votes cast against his reappointment to the miner’s board at its annual shareholder meeting.
Solgold, backed by BHP and Newcrest , has sparred with two of its largest shareholders over funding for its mammoth Ecuador copper-gold project.
Nearly half, or 44.7%, of shares eligible to be cast at Thursday’s annual meeting were voted against reappointing Mather to the board, a company filing showed.
The Ecuador-focused company agreed in May a financing package of up to $150 million and a $15 million bridge loan for its Alpala project with streaming company Franco-Nevada , defying Newcrest, which had urged it to raise funds via equity.
Solgold did not immediately respond to a request for comment.
Shareholder Cornerstone Capital Resources Inc, which owns a 7.5% stake, called in July for a complete overhaul of the miner’s board, a move Mather had called “unnecessarily destablising.”
(By Jeff Lewis; Editing by Richard Pullin)
Comments