The complementary IPA, inked at the at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto, highlights the scale and importance of the project, SolGold said in the statement.
“[This deal] not only reinforces the protections for our key investment in Ecuador but also symbolizes a deepening of our relationship with the Ecuadorian State,” chief executive Scot Caldwell said.
SolGold released in February a new pre-feasibility study (PFS) for Cascabel in which it managed to slash upfront costs. Pre-production capital used for initial mine development, first process plant module and infrastructure is now estimated at $1.55 billion, compared to $2.75 billion from the PFS issued in April 2022.
According to SolGold, the size of the entire resource indicates the mine’s potential to be a multi-generational mining asset, potentially one of the 20 largest copper-gold mines in South America. Mine…
