The Cascabel copper-gold project in Ecuador. (Image courtesy of SolGold.)
SolGold Plc, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans.
The company’s Cascabel project has long been heralded for its potential of being a major copper-gold mine, drawing investments from BHP Group and Newmont Corp. SolGold’s newest chief executive officer, Dan Vujcic, said Cascabel could be in production as soon as 2028 by starting with open-pit operations instead of just underground.
The accelerated plan would allow the Brisbane-based company to tap into an expected tightening of the copper market as the shift to electrification spurs demand for the wiring metal, when new deposits are getting harder to find and develop. That could be an easier sell to investors at a time of market…
