SolGold Share Price
The SolGold share price (LON:SOLG) is down by 2.92% on Friday, as the emerging copper-gold major looks set to close in the red for the fifth week in a row. Over the past month the SolGold share price gave away 6.67%, now trading at 26.6p per share. Investors may be concerned over the recent trajectory, while others may be excited by the possibility of buying the dip. The hierarchy at SolGold remains optimistic about the near-term outlook of the company.
Outlook
SolGold is confident it will put forward strong results for the remainder of the current year.
The current quarter will see increased active exploration activity at SolGold’s regional exploration projects with preparations advancing for the commencement of drilling at the Rio Amarillo and Sharug projects, SolGold said in its recent update, while drilling at the Porvenir and Blanca projects is currently underway.
About SolGold
SolGold is a leading resources company focussed on the discovery, definition and development of copper and gold deposits. The London-listed company, with 76 concessions covering approximately 3,100km², is the largest and most active concession holder in Ecuador and is aggressively exploring the length and breadth of this highly prospective and gold-rich section of the Andean Copper Belt which is currently responsible for c40% of global mined copper production.
SolGold employs a staff of over 800 employees of whom 98% are Ecuadorean.