Trade SolGold - SOLG CFD

SolGold Company profile

About SolGold plc

SolGold plc is an Australia-based exploration company. The Company is focused on exploration for copper, gold and other minerals in Ecuador, Solomon Islands and Queensland, Australia. The Company's exploration activities include the Alpala Project, which is located in Imbabura province, Northern Ecuador and has a tenement area of approximately 50 square kilometers. The Regional Exploration Projects is located in Carchi province, Northern Ecuador and has a tenement area of approximately 73 square kilometers. The Blanca Project is located approximately 8-kilometer northeast of SolGold's flagship Alpala Project in Northern Ecuador. The Rio Amarillo Project is located in Imbabura province, Northern Ecuador and has a tenement area of approximately 123 square kilometers. The Helipuerto Project is located in Morana Santiago province, south-eastern Eucador and has a tenement area of approximately 140 square kilometers.

Financial summary

BRIEF: For the six months ended 31 December 2021, SolGold plc revenues was not reported. Net loss applicable to common stockholders increased from $8.8M to $17.8M. Higher net loss reflects Exploration costs written-off increase from $2K to $3.3M (expense), Foreign exchange losses/(gains) increase from $1.9M (income) to $359K (expense), Employment expenses increase from $1.5M to $3.3M (expense).