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šļø SolGold Agrees to $1.2 Billion Takeover by Top Investor Jiangxi Copper
SolGold plc, a copper and gold miner focused on Ecuadorās Cascabel project, has agreed to be acquired by its largest shareholder Jiangxi Copper in a cash deal worth about Ā£867 million (~$1.17ā1.2 billion), offering SolGold shareholders 28 pence per share ā a roughly 43% premium over the pre-offer price.
ā¢ Deal value: Ā£867 million ($1.17ā1.2 billion) cash takeover by Jiangxi Copper.
ā¢ Premium: ~42.9 % above SolGoldās price before the offer approach.
ā¢ Board support: SolGold directors unanimously recommend the offer; major shareholders including BHP and Newcrest have backing commitments.
ā¢ Project control: Jiangxi gains full control of the Cascabel copper-gold project ā one of the worldās significant undeveloped deposits in Ecuador.
ā¢ Closing target: Expected to complete in Q1 2026, subject to shareholder and court approvals.
This acquisition reflects intense competition for copper and gold assets worldwide, driven by surging demand from electric vehicles and AI infrastructure buildouts, with big miners consolidating strategic projects.
#SolGold #JiangxiCopper #TakeoverDeal #MiningNews #CascabelProject $PAXG
SolGold plc, a copper and gold miner focused on Ecuadorās Cascabel project, has agreed to be acquired by its largest shareholder Jiangxi Copper in a cash deal worth about Ā£867 million (~$1.17ā1.2 billion), offering SolGold shareholders 28 pence per share ā a roughly 43% premium over the pre-offer price.
ā¢ Deal value: Ā£867 million ($1.17ā1.2 billion) cash takeover by Jiangxi Copper.
ā¢ Premium: ~42.9 % above SolGoldās price before the offer approach.
ā¢ Board support: SolGold directors unanimously recommend the offer; major shareholders including BHP and Newcrest have backing commitments.
ā¢ Project control: Jiangxi gains full control of the Cascabel copper-gold project ā one of the worldās significant undeveloped deposits in Ecuador.
ā¢ Closing target: Expected to complete in Q1 2026, subject to shareholder and court approvals.
This acquisition reflects intense competition for copper and gold assets worldwide, driven by surging demand from electric vehicles and AI infrastructure buildouts, with big miners consolidating strategic projects.
#SolGold #JiangxiCopper #TakeoverDeal #MiningNews #CascabelProject $PAXG
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