BHP-Backed SolGold Turns to Speedier Mine Plan to Woo Investors
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.
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