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Tag: SolGold Plc

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SolGold PLC (TSX:SOLG, LSE:SOLG) – Impressive Drill Results at TAM; Additional Drill Rigs Planned

SolGold reported drill results at its 85%-owned Cascabel project in northern Ecuador. The results are from the first seven holes targeting the Tandayama-America (TAM) porphyry copper-gold target, located approximately 3km north of the Alpala deposit. Assays are pending for the remaining three holes, and further drilling is ongoing. This is a positive development for SolGold, as initial drilling at TAM encountered mineralization and could potentially add to the already large resource at Cascabel.

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Red Cloud | redcloudfs.com

Coverage Update

As a result of adding a new analyst, we are transferring coverage of the following companies. As a result of a reallocation of resources, Red Cloud is discontinuing coverage of the following companies.

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Red Cloud | redcloudfs.com

SolGold Plc. (TSX:SOLG, LSE:SOLG) – First Porvenir Assays Confirm Visual Impressions

SolGold released initial assay results from the first drill hole at its 100%-owned Porvenir copper-gold porphyry project in Zamora Chinchipe, southern Ecuador. The results reported thus far are highly encouraging, and in our view, are reminiscent of the early days at Alpala – the company’s flagship project. We believe SolGold continues to prove itself as a top-tier explorer with plenty of upside across its 13 projects in Ecuador.

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Red Cloud | redcloudfs.com

Commodity Price Update – Precious Metals Continue to Run: Updating Top Picks & Metal Prices

Our commodities view from our Mid-Year Outlook continues to hold true with the bull market in gold continuing, silver starting to shine, and the market dislocations in the base metal and uranium space providing investors medium term opportunities. With commodities, currencies and particularly precious metals establishing new levels as the world adjusts to a COVID-19 induced “new-normal”, we are updating the metal price and currency estimates we use to value mining companies, resulting in target price changes. Additionally, considering recent share performance and coverage changes, we are updating our Top Picks, which had performed well since our Mid-Year Outlook (up 25%). We are adding two silver levered names as we expect the next leg up in the gold price to benefit silver as well. In our view, we believe the continued liquidity injections and stimulus needed to help the economy recover from the pandemic should eventually benefit all commodities with precious metals leading the charge.

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