The Cascabel copper-gold project in Ecuador. (Image courtesy of SolGold.)
Ecuador-focused SolGold (LON, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange, effective at the close of trading on June 18.
The miner will maintain its listing on the London Stock Exchange while it also considers a secondary listing in the Australian Stock Exchange.
Originally founded in Australia and now headquartered in London, SolGold recently appointed Dan Vujcic as its new chief executive. The former investment banker at Morgan Stanley and Citigroup, and most recently CFO of MAC Copper (ASX: MAC), called the ASX a “natural home” for the company’s copper and gold portfolio in an interview with MINING.COM earlier this year.
The firm, backed by some of the biggest names in the industry, including BHP (ASX: BHP) and Newmont (NYSE: NEM), is advancing plans to accelerate development at its flagship Cascabel copper-gold project in northern Ecuador. It’s among to begin production as early as 2028, three to four years ahead of the previous timeline.
The updated strategy would start with open-pit mining before moving underground.
SolGold believes the scale of Cascabel positions it as a potential multi-generational asset, with the size to rank among the 20 largest copper-gold mines in South America.
Strategic overhaul
The accelerated plan is part of a broader realignment that includes the creation of a subsidiary to hold SolGold’s exploration assets. The company said there are 89 licenses across more than 3,000 km² of highly prospective copper-gold targets.
The move comes as the global copper market tightens, with demand rising due to the metal’s critical role in electrification and new discoveries becoming increasingly scarce.
SolGold expects the structural shift and accelerated development timeline will better position it with investors, especially amid rising geopolitical uncertainty and tariff-driven shifts in global supply chains.
