SolGold (OTCPK:SLGG.F) 2025 Conference Transcript

Summary of SolGold Conference Call Company Overview - Company: SolGold (OTCPK:SLGG.F) - Industry: Mining, specifically copper and gold extraction - Location: Ecuador Key Points and Arguments 1. Leadership Transition: Dan Vujic joined as CEO in March 2025, bringing extensive investment banking experience and a focus on revitalizing the company’s strategy and market presence [1][2] 2. Project Quality: The company emphasizes the high quality of its copper-gold asset in Ecuador, which is considered a Tier one project, ranking among the top 10 globally and top 3 in terms of jurisdiction [7][8] 3. Shareholder Support: Significant shareholders include Jiangxi Copper, BHP, and Newmont, which enhances the project's credibility and financial backing [4] 4. Financing Agreements: A $750 million financing agreement was signed with Franco Nevada, primarily for construction purposes, indicating strong financial support for project development [8] 5. Production Timeline: The company aims to accelerate the timeline for production, with hopes to start production at the Tandayama open pit as early as 2028 [18] 6. Infrastructure and Logistics: The project benefits from good infrastructure, including proximity to the capital city and access to water and power, which facilitates easier logistics [6][7] 7. Community Relations: Strong relationships with local communities and the government are highlighted as critical for project success, with a focus on ESG (Environmental, Social, and Governance) initiatives [14][15] 8. Permitting Process: The permitting process is identified as a key driver for project advancement, with positive discussions with the Ministry of Environment in Ecuador regarding expedited permitting [18][30] 9. Drilling Results: Positive drilling results at Tandayama have exceeded expectations, with plans for further drilling to refine the project's economics [21][23] 10. Corporate Structure: The company plans to split its operations between northern and southern concessions, exploring various structures for the southern part, including potential joint ventures [24][25] 11. Valuation Concerns: The company believes it is undervalued compared to peers, with efforts underway to bridge this valuation gap through improved project visibility and execution [26][27] Additional Important Content - Execution Focus: The company is prioritizing execution alongside completing a feasibility study, indicating a proactive approach to project development [13][17] - Early Production Strategy: An early production strategy at Tandayama has been launched, with a focus on generating cash flow sooner [27][28] - Funding Discussions: Ongoing discussions with project finance providers and export credit agencies are aimed at securing additional funding to complement existing agreements [29][30] - Catalysts for Growth: Upcoming catalysts include continued positive drilling results, early works execution, and the anticipated receipt of the CEPA investment protection agreement [28][30]