SolGold moves tax base to Switzerland
London-listed SolGold said on Monday that it was shifting its tax domicile to Switzerland as the company advanced its flagship Cascabel copper/gold project in Ecuador into development.
The move, effective August 28, would see CEO Dan Vujcic relocate to Europe, the company said in a statement. SolGold would maintain its primary listing on the London Stock Exchange and was still considering an additional listing as part of its corporate evolution.
The company also confirmed that full ownership of Cascabel had been consolidated under its Swiss subsidiary, SolGold Finance AG. The structure aligned the project with previously completed royalty and stream agreements, bringing 100% ownership under one entity.
“As we advance Cascabel into development, we are not only simplifying and improving our execution plan, but also our corporate structure with the express aim of unlocking substantial value for our shareholders,” Vujcic said.
“Establishing our base in Switzerland creates a sizable uplift to post-tax cash flow over the life-of-mine of the asset, enhancing the financeability and overall economics of what is already a high-return proposition, one that I continue to believe is significantly undervalued compared to peers and precedents. I'm focused on catalysts to rectify this.”
SolGold, which absorbed Cornerstone Capital Resources in 2023, has been positioning Cascabel as a world-class copper/gold deposit.
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
Flatproofing tire technology engineered to perform in extreme mining environments.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
