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Additional information
Additional Information
Market: AIM
Sector: Gold Mining
Epic: SOLG
News: Latest news
Web Site: Solomon Gold
Other Articles: 07-06-201029-04-201028-04-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Solomon Gold

Solomon Gold

Solomon Gold holds several tenement positions in the Solomon Islands, for minerals exploration, focusing on copper and gold rich porphyry systems and high grade epithermal gold mineralisation. In relation to its main tenement holdings on the island of Guadalcanal, the Company enjoys a Joint Venture with Newmont Ventures providing for Newmont to earn a 70% interest by expending US$12m over 5 years. Solomon Gold is the current manager. On 2 December 2009, the Company announced the acquisition of two Queensland (Australia) based gold exploration companies, Acapulco Mining Pty Ltd and Central Minerals Pty Ltd.

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Wednesday, March 10, 2010

Fairfax expects steady newsflow from Solomon Gold after reorganisation and refocusing

In an analyst note on Solomon Gold (AIM: SOLG), London-based stockbroker Fairfax said it is looking forward to steady news flow throughout the next six to twelve months, following the company’s reorganisation and refocusing.  The broker anticipates further growth through the realisation of the value created by the changes of the last year.

Fairfax noted that twelve months ago, Solomon was a junior company focused on the difficult and expensive business of exploring for giant copper-gold porphyry deposits in very challenging terrain. At present, the company was focused on only one project in the Solomon Islands. 

In a 12-month transitional period, Solomon has made major changes to its board of directors, diversified its exploration areas, and signed a JV agreement with Newmont Mining (NYSE: NEM) worth US$12m over 6 years, the broker said.

Now the company has the financial and technical backing of a major gold miner over the Guadalcanal projects in the Solomon Islands, and has acquired assets in Queensland that have been significantly de-risked already through previous drilling and mining, Fairfax said.

At the end of last year, Solomon agreed to acquir Acapulco Mining Pty Ltd with its gold projects over the Mt Perry Goldfield in Queensland and Central Minerals Pty Ltd with its gold projects in central Queensland.

According to the broker, the Solomon board has an increased capability to bring these new assets into production quickly.

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