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Epic & Msn data
Epic SOLG
Time: 12:32:59
Mid Price: 6.75
Change Today: -0.13 Descending
Change % Today: -1.82 Descending
Fifty Two Week High: 14.25
Fifty Two Week Low: 4.75
Market Capital: 7.18
Period & price data
Period Price
Now: 6.75
3 Months ago: 7.88
6 Months ago:
1 Year ago: 6.75
Additional information
Additional Information
Market: AIM
Sector: Gold Mining
Epic: SOLG
News: Latest news
Web Site: Solomon Gold
Other Articles: 02-12-200930-11-200909-11-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Tuesday February 09, 11:07Randgold Resources remains focused on 1 million ounce production target

Speaking to assembled analysts in London, Randgold Resources CEO, Mark Bristow, told of a ‘great year' for his company, albeit also a challenging one, but one which would position it well for the years ahead

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Solomon Gold

Solomon Gold

Solomon Gold holds some of the most prospective virgin pacific rim territory available and prospective for giant copper gold deposits. With well established local relationships and operational capabilities, Solomon will be the manager of Newmont's planned $12m USD five year earn-in. Newmont's acclaimed expertise in gold exploration and mining should significantly derisk technical and funding elements. The SW Pacific rim already hosts Batu Hijau, OK tedi, Bougainville, and Lihir. Detailed programs in the heavily mineralised Koloula and Kuma valleys and the classic porphyry target at Chupukama, will commence in March, prior to drilling later in the year. The Guadalcanal project forms the core for more extensive SW Pacific project growth planned for the Solomon Gold portfolio.
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Tuesday, June 23, 2009

Solomon Gold to raise £800,000 to help progress projects outside Newmont JV remit

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Solomon Gold PLC (AIM: SOLG) said it is planning to raise £800,000 through a placing of 10 million shares at 8 pence each and will use the money for working capital purposes and to progress the project areas outside the tenements which are the subject of the March 2009 joint venture agreement with a subsidiary of Newmont Mining Corp (NYSE:NEM).

The company said it has already entered agreements for placing the shares which are to be admitted by July 27.

Solomon Gold's main project continues to be the Guadalcanal venture with Newmont Ventures Ltd, exploring for giant copper gold ore bodies on the main island of Solomon Islands, Guadalcanal.

The joint venture will see Newmont earn up to a 51 percent interest in five licences by expending US$6 million over 3 years for the Stage 1 earn-in. Assuming Newmont completes its obligations and elects to take the 51 percent interest, it will then have an option to expend a further US$6 million over a further 2 year period to increase its interest to 70 percent.

Solomon Gold continues to hold a 100 percent interest in the gold project exploration licence on Fauro Island near Bougainville, and nickel exploration tenements on Ngella Island in the Florida island group north of Honiara, and on eastern Guadalcanal.

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