Proactiveinvestors recommends
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: SOLG
Latest Price: 10.00p  (-4.76% Descending)
52-week High: 34.50p
52-week Low: 7.38p
Market Cap: 28.46M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Solomon Gold
www.solomongold.com

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.

Full Solomon Gold profile here
Pdf

Solomon Gold director John Bovard buys 300,000 company shares

31st Mar 2010, 2:36 pm Solomon Gold director John Bovard buys 300,000 company shares

Solomon Gold (AIM: SOLG) said one of the company’s non-executive directors, John Bovard,  has taken a stake in the company. The director bought 300,000 Solomon Gold shares at a price of 7.5p per share, on 30th March 2010.

The transaction represents Bovard's entire shareholding, and he owns approximately 0.16% of the company's issued share capital.

Primarily Solomon Gold’s core focus is on copper and gold exploration on the south-west Pacific Rim of Fire.

The company has undergone a transitional phase over the past year, which has included board changes, a diversification of exploration areas and the agreement of a significant joint venture with Newmont Mining Corp (NYSE: NEM) in relation to the company’s gold exploration project on Guadalcanal, Solomon Islands.

Last week, in the company’s interim results, Solomon said the Newmont joint venture is now moving forward at a faster pace than expected.

In late 2009, the company finalized terms for the acquisition of Acapulco Mining, which holds extensive tenements over a large project area in and around Mt Perry and which sits only 15 km (kilometres) from Lihir Gold's Mt Rawdon mine with a 1 million oz resource producing 100,000 oz pa (ounces per annum) of gold in Queensland. The second acquisition of the year was for Central Minerals, which holds exploration licences covering a huge area along the eastern edge of the Bowen Basin in Central Queensland.

Both Queensland projects acquired are 100% owned and operated by Solomon Gold, which has set out a six month exploration plan and budget for the assets with the intention of defining a resource and bringing it into production as soon as practicable.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.