BHP to acquire 6.1 per cent stake in SolGold

Company News

by Anna Napoli

BHP (ASX:BHP) has inked a deal with Guyana Goldfields to acquire a 6.1 per cent stake in SolGold, the majority owner and operator of the Cascabel copper-gold project in Equador.

BHP CEO Andrew Mackenzie says the investment will give BHP exposure to a high quality copper exploration project in Equador which is a highly prospective location for BHP.

Under the agreement BHP will acquire 103.1 million shares in SolGold.

The purchase price is 26.592 pence per SolGold share.

Shares in BHP (ASX:BHP) 1.45 per cent lower at $32.60.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.