BHP doubles stake in Ecuador copper miner SolGold
Solgold
8.76p
16:40 28/06/24
-0.57%
-0.05p
BHP on Tuesday said it had spent £45.6m to lift its stake in SolGold, which owns the Cascabel copper-gold project in Ecuador.
BHP Group Limited NPV (DI)
2,263.00p
17:15 28/06/24
0.98%
22.00p
FTSE 100
8,164.12
17:10 28/06/24
n/a
n/a
FTSE 350
4,495.85
17:14 28/06/24
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FTSE All-Share
4,451.92
16:54 28/06/24
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Mining
10,379.34
17:14 28/06/24
-0.22%
-22.64
The mining giant took an initial 6% stake in SolGold six weeks ago and now has 11.2%.
Under the deal, BHP will buy 100m new shares in the company at 45p a 32% premium to the stock's 20 day average weighted closing price.