BHP doubles stake in Ecuador copper miner SolGold
Solgold
7.30p
16:55 12/11/24
-7.59%
-0.60p
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)
2,058.00p
17:15 12/11/24
-1.58%
-33.00p
FTSE 100
8,025.77
17:14 12/11/24
n/a
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FTSE 350
4,434.53
17:09 12/11/24
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FTSE All-Share
4,393.14
16:34 12/11/24
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Mining
10,689.43
17:09 12/11/24
-3.03%
-333.51
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.