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SolGold PLC on Monday said it received an environmental licence for an advanced exploration phase at the Porvenir project in southern Ecuador’s Zamora Chinchipe province. The licence covers all four Porvenir project concessions, totalling 5,261 hectares. The Ecuador-focused exploration company said the licence, which was issued by Ecuador’s Ministry of Environment, Water & Ecological Transition, authorises SolGold to undertake a comprehensive suite of advanced-stage exploration activities. These include diamond drilling, trenching, geotechnical investigations, hydrogeological and metallurgical studies, among others. Chief Executive Officer Dan Vujcic said: ‘This licence allows us to advance Porvenir, the cornerstone asset of ExploreCo, into its next phase with momentum. The company has an exciting portfolio of tenements in the southern part of the country, a region which consists of top-tier success stories, namely Fruta de Norte and Mirador. We’re excited to build on the solid geological foundation already demonstrated at Cacharposa and take a technically driven look at how best to achieve its significant potential and to see its value acknowledged in our share price. Over the coming weeks, site visits will be conducted, allowing us to fully evaluate all options and the optimum path forward. The strong support of our Ecuadorian team and local communities has made this possible, and we’re ready to move forward.’ SolGold shares rose 2.4% to 7.32 pence each on Monday afternoon in London, giving it a market capitalisation of £218.8 million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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