BHP doubles stake in Ecuador copper miner SolGold
Solgold
9.11p
16:35 25/04/24
4.47%
0.39p
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)
2,311.00p
16:44 25/04/24
-2.24%
-53.00p
FTSE 100
8,078.86
17:14 25/04/24
n/a
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FTSE 350
4,434.34
17:09 25/04/24
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FTSE All-Share
4,387.94
16:49 25/04/24
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Mining
10,403.74
17:09 25/04/24
-1.11%
-116.53
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.