SolGold secures $750m gold stream funding for Cascabel

Exploration and development company SolGold has finalised a substantial funding package totalling $750-million for its Cascabel project, in Ecuador. The funding marks a milestone for advancing the copper and gold project to a final investment decision (FID).

The financing includes a syndicated gold stream agreement with Franco-Nevada and Osisko Bermuda. Under this agreement, SolGold will receive $750-million in project advancement funding and a portion of development funding. In return, Franco-Nevada and Osisko will receive a share of the gold produced from Cascabel.