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SolGold in Ecuador agrees to $1.2 billion takeover by its top investor, China's Jiangxi Copper
By Shashwat Awasthi
Reuters
Wednesday, December 24, 2025
Gold and copper miner SolGold said today it had agreed to be acquired by its largest shareholder, Jiangxi Copper, in a deal valuing it at 867 million pounds ($1.17 billion).
The 28-pence-per-share deal represents an almost 43% premium to Ecuador-focused SolGold's closing price on November 19, the day before Jiangxi first approached the company for a deal.
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SolGold's shares closed marginally higher at 25.65 pence in a holiday-shortened trading session on Wednesday.
The agreement gives Jiangxi control of SolGold's Cascabel project in Ecuador's Imbabura province, as miners race to secure copper supplies amid rising demand driven by electric vehicle and AI infrastructure investments.
The region is home to one of the world's largest undeveloped copper-gold deposits in South America. ...
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