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BHP to buy 6.1 percent stake in Ecuador-focused SolGold for $35.2 million

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BHP to buy 6.1 percent stake in Ecuador-focused SolGold for $35.2 million

BHP to buy 6.1 percent stake in Ecuador-focused SolGold for $35.2 million
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Kim Kyung Hoon(Reuters)
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(Reuters) - Global miner BHP <BHP.AX> said on Wednesday it would buy a 6.1 percent stake in SolGold PLC <SOLG.L>, the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.

BHP will buy 103.1 million SolGold shares from Guyana Goldfields Inc <GUY.TO>, the miner said in a statement to the Australian Stock Exchange.

It will spend about 27.4 million pounds ($35.2 million) for its stake in SolGold.

($1 = 0.7779 pounds)

(Reporting by Aaron Saldanha in Bengaluru; editing by Richard Pullin)

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