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

FILE PHOTO: BHP Billiton Chief Executive Andrew Mackenzie is silhouetted against a screen projecting the company's logo at a round table meeting with journalists in Tokyo, Japan June 5, 2017. REUTERS/Kim Kyung-Hoon - Copyright Kim Kyung Hoon(Reuters)

By Reuters

Published on 05/09/2018 - 02:34•Updated 07/05/2024 - 09:58

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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.