Solomon Gold
Encyclopedia
Solomon Gold are a publicly traded company listed on the Alternative Investment Market
, which is part of the London Stock Exchange
. Their core focus "is to discover a world class copper and gold mine on the south west Pacific Rim of Fire, in the shadow of some of the world’s largest gold mines."
In June 2010, Solomon Gold's CEO Nicholas Mather spoke at the 69th Minesite Mining Forum in London
, England
.
, including Sutakiki, Mbetilonga, Koloula, Central Guadalcanal and Fauro Island
. They have also acquired projects in Queensland
, Australia
, including Mount Perry
, Rannes
and Normanby; most of which are run by their subsidiaries.
in Acapulco Mining Pty Ltd, giving them access to several projects in Queensland
, Australia
. It was then announced in July 2009 that Solomon Gold had raised £1.6 million ($19m SBD)
to fund additional drilling at the Rannes and Mount Perry projects. The money was raised through the issuing of 33.1 million shares, which were sold to private and institutional investors. Solomon Gold's directors collectively bought 7.5 million shares.
and own 35.2 million shares in Solomon Gold.
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
, which is part of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
. Their core focus "is to discover a world class copper and gold mine on the south west Pacific Rim of Fire, in the shadow of some of the world’s largest gold mines."
In June 2010, Solomon Gold's CEO Nicholas Mather spoke at the 69th Minesite Mining Forum in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
.
Projects
Solomon Gold currently have expanding projects in many areas of the Solomon IslandsSolomon Islands
Solomon Islands is a sovereign state in Oceania, east of Papua New Guinea, consisting of nearly one thousand islands. It covers a land mass of . The capital, Honiara, is located on the island of Guadalcanal...
, including Sutakiki, Mbetilonga, Koloula, Central Guadalcanal and Fauro Island
Fauro Island
Fauro Island is an island, part of the Shortland Islands, Solomon Islands, located at ....
. They have also acquired projects in Queensland
Queensland
Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, including Mount Perry
Mount Perry, Queensland
Mount Perry is a small town in the North Burnett Region in southeastern Queensland, Australia. Mount Perry is about northwest of Brisbane, the capital of Queensland, and about west of Bundaberg. At the 2006 census, Mount Perry and the surrounding area had a population of 431.It is a historically...
, Rannes
Rannes, Queensland
Rannes is a small town in central Queensland, Australia. The town is located in the Banana Shire Local Government Area, between Wowan and Banana on the Leichhardt Highway and the Don River. Although small, Rannes used to be a major railway town which once had 27 pubs.Rannes is primarily a farming...
and Normanby; most of which are run by their subsidiaries.
Australia
In December 2009, Solomon Gold announced that they had acquired 100% of the share capitalShare capital
Share capital or issued capital or capital stock refers to the portion of a company's equity that has been obtained by trading stock to a shareholder for cash or an equivalent item of capital value...
in Acapulco Mining Pty Ltd, giving them access to several projects in Queensland
Queensland
Queensland is a state of Australia, occupying the north-eastern section of the mainland continent. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south respectively. To the east, Queensland is bordered by the Coral Sea and Pacific Ocean...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. It was then announced in July 2009 that Solomon Gold had raised £1.6 million ($19m SBD)
Solomon Islands dollar
The dollar is the currency of the Solomon Islands since 1977. It is normally abbreviated with the dollar sign "$" or, alternatively "SI$" to distinguish it from other dollar-denominated currencies...
to fund additional drilling at the Rannes and Mount Perry projects. The money was raised through the issuing of 33.1 million shares, which were sold to private and institutional investors. Solomon Gold's directors collectively bought 7.5 million shares.
Fauro Island
On September 23, 2010, in what raised Solomon Gold's share price by almost 300%, they announced that 157 samples from their project on the Fauro Island had returned 97.6 grams per Tonne (g/t) gold, and 90.1g/t silver. The news also gave D'Aguilar Gold huge gains, a company who trade on the Australian Securities ExchangeAustralian Securities Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
and own 35.2 million shares in Solomon Gold.