DGR Global Cheers SolGold’s Major Financing Milestone

DGR Global Limited (AU:DGR) has released an update.

DGR Global Limited’s 6.6% owned associate, SolGold, has secured a significant US$750 million financing deal, boosting the development of its flagship Cascabel copper-gold project in Ecuador. The funding includes a mix of short-term gold streaming agreements and contributions to project development, which has led to a 19% overnight surge in SolGold’s share price on the London Stock Exchange. The strategic move is expected to minimize equity dilution and confirms the project’s potential amidst rising copper demand and gold’s status as a hedge against global instability.

For further insights into AU:DGR stock, check out TipRanks’ Stock Analysis page.