Jiangxi Copper Expands Stake in SolGold with New Acquisition

An announcement from Jiangxi Copper Company ( (HK:0358) ) is now available.

Jiangxi Copper Company Limited has announced that its wholly-owned subsidiary, Jiangxi Copper (Hong Kong) Investment Company Limited, has acquired approximately 5.24% equity interest in SolGold Plc, a company listed on the London and Toronto Stock Exchanges. The acquisition involves purchasing 157,141,000 shares from SolGold Canada Inc. for a total consideration of approximately US$18.07 million. This transaction increases Jiangxi Copper’s stake in SolGold to 12.19%, potentially strengthening its strategic position in the mining sector.

More about Jiangxi Copper Company

Jiangxi Copper Company Limited is a major player in the mining and metals industry, primarily focusing on the production and sale of copper and other non-ferrous metals. The company is known for its extensive operations in the copper industry, which include mining, smelting, and processing activities.

YTD Price Performance: 5.56%

Average Trading Volume: 1,293

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $8.58B

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