StockMarketWire.com - SolGold said its business remained unaffected by protests against the government in Ecuador, where it is developing its Cascabel gold project.

SolGold said that an agreement had been reached between the government and indigenous groups for an immediate end to recent protests, following talks brokered by the UN and catholic church.

The government had agreed to immediately restore fuel subsidies that had originally been removed as part of an economic package imposed on 1 October.

'SolGold's operations remain unaffected by the protests,' the company said.

It added that it was on track to deliver a third mineral resource estimate of the Alpala deposit in the fourth quarter of 2019 and a pre-feasibility study in the first quarter of 2019.

'The Cascabel project is a key project in Ecuador's developing mining industry and a critical driver for the future of Ecuador's economy in the view of the Government of Ecuador,' SolGold said.

'SolGold anticipates this significant economic contribution to be replicated on its 12 other projects across the country.'

'SolGold continues to receive full and objective support from the Ecuadorean government.'



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