SolGold shifts to Swiss tax base as it fast-tracks Cascabel

[Ben Graham]

Ecuador-focused SolGold (LON: SOLG) has moved its tax domicile to Switzerland as it pushes its flagship Cascabel copper-gold project into development.

The shift, effective August 28, includes the relocation of chief executive Dan Vujcic to Europe. SolGold delisted from the Toronto Stock Exchange in June, but kept its primary listing in London and is weighing an additional listing as part of its corporate overhaul.

A key element of the restructuring is the consolidation of full ownership of Cascabel under SolGold Finance AG, its Swiss subsidiary. The move brings the project in line with existing royalty and stream agreements, placing 100% ownership under one entity.

“As we advance Cascabel into development, we are not only simplifying and improving our execution plan, but also our corporate structure with the express aim of unlocking substantial value for our shareholders,” Vujcic said.

The executive added that establishing a Swiss base would generate a “sizable uplift to post-tax cash flow over the life of mine,” making the project more financeable and improving its already strong economics.

The shift comes as the company,  backed by some of the biggest names in the industry, including BHP (ASX: BHP) and Newmont (NYSE: NEM), is working on options to to bring Cascabel into production three to four years ahead of schedule. The company sees the mine as a potential multi-generational asset, ranking among the 20 largest copper-gold operations in South America.

The new structure aims to sharpen financial performance, enhance shareholder value through tax efficiency, and attract investors amid geopolitical uncertainty and shifting global supply chains.