Slaughter and May is advising Newmont Corporation on the recommended acquisition of SolGold plc

Slaughter and May is advising Newmont Corporation ("Newmont”), a significant shareholder in SolGold plc (“SolGold”), in respect of the recommended acquisition by Jiangxi Copper Company Limited of the entire issued and to be issued ordinary share capital of SolGold to be effected by means of a court-sanctioned scheme of arrangement (the “Scheme”) which was announced on 24 December 2025.

The cash offer values SolGold at approximately £867 million and represents a premium of approximately 42.9% to SolGold’s closing price prior to the start of the offer period, and a 136.4% premium on a 12 month VWAP basis. 

SolGold is a leading mineral exploration and development company, focused on the discovery, definition and development of world-class copper and gold deposits. Newmont, a c.10.3% shareholder in SolGold, has provided an irrevocable undertaking (subject to certain conditions) to vote in favour of the Scheme. 

Slaughter and May is working closely with Newmont’s in-house legal team led by Joy Chen.