Dec 17 (Reuters) - Gold and copper miner Solgold Plc’s chief executive Nick Mather was handed a strong rebuke on Thursday, with nearly half of the company’s shareholders voting against his reappointment to the miner’s board.
Solgold, backed by BHP and Newcrest , has sparred with two of its largest shareholders over funding for its mammoth Ecuador copper-gold project.
Solgold said in a release that 44.7% of investors voted against reappointing Mather as director at Thursday’s annual meeting.
The Ecuador-focused company agreed in May a financing package of up to $150 million and a $15 million bridge loan for its Alpala project with streaming company Franco-Nevada , defying Newcrest, which had urged it to raise funds via equity.
Solgold did not immediately respond to a request for comment.
Reporting by Jeff Lewis; Editing by Kirsten Donovan