Metals & Minerals News

Chesterfield trebles cash reserves

Chesterfield Resources plc reported that its cash position trebled last year while pre-tax losses rose for its copper-gold-zinc-silver assets in Cyprus. In its annual report and financial statement for the year ended 31 December 2020, the group reported cash of £2,438,856 (2019: £748,596) with pre-tax losses of £871,261 (£536,121). In June 2020, the group added […]

Metals & Minerals News

Scotgold offers £2m director loan as losses rise at Cononish

Scotgold Resources Ltd said that some of its directors will provide a short-term loan of up to £2 million as the group reported mounting losses at Cononish, near Tyndrum in Scotland. Scotgold also announced that the mine’s processing plant had operated throughout April 2021, and that the first shipment of concentrate product was expected during […]