Scotgold Resources Ltd said it recorded its strongest quarter yet with record production exceeding guidance at its Cononish gold and silver mine, near Tyndrum in Scotland. PRODUCTION In its operations report for the three months ended 30 June 2022, the Australian company showed increased production to 3,531 ounces gold and 18,382 ounces of silver, a […]
Tag: Cononish gold and silver mine – Tyndrum – Scotland
Scotgold receives £2m in second tranche loan
Scotgold Resources Ltd said it had received the second tranche of the new loans of £2.015 million for Cononish gold and silver mine near Tyndrum in Scotland. LOAN The sum is from a loan procurement agreement with Fern Wealth GmbH from a syndicate of high-net-worth investors for up to £3m. Scotgold added it anticipated to […]
Scotgold notes record quarterly production
Scotgold Resources Ltd announced record production for April and May 2022 at its Cononish gold and silver mine, near Tyndrum in Scotland. PRODUCTION Production for the two months amounted to 1,984 oz gold and 10,810 oz silver. The Australian-owned company said it was on course to achieve upper quartile and/or exceed Q2 2022 target of […]
Scotgold signs £3m loan with Fern Wealth
Scotgold Resources Ltd said it had entered into an agreement with Fern Wealth GmbH for up to £3 million to advance the Cononish gold-silver mine near Tyndrum in Scotland. FERN WEALTH The company added that the loan would be from a syndicate of high net worth investors. Fern Wealth is a wealth management company based […]
Scotgold makes second cut and first notable revenues
Scotgold Resources Ltd reported the second cut, allowing access to reserve mine gold grade and greater future revenues, at its Cononish gold-silver mine near Tyndrum in Scotland. FINANCES H2 2021 The company reported the news in its interim results for the six months ended 31 December 2021. Revenues were A$6.4 million (£3.6m) compared with H1 […]
Scotgold to extend Cononish mine life and aim for mid-tier status
Scotgold Resources Ltd recorded an increase in pre-tax losses but aims to develop Cononish mine into an 18-year operation and build a mid-tier mining company in Scotland. FINANCES In its results for the year ended 30 June 2021, the Australian-owned company recorded pre-tax losses of $4,980,942 (June 2020: $2,504,134) with revenue of £299,807. COMPELLING ECONOMICS […]