Scotgold Resources Ltd today said that Covid-19 continued to thwart developments at the Cononish gold and silver mine in Scotland. The filter press issues announced in February have continued through most of March and hampered production, although progress has been made in recent days to resolving these issues. The company said that, once resolved and […]
Tag: Scotgold Resources Ltd
Scotgold Resources raises £1.5m through placing
Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.
Scotgold lowers output guidance as it mulls Covid loan
Scotgold Resources Ltd slightly lowered its production guidance for March due to slow recruitment and training as the junior miner said it was considering a Covid-19 government loan. The Australian company said that the delay to production had resulted in a negative impact on the company’s cash position. Scotgold reported it had made some progress […]
Scotgold appoints Phillip Day as new chief executive
Scotgold Resources Ltd announced that Phillip Day (formerly Phillip Edward Day-Banner), aged 47, will be the company’s new chief executive following current CEO Richard Gray‘s retirement. The Australian senior mining executive, with a career spanning more than 25 years, is due to be appointed on 1 April 2021. Mr Day was most recently head of […]
Scotgold’s current and founding CEOs to step down
Scotgold Resources Ltd announced that chief executive Richard Gray will retire from his role with the company but will continue as non-executive director. Mr Gray has been with the company as CEO since October 2014 and oversaw Scotgold’s transition into a gold miner and producer. He will continue in his present role until 31 March […]
Scotgold lowers output guidance
Scotgold Resources Ltd lowered its 2021 guidance for gold production, citing “teething problems” over handling issues and low recruitment due to pandemic restrictions imposed since 25 December. The company said that problems had occurred in three key areas of crusher circuit chokes, flotation circuit pumps and filter press controls at its Cononish gold and silver […]