Finance Metals & Minerals News

Scotgold raises £3m from retail offer-placing-subscriptions

Scotgold Resources Ltd has raised a total £3 million from the now closed retail offer and earlier placing and subscriptions. The company will issue 1,178,460 ordinary shares at a price of 40 pence per retail offer share, as well as 4,815,000 placing shares and 1,435,000 subscription shares for a total 7,428,460 new ordinary shares.  On […]

Metals & Minerals News

Scotgold conditionally raises £2.5m via placing-subscriptions

Scotgold Resources Ltd has conditionally raised £2.5 million through a placing and subscriptions by certain directors. DIRECTORS DEALINGS The accelerated bookbuild announced on 9 February 2023 involved 6,250,000 new ordinary shares at a price of 40p per share. Scotgold will issue in aggregate 6,250,000 new shares, representing approximately 9.48% of the enlarged share capital. Seven directors […]

Metals & Minerals News

Scotgold doubles losses in year of ‘transformative progress’

Scotgold Resources Ltd doubled losses while increasing revenue from the start of production at the Cononish gold and silver mine near Tyndrum, Scotland. FINANCES The company’s annual results for year ended 30 June 2022 showed total revenues rose to A$17.8 million / £9.9m for 2022 (2021: A$300,000/£166,000) Loss before taxation increased to A$10.8m / £6m (2021: A$5m […]

Metals & Minerals News

Scotgold raises Q4 guidance and remains on target for output

Scotgold Resources Ltd has increased it production guidance after completing delayed work on power and ventilation at the Cononish gold-silver mine near Tyndrum in Scotland. PRODUCTION The Australian company’s report for the three months ended 30 September 2022 showed gold production of 2,004 ounces under September’s revised guidance. The new guidance followed delays to improve access, […]

Metals & Minerals News

Scotgold CEO granted options for 400,000 depositary interests

Scotgold Resources Ltd granted unlisted options over 400,000 depositary interests of no par value each in the company with an exercise price of 75p to chief executive Philip Day. The award is in line with the terms of Mr Day’s employment. The shares, which vest on 1 September 2025, have an expiry date of 31 August 2027. […]