SCZ Grampian Ltd has appointed Sean Duffy as a director, effective 7 July 2022. The Australian, whose appointment was recorded with Companies House, is the chief financial officer of parent company Scotgold Resources Ltd. SCZ Grampian focuses on the geological exploration of the Dalradian group in the southwest Highlands.
Tag: Scotgold Resources Ltd
Scotgold reports strongest quarter results at Cononish
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 […]
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 repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]
Scotgold receives first £1.2m tranche of Fern Wealth loan
Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]