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 […]
Tag: Scotgold Resources Ltd
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 ex-CEO and director leave the board
Scotgold Resources Ltd has announced that Richard Gray and Phillip Jackson will stand down from the board with immediate effect. Mr Gray was the company’s CEO for seven years and was instrumental in bringing the Cononish mine into production. Mr Jackson was chairman of the audit committee and was on the board for more than […]
Scotgold appoints Evan Spencer as NED
Scotgold Resources Ltd has appointed Evan Spencer as non-executive director and chairman of the technical committee to the board with immediate effect. Mr Spencer has held senior roles with Barrick Gold, Western Mining Corporation, Placer Dome, Kagara Corp, Gold Fields Ltd and Aditya Birla Minerals. He led the increase and production of the Ban Phuc […]
Scotgold appoints Sean Duffy as chief financial officer
Scotgold Resources Ltd has appointed Sean Duffy as chief financial officer (CFO) and to the board with immediate effect. Mr Duffy has more than 25 years of finance experience in the mining industry. He was previously CFO and company secretary for Adriatic Metals plc, Black Dragon Gold, Asian Mineral Resources and Anglo Asian Mining plc. […]
Scotgold given £250,000 loan to aid with shipping delays
Scotgold Resources Ltd said it had accepted a £250,000 short-term loan from Bridge Barn Ltd following delays to shipment from its Cononish gold mine near Tyndrum, Scotland. BRIDGE BARN Bridge Barn is owned by the company’s non-executive director and former chairman Nathaniel Le Roux. WORKING CAPITAL “The funds will cover immediate working capital affected by […]