Scotgold Resources Ltd announced it has appointed Robert Young as vice president of operations. The Australian-backed company is currently working to optimise the processing plant at Cononish mine, improve mining efficiencies and increase production in line with its 2022-2023 growth strategy.
Tag: Scotgold Resources Ltd
Scotgold Resources reports PDMR dealings
Scotgold Resources Ltd announced that non-executive chairman Peter Hetherington purchased 150,000 depositary interests of no par value in the company at an aggregate price of 75.77 pence per share. Mr Hetherington’s beneficial interest in the issued share capital of the company is: Name & Position Ordinary Shares Purchased & Purchase Price Number of Ordinary Shares […]
Scotgold records highest production since first gold pour
Scotgold Resources Ltd reported its highest production level since first gold pour as it issued guidance for the Cononish mine near Tyndrum in Scotland. PRODUCTION Production for Q4 2021 totalled 1,508 ounces of gold, with 101 tonnes of concentrate produced in December equating to some 700 ounces of contained gold. Scotgold said this represented a 60% […]
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 […]
Cononish production steady as planning begins for 2022
Scotgold Resources Ltd said it had maintained the rate of gold production at the Cononish gold-silver mine in Tyndrum, Scotland. OPERATIONS The company has also completed the first ball mill reline and started preparing plans for 2022 PRODUCTION “Around 64 tonnes of concentrate were produced during October,” said the company in a statement. “The concentrate […]
Scotgold increases gold concentrate production
Scotgold Resources Ltd recorded a 24% increase in gold concentrate produced, exceeding costs for the second consecutive month, at Cononish gold and silver mine near Tyndrum, Scotland. PRODUCTION During September 2021, the company produced 62 tonnes of gold concentrate compared with 50 tonnes during August 2021. The concentrate graded at an average of about 311 […]