Scotgold Resources Ltd said that during July the volume and quality of ore stored on the stockpile in the high grade area of Cononish gold and silver project near Tyndrum in Scotland. The Australian miner added it had shipped another 25 tonnes of concentrate, which strengthened its goal to achieve a steady increase in production. […]
Tag: Scotgold Resources Ltd
Scotgold reaches higher grade ore and adopts risk analysis
Scotgold Resources Ltd reached higher grade ore zones quicker than expected but a bearing failure last month thwarted an increase to full production at Cononish gold mine near Tyndrum, Scotland. Gold doré sent to the refiners in May was refined through normal treatment processes, validating Scotgold’s process plant production. “Mining in the latter part of […]
Scotgold ships first gold concentrate from Cononish
Scotgold Resources Ltd announced it had made its first shipment of gold concentrate from Cononish mine near Tyndrum, Scotland. PRODUCTION The company added that the mine has been producing both gold concentrate and gravity separated gold Dore after resolving outstanding technical issues. Scotgold aims to open multiple faces of ore in the underground mine as […]
Scotgold to use £2m director loan in two tranches
Scotgold Resources plc has provided a short-term director loan of £2 million for its subsidiary, SGZ Cononish Ltd (SCL), operating the gold mine near Tyndrum, Scotland. The loan was offered following delays in increasing production at the Cononish gold and silver mine. Nathaniel le Roux, William ‘Bill’ Styslinger, Peter Hetherington and Ian Proctor, together with […]
Scotgold offers £2m director loan as losses rise at Cononish
Scotgold Resources Ltd said that some of its directors will provide a short-term loan of up to £2 million as the group reported mounting losses at Cononish, near Tyndrum in Scotland. Scotgold also announced that the mine’s processing plant had operated throughout April 2021, and that the first shipment of concentrate product was expected during […]
Scotgold resolves technical issues but production will be slow
Scotgold Resources Ltd announced it had resolved outstanding technical issues but production would be slower than originally planned at its Cononish gold and silver mine near Tyndrum, Scotland. The company added that the delay to production had also resulted in a look at financing options, including from its directors. The Australian miner, with headquarters in […]