Scotgold Resources Ltd today said that Covid-19 continued to thwart developments at the Cononish gold and silver mine in Scotland. The filter press issues announced in February have continued through most of March and hampered production, although progress has been made in recent days to resolving these issues. The company said that, once resolved and […]
Tag: UK mining
Scotgold Resources raises £1.5m through placing
Scotgold Resources Ltd raised £1.5 million before expenses via a placing of 2,142,857 depositary interests of no par value in the company at a price of 70p per new ordinary share. Bridge Barn Ltd, a company owned and controlled by Scotgold’s chairman, Nathaniel (Nat) le Roux, will provide additional debt funding of £500,000 if required.
Condor Gold records transformational 2020
Condor Gold plc said its activities during 2020 had been transformational as it reported a decrease in losses and increased fundraising and cash balance for its La India project in Nicaragua. For the year 2020, the group’s losses were £1,309,992 (2019: £1,542,781). The company raised a total of £8 million after expenses (2019: £5.8m), and […]
CAML navigates 2021 from strong position
Central Asia Metals plc (CAM) minimised losses during 2020 as it increased cash in the bank while paying off more debt. The company owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and Sasa zinc-lead mine in North Macedonia. For full year results for the 12 months ended 31 December 2020, the company reported group gross […]
Condor Gold buoyed by latest drill results at La India
Condor Gold plc said that its latest drill results were highly encouraging at the La India project in Nicaragua. The miner added that the results, which showed two significant intercepts, also added considerable confidence to the company’s geological model, mineral resource and reserve calculation as well as the mine plan. Condor has completed the first […]
Red Rock maintains goal for mid-tier status
Red Rock Resources plc last year recorded modest improvements across its group’s interests in manganese, gold, copper and cobalt. FINANCES In its unaudited results for the six months to 31 December 2020, the company’s total equity increased by 20.4% to £16.659 million, following a 53.7% increase over the previous six months. Current and non-current assets together increased […]