Scotland’s sole commercial gold miner, Scotgold Resources, has placed the majority of its staff on unpaid leave "until further notice" as it continues to grapple with significant financial constraints.
Gold producer Scotgold Resources has concluded its open offer of shares and raised a further £2 million in funding through a fully subscribed open offer of shares and an additional subscription agreement with existing shareholders, Maurice and Nicole Mason.
Scotgold Resources Limited has announced that it is progressing well with its transition to the long hole stoping mining method at the Cononish gold mine in Scotland, and that it is seeking to raise additional equity funds.
Scotgold Resources Ltd has raised $3.6 million (£3.0m) in total from the sale of 1.2 million shares at 40p each. The Stirlingshire-based gold exploration and production company announced plans to raise around £2.5m last week.
Scottish gold exploration and production company Scotgold Resources Limited has announced plans to raise £2.5 million as part of its growth strategy, which include further exploration in the Highlands.
Scotgold Resources has reported sales of £11.9 million for the year ended 31 December 2022 despite poorer than expected gold production and sales in Q4. However, as a result of the impacted Q4 2022 gold production and sales, the firm's financial and working capital position has been adversely
Scotgold Resources, the gold exploration and production company focused on Scotland, has signalled its ambitions for further growth as the firm posted revenues of £3.65 million for the six months to 31 December 2021. The firm, which has been focused on the Conoish mine in Tyndrum, reported no
Scotgold Resources, the gold exploration and production company focused on Scotland, has appointed industry veterans Sean Duffy and Evan Spencer to its board. Sean Duffy joins as chief financial offer, while Evan Spencer will take up the role of non-executive director and chairman of the technical c
Scotgold Resources, the gold exploration and production company focused on Scotland, has announced that it recorded its highest gold concentrate production in December since its first gold pour at its Coconish mine. A total of 101 tonnes of concentrate has been produced, equating to c.700
Scotgold Resources, the gold exploration and production company focused on Scotland has announced that its Coconish mine could operate for a further 18 years. In the company's final results issued this week, CEO Phil Day said that the previous mine life expectancy was 8.5 years, however, he revealed