Scotgold Resources Limited

ScotGold receives green light to develop Scotland's first commercial gold mine

Richard Gray, chief executive of Scotgold Resources Limited (LON:SGZ) tells Proactive they've received planning approval for the first commercial gold mine in Scotland's history.

Gray says the Loch Lomond and the Trossachs National Park Authority unanimously approved their application for the development of the Cononish Goldmine at a Special Board Meeting held on Tuesday, subject to the conclusion of legal agreements.

Scotgold wants to construct an underground mine producing 12,000 ounces of gold per year initially.

Quick facts: Scotgold Resources Limited

Price: £0.39

Market: AIM
Market Cap: £18.85 m

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Full interview: Scotgold Resources to generate on average £1mln per month...

Scotgold Resources Ltd (LON:SGZ) chief executive Richard Gray tells Proactive London they’re entering an active period on site at the Cononish mine with production now less than six months away. He says they’re currently developing and enlarging the existing adit so they can get the...

1 week, 3 days ago

2 min read