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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: 58 GBX

AIM:SGZ
Market: AIM
Market Cap: £29.78 m
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Full interview: Scotgold Resources restructures its Grampian mining permits

Scotgold Resources Limited's (LON:SGZ) Richard Gray speaks to Proactive London's Andrew Scott following the news they've restructured their mining permits in the Grampian region of Scotland. The amount of land covered by the permits reduces to about 2,900sq km from 4,000sq km but Gray says...

on 28/10/19

2 min read