Scotgold’s financials show construction finance in place for completion of the Cononish mine
Scotgold Resources Ltd (LON:SGZ) closed out the year to 30 June 2019 with just under US$4mln cash in the bank.
The picture is likely to have been transformed in the months subsequent, however, as the company moves full steam ahead to bring the Cononish mine in Scotland into production within a matter of months.
During the year to 30 June, the company put in place the final piece of the puzzle for Cononish, including construction finance and debt, and although there have been a couple of glitches along the way, construction is now well advanced.
Meanwhile, regional exploration efforts are also being stepped up.