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Scotgold 'expected to command a significant premium in the market' says Alastair Ford

Mining capital's Alastair Ford explains the significance of Scotgold Resources' (LON:SGZ) first gold pour at its Cononish mine, marking a milestone to becoming Scotland’s first commercial gold and silver operation.

The company is now focused on completing an accelerated expansion plan to increase production at the mine to 23,500 ounces per year.

The annual production rate target is 36,000 tonnes and total gold production of 9,910 ounces for 2021.

Ford says to be able to sell the gold as specifically 'Scottish gold' is expected to command a 'significant premium in the market'.

Quick facts: Scotgold Resources Limited

Price: 98.5 GBX

AIM:SGZ
Market: AIM
Market Cap: £53.27 m
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Scotgold Resources says "all the work has paid off" after celebrating first...

Scotgold Resources Ltd's (LON:SGZ) Richard Gray catches up Katie Pilbeam after announcing the first gold pour from the Cononish mine in Scotland, a first for Scotgold and Scotland. Gray says it's now three months to full production and the company is focused on completing an accelerated...

on 2/12/20

2 min read