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Scotgold Resources Limited

ScotGold Resources acquires final tranche of funding for Cononish mine

Scotgold Resources

ScotGold Resources' Richard Gray says the final tranche of funding for its Cononish gold mine is "the key that's going to open up the whole future for us".

Gray adds that despite being a small gold mine, the high profitability has led to plenty of support from a senior shareholder.

In terms of time frames, Gray says commercial production is planned to commence around the first half of 2019.

Quick facts: Scotgold Resources Limited

Price: £0.39

Market: AIM
Market Cap: £18.85 m
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Scotgold Resources to generate on average £1mln per month when in production

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, 6 days ago

2 min read

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