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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: 65 GBX

AIM:SGZ
Market: AIM
Market Cap: £33.38 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