Scotgold Resources Ltd doubled losses while increasing revenue from the start of production at the Cononish gold and silver mine near Tyndrum, Scotland. FINANCES The company’s annual results for year ended 30 June 2022 showed total revenues rose to A$17.8 million / £9.9m for 2022 (2021: A$300,000/£166,000) Loss before taxation increased to A$10.8m / £6m (2021: A$5m […]
Tag: Cononish gold and silver mine – Tyndrum – Scotland
Scotgold raises Q4 guidance and remains on target for output
Scotgold Resources Ltd has increased it production guidance after completing delayed work on power and ventilation at the Cononish gold-silver mine near Tyndrum in Scotland. PRODUCTION The Australian company’s report for the three months ended 30 September 2022 showed gold production of 2,004 ounces under September’s revised guidance. The new guidance followed delays to improve access, […]
Scotgold lowers Q3 guidance following Cononish delays
Scotgold Resources Ltd has lowered production Q3 2022 guidance following delays at its Cononish gold and silver mine near Tyndrum in Scotland. PRODUCTION In its quarterly report, the Australian company said it had lowered its guidance to 2,000 ounces from the previous target of 2,900 to 3,500 oz gold. This is due to the delayed […]
Scotgold reports strongest quarter results at Cononish
Scotgold Resources Ltd said it recorded its strongest quarter yet with record production exceeding guidance at its Cononish gold and silver mine, near Tyndrum in Scotland. PRODUCTION In its operations report for the three months ended 30 June 2022, the Australian company showed increased production to 3,531 ounces gold and 18,382 ounces of silver, a […]
Scotgold receives £2m in second tranche loan
Scotgold Resources Ltd said it had received the second tranche of the new loans of £2.015 million for Cononish gold and silver mine near Tyndrum in Scotland. LOAN The sum is from a loan procurement agreement with Fern Wealth GmbH from a syndicate of high-net-worth investors for up to £3m. Scotgold added it anticipated to […]
Scotgold notes record quarterly production
Scotgold Resources Ltd announced record production for April and May 2022 at its Cononish gold and silver mine, near Tyndrum in Scotland. PRODUCTION Production for the two months amounted to 1,984 oz gold and 10,810 oz silver. The Australian-owned company said it was on course to achieve upper quartile and/or exceed Q2 2022 target of […]