Scotgold Resources Ltd slightly lowered its production guidance for March due to slow recruitment and training as the junior miner said it was considering a Covid-19 government loan. The Australian company said that the delay to production had resulted in a negative impact on the company’s cash position. Scotgold reported it had made some progress […]
Tag: UK mining
Scotgold appoints Phillip Day as new chief executive
Scotgold Resources Ltd announced that Phillip Day (formerly Phillip Edward Day-Banner), aged 47, will be the company’s new chief executive following current CEO Richard Gray‘s retirement. The Australian senior mining executive, with a career spanning more than 25 years, is due to be appointed on 1 April 2021. Mr Day was most recently head of […]
Scotgold’s current and founding CEOs to step down
Scotgold Resources Ltd announced that chief executive Richard Gray will retire from his role with the company but will continue as non-executive director. Mr Gray has been with the company as CEO since October 2014 and oversaw Scotgold’s transition into a gold miner and producer. He will continue in his present role until 31 March […]
Horizonte awarded power licence for Araguaia nickel
Horizonte Minerals plc has been awarded the construction licence package to develop the power line for its 100% owned Araguaia Ferronickel project in Brazil. The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, […]
GreenOre partner reaches second earn-in for Ayrshire
GreenOre Gold plc announced that its joint venture partner Koza Ltd has achieved the second earn-in on the Ayrshire gold prospect. JOINT VENTURE The Turkish company now holds an 80% interest in the project with GreenOre retaining 20%. All further spend will be conducted on a pro-rata basis. GreenOre said that the earn-in represented work […]
Alba to start field work on Gwynfynydd gold mine
Alba Mineral Resources plc announced it would begin its first field work on Gwynfynydd gold mine in the next planned phase of work at its Dolgellau gold exploration project in north Wales. The project encompasses parts of the Dolgellau gold field that lie outside the footprint of the site’s two mines; Clogau-St David’s gold mine […]