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Full underground team back at Scotgold's Cononish mine

Wed, 08th Jul 2020 14:02

(Sharecast News) - Scotgold Resources announced on Wednesday that the full underground development team has now returned to work, and blasting activities are being conducted at the Cononish Gold and Silver Mine.
The AIM-traded firm said the activities were being conducted under Covid-19 safe operating procedures.

In a separate development, it also said it had reached an agreement with Epiroc UK & Ireland to supply a second new T1D drill rig and a second hand ST2G scooptram, which has become available within the UK.

Scotgold said having a second unit of each machine would reduce the mechanical availability risk associated with having single units required for phase one production levels of 36,000 tonnes of ore per annum, and also meant only one additional truck would be required for any future ramp up to phase two, at 72,000 tonnes of ore per annum.

A further advantage, the board said, was that the additional machinery would provide an opportunity to increase its training activities, with both machines being supplied on a rental with option to purchase basis.

The company said the mine's former care and maintenance team, which includes about half of the current mining team, was now engaged with the remaining earthworks activities.

Those included the run of mine pad, where gold-bearing ore would be stockpiled, and the site and tailings stacks drainage system, complete with a new settlement pond.

The overall critical path activities remained, Scotgold explained, including the process plant building, equipment installation and commissioning.

Current activities were focussed on the building column pads, floor slabs and the preassembly of equipment support infrastructure.

"Our key focus is obviously the processing plant, but at the same time we are putting the pieces in place to ensure the long term success of the mining operation and a reliable supply of ore to treat," said chief executive officer Richard Gray.

At 1122 BST, shares in Scotgold Resources were down 0.69% at 72p.
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Scotgold sees 'significant advancement' in Loch Lomond mine permitting

(Sharecast News) - Scotgold Resources on Monday told investors that despite delays, "significant advancement" has been made in the permitting process of its Cononish Gold and Silver Mine, near Loch Lomond in Scotland.

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13 Aug 2018 14:54

Scotgold Resources Makes Significant Progress For Cononish Mine Permit

LONDON (Alliance News) - Scotgold Resources Ltd said Monday it has made "significant advancement" in the permitting process for its Cononish gold and silver mine, central company said to

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18 Jun 2018 09:30

Scotgold Resources Picks Up IG Chief As Non-Executive Director

LONDON (Alliance News) - Gold mining investment company Scotgold Resources Ltd said on Monday it has appointed Peter Hetherington and William Styslinger as non-executive directors with immediate a

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18 May 2018 10:42

Scotgold Resources Shares Rise On Cononish Mine Capital Raise (ALLISS)

LONDON (Alliance News) - Shares in Scotgold Resources Ltd rose Friday as it said the final tranche for the development of Cononish gold mine in Scotland has been raised through a combination of in

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20 Mar 2018 13:34

Scotgold Resources Chairman Nat Le Roux Waives Interest On Loan

LONDON (Alliance News) - Scotgold Resources Ltd announced on Tuesday amended terms to the loan provided by its own chairman, included the removal of any took a GBP1.0 a

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15 Mar 2018 12:59

Scotgold Resources Sells French Subsidiary SGZ France For EUR1 Million

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13 Dec 2016 14:16

Scotgold looking to extend bulk processing trial

(ShareCast News) - Scotgold Resources posted an update to its bulk processing trial on Tuesday, and announced it was seeking to extend the operation. The AIM-traded company's bulk processing trial planning permission, granted in May by the Loch Lomond and Trossachs National Park Planning Authority,

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21 Oct 2016 08:38

Scotgold delists from Sydney bourse

(ShareCast News) - Scotgold Resources confirmed on Friday that it has now ceased trading on the ASX, and that it was delisted from the ASX official list at 1600 AEST in Sydney. The AIM-traded firm said no change will occur to the quotation and trading of Scotgold in London, and its securities will r

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20 Sep 2016 12:24

Scotgold Resources to de-list on ASX on 21 October

(ShareCast News) - AIM listed miner Scotgold Resources will de-list from the Australian Stock Exchange (ASX) on 21 October in a bid to consolidate securities trading and save costs. The gold and silver miner is to de-list due to its limited trading volume on ASX, as over the past six months about 98

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15 Sep 2016 09:39

Scotgold Resources' full year losses narrows

(ShareCast News) - Gold and silver miner Scotgold Resources' full-year losses narrowed as it aims to find funding for its Highlands mines. For the year ended 30 June, losses narrowed by 29% to £800,000, compared to the previous year. Administrative costs rose 15% to £247,000 as exploration expen

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4 Aug 2016 12:20

Scotgold Resources places 62.5m shares on AIM, ASX to raise £500,000

(ShareCast News) - Scotgold Resources announced a sharply discounted share placing and delays in the proceeds from gold sales, sending the stock sharply lower. The miner placed 62.5m ordinary shares at 0.008p each on AIM, the London Stock Exchange's junior market, and the Australian securities excha

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15 Jun 2016 07:57

Scotgold Says Bulk Processing Trial At Cononish Project Underway

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