25 Jan 2022 11:44
25 January 2022
Scotgold Resources Limited (AIM:SGZ)
("Scotgold" or the "Company")
Results of 2021 Annual General Meeting
Scotgold Resources Limited (AIM:SGZ), the gold exploration and production company focused on Scotland, announces that all resolutions put to shareholders at the Company's AGM held today were duly approved.
The results of the proxy votes cast in advance of the meeting were as set out below.
Resolution | For | Against | Discretionary | Abstain |
1. Adoption of FY 2021 Annual Financial Report | 38,452,484 | 0 | 6434 | - |
2. Election of director - Phillip Day | 38,452,484 | 0 | 6434 | - |
3. Re-election of director - Richard Gray | 38,346,807 | 0 | 6434 | 105,677 |
4. Re-election of director - Phillip Jackson | 38,409,171 | 0 | 6434 | 43,313 |
5. Re-election of director - William Styslinger | 31,971,398 | 0 | 6434 | 6,481,086 |
6. Re-election of director - Peter Hetherington | 33,835,510 | 0 | 6434 | 4,616,974 |
**ENDS**
For further information please contact:
Scotgold Resources Limited | SP Angel Corporate Finance LLP | Celicourt Communications |
Chief Executive Officer Philip Day | Nomad and Broker Ewan Leggat / Charlie Bouverat | Financial PR Felicity Winkles |
| Tel +44 (0) 20 3470 0470 | Tel +44 (0) 208 434 2643 Tel +44 (0) 774 8843 871 |
Notes
Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold producer. The Company poured first gold in November 2020 at its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a +23,500-ounce gold mine per annum by end of Q1 2023. Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry. Once in full production, the mine has anticipated forecast operating costs of c.£544/oz AISC, which will place Cononish in the lowest quartile of gold mining operations globally.
It is Scotgold's vision to build a mid-tier gold mining company in Scotland with multiple operations in the country that enhance the local environment and economy in ways that have an enduring positive impact.