REG - Scotgold Resources - Posting of Circular

Scotgold ResourcesAnnouncement

26/04/2023 07:00

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RNS Number : 4498X  Scotgold Resources Ltd  26 April 2023

 

 

 

26 April 2023

 

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Posting of Circular

Scotgold Resources Limited (AIM: SGZ), Scotland's first commercial gold
producer, announces that further to the announcement on 21 April 2023 that the
Company would provide an opportunity for existing shareholders to subscribe
new Ordinary Shares through an Open Offer, a Circular will shortly be
published on the Company's website,
https://www.scotgoldresources.com/investors/shareholder-administration/#notifications
(https://www.scotgoldresources.com/investors/shareholder-administration/#notifications)
, and will be posted to Shareholders later today.

For further information please contact:

 Scotgold Resources Limited                             Via Celicourt Communications

 Phil Day, Chief Executive Officer

 Sean Duffy, Chief Financial Officer

 Shore Capital Stockbrokers Limited (NOMAD and Broker)  +44 207 408 4050

 Toby Gibbs / John More / Tom Knibbs

 Celicourt Communications (Financial PR)                +44 774 8843 871

 Felicity Winkles

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. 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.  The mine has
anticipated forecast operating costs of c.£610 per ounce in Q4 2023, 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.

 

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