Scotgold Resources slides after lowering Q4 production outlook
21/12/2022 10:30
** Shares of gold producer Scotgold Resources SGZ.L fall
12.7% to 51.5p
** SGZ cuts production forecast for Q4 to 2,000 ounces of
gold from previous estimate of 3,000 to 3,500 ounces
** Forecast cut due to change in short-term mining schedule,
harsher than expected weather conditions in Dec.
** Scotgold hits its lowest level since May 2021, headed for
worst day since Feb. 9 this year
(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.Husain@thomsonreuters.com;))