Scotgold to push ahead with projects in France and Portugal

“These assets could form an important part of Scotgold's future project pipeline and growth path beyond Cononish".

Scotgold Resources says trial mining is going well

The Scottish gold miner also noted that it has now drawn £1mln under an existing secured loan facility

Scotgold Resources narrows losses as it looks to press on at Cononish

Only this week, Scotgold received an updated bankable feasibility which added “significant value” to the project

'This is the start of a Scottish gold mining industry', says Scotgold's Richard Gray

Scotgold Resources Limited ( LON:SGZ) chief executive Richard Gray tells Proactive that an update to the bankable feasibility study at their Cononish gold mine has added “significant value” to the project.

The original BFS, completed back in August 2015, suggested a pre-tax net present value of £23mln although that has now been significantly increased to £43mln.

Updated BFS adds “significant value” to Scotgold’s Cononish mine

Underground development work is set to start in the middle of next year, with phase one of the project expected to be up and running by early 2019