Scotgold Resources presses button on Cononish goldmine

Gold miner Scotgold Resources Ltd ( LON:SGZ) is to break ground on the Cononish mine in the Trossachs National Park following completion of their planning application. Scotgold's CEO Richard Gray tells Proactive London how he has a core team on site and equipment is also being lined up so Scotgold can the 'hit the ground running' at the start of 2019.
Scotgold expects to process around 3,000 tonnes of ore per month in the first phase, which will double in phase two.
A feasibility study last year estimated Cononish can generate between £67mln and £100mln in earnings over the life of the mine.
The pre-tax net present value was put at £43mln, using a 10% discount rate. In early morning trading, Scotgold shares were 4.4% higher at 35.50p.

Scotgold Resources presses button on Cononish mine in the Trossachs

First gold production is planned for the end of 2019

Scotgold secures favourable decision notice for development of Cononish

The decision notice allows Scotgold to proceed with the long-awaited redevelopment of Cononish

Scotgold Resources receives planning application decision notice for Cononish Gold and Silver Project

The company said it is now focused on ensuring that the planning obligations and conditions contained in the notice that are required prior to the commencement of Cononish are met as soon as possible

Scotgold Resources makes progress on Cononish paperwork

The 'Section 75' agreement, which details matters involving third parties that cannot be enforced through the planning notice, has now been executed and submitted for registration