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Scotgold adds funding to its increased gold production


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After a ‘transformational’ 2021, Scotgold Resources (SGZ) has taken the next step to ramp up gold production to a target of 23,500oz by Q1 2023.

 

 

IGTV’s Jeremy Naylor caught up with SGZ chief executive, Phillip Day, who said that the debt procurement funding enables the company to optimise the mine to enable it to achieve its target growth without the need to come back to the market.

The CEO says the Cononish mine, located in Argyll, is high margin and explains why he believes shares in the business, at 62p, are under-valued by a margin of more than 100%.

 

 

 

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