24th Oct 2022 08:14
Scotgold Resources Ltd - Stirlingshire-based gold and silver explorer and producer in Scotland - On Thursday last week, says that, in the third quarter of the year, gold production totals 2,004 ounces, increasing year-on-year from 1,123 ounces. However, production slows from 3,531 ounces in the second quarter of 2022. The third quarter amount achieves guidance, which had previously been revised downwards due to delayed power and ventilation upgrades in the underground mine. Gold sales total GBP3.4 million during the period, rising from GBP2.6 million a year before, but slowing from GBP5.0 million in the preceding quarter. Scotgold expects to produce 3,000 to 3,900 ounces of gold in the fourth quarter. Read More