Scotgold Resources Share Discussion Threads

[steelwatch] 01/9/2022 19:46

$ gold price weakness softened by GBP v USD weakness.

Gold/oz £1,468.91 v $1,696.23 just now.

[steelwatch] 16/8/2022 22:36

Sterling gold price c.£1,480/oz.

[barony] 16/8/2022 00:02

A wee update on progress would be good about now. I’m confident it would be good news.

[mick_oi] 01/8/2022 22:53

Accumulate these before word gets out, good interview, solid progress..... I think we're in safe hands with Phil Day.... hopefully safe and efficient ops for future and some good exploration results when the time comes:

hxxps://youtu.be/CBx3Y82ET1U

"Dig Deep The Mining Podcast - In this episode, we chat to Phil Day, CEO of Scotgold, a junior mining company that is Scotland’s first gold producer. They are growing their company with further exploration activities in and around the Scottish Highlands."

[steelwatch] 23/7/2022 17:08

Scotgold Resources "undervalued" compared to peers, says Shore Capital



“We believe the market is missing [Scotgold Resources’] significant short-term production and earnings prospects,” analyst Sheldon Modeland said in a note, adding its valuation represents a “significant discount to peers”.

[barony] 18/7/2022 15:21

Ridiculous drop against the profit news.

[barony] 18/7/2022 12:00

Must look at Investor Meet Company presentation. This should be flying!

[steelwatch] 11/7/2022 11:22

Thanks Mick.

Shore Capital research note out for anyone with access:

[mick_oi] 11/7/2022 11:17

A nice 10 minute presentation from May2022 - '121 Mining Investment TV', posted 6 days ago:

[barony] 11/7/2022 10:07

Great rns! The biggie here is that we are now “commercial221;. i.e. profitable. 47% of total gold produced, since we started, was produced in q2 2022! What a ramp up and I look forward to the Investor Meet Company session.

[barony] 04/7/2022 14:16

Welcome Shore. Now let’s see some more publicity as production and profit ramp up.

[barony] 28/6/2022 13:34

About time!

[barony] 22/6/2022 12:50

Looking awfy good here. If all the plans come to fruition, this could be a real winner. Glad I have some and I may get more.

[philjh] 21/6/2022 22:31

Hi Al. We met at least once, perhaps more, when Graham arranged trips into the existing adit what seems like many moons ago. I lived in Crianlarich at the time but now retired and moved away. Still fully invested here and waiting/hoping for some significant returns sometime soon/whenever !!

[barony] 13/6/2022 10:00

Don’t get this. must be lack of awareness as company talking about paying dividends next year!

[barony] 10/6/2022 23:39

Terrific, super confident, investor meet company q&a and presentation. Might have to buy more here.

[steelwatch] 09/6/2022 19:39

New Proactive video in the header.

[hyper al] 26/5/2022 10:04

How are my investor friends at Scotgold?

[gregb] 24/5/2022 07:25

SCOTGOLD RESOURCES LIMITED will be holding a Production, Operations and Strategy update meeting on 26th May 2022 at 5:30pm BST.Register at investormeetcompany.com

[gregb] 20/5/2022 20:31

Nice 75k late reported trade today :-) It was a worked trade that started on Wednesday as there weren't enough shares available.

[steelwatch] 17/5/2022 13:19

IT IS Scotland's only gold mine, nestled in the hills near Tyndrum and on the brink of reaching new levels of production.

Output at the London-listed Scotgold Resources' Cononish mine is set to double by the end of this year.

The firm's fortunes have been turned around by Western Australian industry veteran Phil Day taking over the role of chief executive.

Scotland's first commercial gold mining company plans to more than double its gold output to an annual rate of 23,500 ounces by next year as it hailed record levels of gold concentrate production.

Scotgold Resources said in an update to the City production totalled 1,257 oz of gold and 5,881 oz of silver for the first three months of 2022, with gold currently being mined at a rate of 9,910 oz per year, increasing to 17,500 oz this month.

Over the year, shares have risen from 49.5p to 65p, and in April it achieved record levels of gold concentrate production.

[steelwatch] 09/5/2022 11:59

Troubleshooter turns Argyll gold mine around
3rd May

EXCLUSIVE BY BRIAN DONNELLY
@BrianDonnellyHT
BUSINESS CORRESPONDENT

THE chief of Scotland's only commercial goldmine has hailed the turnaround of the facility's fortunes as it heads towards doubling production by the end of the year.

It comes after the mine north of Loch Lomond was shut down by Covid-19 in 2020, which also restricted access to specialist suppliers and consultants from overseas as well as recruitment and training of staff.

After seven years at the helm, chief executive Richard Gray stood down from Scotgold, the London-listed mining company, with Western Australian industry veteran Phil Day, taking on the role in April 2021.

Quarter of a century in mining across commodities ranging from gold to fertiliser, Mr Day was in at the start of the mid-2000s nickel boom and is a former head of technical and operations at SwitzerlaWithin two months of Mr Day joining the Cononish operation, it was updating the City that technical issues with which it had been beset were resolved.

Within two months of Mr Day joining the Cononish operation, it was updating the City that technical issues with which it had been beset were resolved.

Over the year, shares have risen from 49.5p to 65p, and last month it achieved record levels of gold concentrate production, at over 160 tonnes.

Mr Day was parachuted in shortly after completing a copper mine venture in Nevada.

“I thought I was going to have a two month break, it turned out to be four weeks, and I got tapped on the shoulder to go over to Scotgold, to do very much the same thing, to start, or effectively get that company from where it was, because at that particular time it was sitting not doing a whole lot, not making any revenue, you name it there were problems everywhere,” he said.

“So I was called in to fix the whole thing. Really in one year it has gone from a going concern to now being the operating success that it is.”

It now has around 80 employees. It has brought in specialists from South Africa and Australia to train and recruit, with most staff from Scotland.

“It is making money, there’s lots of gold, we are employing very happy people,” said Mr Day.

He had to tap into his wealth of experience to reach this stage.

“With the background I’ve had and because I have had exposure to everything and anything in different commodities, different countries, different languages, different cultures, different technologies, as soon as I got to Scotgold it was easy just to literally translate allof those into one thing and get this thing up and running,” he said.

“It is not an easy place to run. It is technically very complex and there are very few people who have experience of doing that. I just happened to have about three years doing that when I was over in Nevada.”

With the high quality gold mined from the Argyll site comes high level responsibility for the surrounding environment.

“We have got an extremely small footprint and that is a badge of honour. We don’t use the process like other gold mines do around the world. As a result we can say we sell gold that is very clean from an industry perspective.”

Mr Day also tapped into what he says is among the best gold seams in the world.

“Our reserve grade is just under 12 grams per tonne. I am used to one gram per tonne.

"I’ve never seen that before, so it is incredibly impressive.”

"We have a lot more scope to expand," he added. "We have a mandate to double the size of the mine that it is currently."

The product is so far getting a good response.

“The more I test that market and put it out there for sale, people seem to ring me and want a Scottish coin or Scottish jewellery, anything as long as I can prove it was derived from Scotland,” said Mr Day.