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Share Name Share Symbol Market Type Share ISIN Share Description
Scotgold Resources Limited LSE:SGZ London Ordinary Share AU000XINEAK5 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 84.00 26,413 08:00:18
Bid Price Offer Price High Price Low Price Open Price
83.00 85.00 84.00 84.00 84.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.02 -4.07 50
Last Trade Time Trade Type Trade Size Trade Price Currency
14:13:59 O 10,883 84.00 GBX

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Date Time Title Posts
12/10/202111:35►SCOTGOLD Resources ◄ - Scotland's 1st Commercial Gold Miner1,372
30/1/202100:02Scotgold Resources358
14/9/202014:29Scotgold Resources - Gold mining/exploration in Scotland3,662
09/3/202007:21Gold in Central Scotland!!!!!!!!!!!!!!!2

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DateSubject
16/10/2021
09:20
Scotgold Resources Daily Update: Scotgold Resources Limited is listed in the Mining sector of the London Stock Exchange with ticker SGZ. The last closing price for Scotgold Resources was 84p.
Scotgold Resources Limited has a 4 week average price of 70.80p and a 12 week average price of 60p.
The 1 year high share price is 127.50p while the 1 year low share price is currently 48p.
There are currently 59,523,291 shares in issue and the average daily traded volume is 50,679 shares. The market capitalisation of Scotgold Resources Limited is £49,999,564.44.
10/10/2021
11:52
steelwatch: https://www.fool.co.uk/investing/2021/10/10/3-penny-stocks-i-think-will-keep-soaring-in-price/
04/10/2021
07:30
plasybryn: Since Philip Day took the reigns back in April, SGZ seems to have done well. These latest results are encouraging. Turned the corner?I wonder if fund raises are now behind them?Certainly a share very much under the radar. I assume winter weather conditions may have an impact on production levels but well done SGZ. Been hard but getting there.
04/10/2021
07:17
steelwatch: https://www.investegate.co.uk/scotgold-resources--sgz-/rns/production-and-corporate-update/202110040700078250N/
24/9/2021
14:54
steelwatch: Good to see SGZ has recovered against the global gold miners index. Let's hope for a better forthcoming production report in a week or so's time. free stock charts from uk.advfn.com
02/8/2021
13:44
mineng: Barony Based upon comparisons elsewhere and making assumptions regarding moisture, smelting, refining charges and high grade as per previous shipment, my guesstimate is between £5000 and £6000 per tonne - between £250,000 and £300,000 for two shipments. Assuming 3 months MAMA, the full amounts might not be paid until November / December or later if umpire assays are involved. Natural variation in the gold content of sulphides may suggest that the enhanced grade of the first shipment, which would carry a premium price, may not be sustainable, especially if the small percentage of free gold, amenable to gravity separation, was bled away to jewellery dore (with its own income stream).
02/8/2021
12:49
barony: How much is a tonne of sgz concentrate worth?
08/4/2021
00:39
steelwatch: https://www.proactiveinvestors.co.uk/companies/news/945908/today-s-market-view---phoenix-copper-ironridge-resources-castillo-copper-and-more-945908.html Scotgold Resources* (LON:SGZ) 72p, Mkt Cap £40m – Earnings update BUY – 147p (from 177p) The Company raised new equity last week and updated on the status of the Cononish ramp up process. £1.5m was raised in a placing of 2.1m shares at 70p. Additionally, Bridge Barn owned by major shareholder and the Chairman of the Company Nathaniel le Roux agreed to provide further debt funding of £0.5m if it is needed in the future. The Company reiterated its CY21 production guidance for 25.7-28.5kt throughput and 7.0-7.9koz gold. Proceeds will cover working capital requirements as operations at the recently commissioned high grade Cononish mine ramp up. Longer than expected ramp up at the processing plant see commissioning of Phase 2 expansion to 72ktpa being delayed to Sep/22, from previous target May/22. Processing plant issues highlighted earlier are being addressed including at the filter press part of the circuit that held back ramp through March. The Company also released updated Cononish earnings and NPV projections adjusting for new ramp up schedule and lower gold price assumptions reflecting a pull back in market prices. Using £1,250/oz gold price, the mine is expected to generate >£20m in EBITDA and >£15m in FCF (post-tax) per year following Phase 2 ramp up to 72ktpa, ~24kozpa GE and ~£430/oz (~$600/oz) AISC. Conclusion: The fundraise along with access to expanded loan facility covers working capital requirements as the team ramps up production at the recently commissioned high grade Cononish operation. Our updated earnings estimates largely reflect lower long term gold price estimates ($1,800/oz v $1,925/oz previously) and adjusted FX assumptions (1.4 v 1.3 before). We expect the plant to ramp up to design 36ktpa (3ktpm) processing rates through the current quarter with CY21 production expected at 26kt and 7.7koz, in line with latest Company guidance. On spot prices (~$1,740/oz, 1.4 FX), we estimate Scotgold to generate ~£20m EBITDA and £15m FCF (post-tax) at Phase 2 implying 2.4x EV/EBITDA multiple and 39% FCF yield. We would argue that given high grade nature of the deposit, favourable jurisdiction and significantly de-risked status of the project (permitted, in production and ramping up), a target multiple of 4.0x is applicable translating into 128p NAVPS at spot gold prices. We value Scotgold on DCF5% basis at $1,800/oz/1.4 GBPUSD with no premium included in our estimates for the dore part of the Cononish production or ~25% of annual output (although the management has highlighted strong demand from local jewellers willing to pay a premium for locally sourced gold of up to £400/oz on anecdotal evidence) to arrive at updated 147p NAVPS reiterating our BUY recommendation.
04/3/2021
09:38
pr100: Here are just a few of the big news topics you won't have been able to read about on the Scotgold Twitter ramp written by wee Graham/henrik1967/TyndrumBoy1872/CP52/vfb1888: - "Resignation" (sacking) of hapless CEO, Richard Gray; - New plant failure delays production yet again; - The price of gold continues to fall and is now £175 below the £1400/oz level on which the life-of-mine economics are now based; - The Scotgold share price has dropped by over half since the disastrous "first gold" scam. The irony is that while honest LTHs know full well that the Hapless Gray should have been sacked a long time ago, Mr Market doesn't like the look of it. The natural read across when a CEO is sacked weeks before a mine is due to start producing is that the problems are worse than described in the RNS. And it sure doesn't help when the geologist who oversaw the CPR and resource estimates "resigns" at the same time. So it's not surprising that Mr Market thinks something is seriously wrong at Cononish.
07/12/2020
19:32
henrik1967: Read it and weep Simon , "SOAR" the man says or in your case Sore loser !lol Riding the gold train with UK shares Having exposure to gold remains a great idea, then. And I’d do this by buying UK shares. This often allows investors to ride any rise in the precious metal price while receiving dividends in the process. Concerns over the macroeconomic and geopolitical landscape remain and could give gold prices a big shunt higher again in the coming months. Irrespective of this, however, I think gold should remain well bought as ultra-loose monetary policy fans inflationary fears during this new decade and pushes interest in so-called hard currencies like gold. Gold bullion on a chart News yesterday that just 245,000 new jobs were created in the US in November has raised gold’s appeal even more. It’s fanned fears that the world’s largest economy is faltering again (610,000 jobs were made back in October). And it’s raised the possibility that the US Federal Reserve might come to the rescue again with more quantitative easing, raising existing inflationary concerns still further. The gold standard? I’d consider buying Scotgold Resources (LSE: SGZ) shares to ride the solid gold price outlook. But I’d also buy this UK share as production at its high-grade and low-cost Cononish mine in Scotland begins. The business will produce 9,910 ounces of gold in 2021 under phase 1 conditions, a figure that will blast to 23,500 when phase 2 begins in May 2022. The mining sector is fraught with risks for investors. The spectre of project delays, disappointing payloads, and unexpected costs is part and parcel of buying UK shares like Scotgold. But on the plus side this particular digger has the financing in place to get phase 2 off the ground. And it also ha option agreements to explore 3,000 square kilometres of the Grampian Terrane in central Scotland. This area is thought to contain significant gold deposits. Scotgold’s share price has rocketed 64% in 2020 on the rampant gold price and a series of bright exploration and project development updates. And I think it could continue to soar in the years ahead. This is one UK share I’d happily buy for my Stocks and Shares ISA today and hold for years.
13/8/2020
09:48
pr100: No steelwatch, I don't count you as a member of the rampers' club. Nor do I consider myself a deramper as I have been posting mostly negative research and analysis since the arrival of the hapless Gray and while owning more SGZ shares than most, ie for several years when I would have profited from the share price going up. And of course, derampers post frequently whereas I only post occasionally. And most derampers post nonsense whereas my posts often dazzle with insight. And most derampers want the share price to drop whereas I don't give a fig about the share price today and rarely comment on it. I'm more of an auditor. I highlight nonsense posted by the rampers or by the hapless Gray - and I flag up negative news that the rampers would prefer to ignore. You should count yourselves lucky to have me. If the hapless Gray hadn't been rude to me - based on misinformation from his favourite fanboys - I wouldn't be bothering to post now that I have divested.
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