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Insider UK
Insider UK
Business
Peter A Walker

REVEALED: Scotgold ends disappointing first half with third party review | Vintage Vibes

Scotgold Resources has announced that it is undertaking a third-party review of the Cononish mine plan for the next 12 months.

The first half results for Scotland's first commercial gold producer revealed that this review will initially encompass an assessment of the mine design, schedule and production forecasts. It will inform 2023 production forecasts and will also incorporate a second stage of power and ventilation upgrades to improve mine accessibility.

This second stage of power and ventilation upgrade should allow a "step change" in development rates, opening up more mining fronts by enabling equipment to operate in parallel.

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