The future of Scotland’s only commercial goldminer is hanging in the balance.
Scotgold Resources has suspended trading in its shares on the London Stock Exchange and has said it needs significant funding to continue as a going concern.
The announcement came after a review of its operations in July and in the wake of “disappointing” production figures for the first half of the year.
Scotgold spent more than a decade raising funds and obtaining permits and consent for the Cononish mine, a project on the edge of Loch Lomond and the Trossachs National Park where gold was discovered in the 1980s. The first gold was extracted towards the end of 2020, with agreements struck to supply high-end Scottish jewellers and excited headlines about a new
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