Appointment of Nominated Adviser and Broker
4 July 2022
Scotgold Resources Limited ("Scotgold" or the "Company")
Appointment of Nominated Adviser and Broker
Scotgold Resources Limited (AIM: SGZ) is pleased to announce the appointment of Shore Capital and Corporate Limited as the Company's Nominated Adviser and Shore Capital Stockbrokers Limited as Sole Broker with immediate effect.
**ENDS**
Scotgold Resources Limited
Chief Executive Officer
Phil Day
| Shore Capital
Nomad and Broker
Toby Gibbs / John More
| Celicourt Communications Ltd
Financial PR
Felicity Winkles/ Josh Funnell
|
Via Celicourt Communications | Tel +44 (0)20 7408 4090 | Tel +44 (0) 208 434 2643 Tel +44 (0) 774 8843 871 |
Notes
Scotgold Resources Ltd (AIM: SGZ), is Scotland's first commercial gold producer. The Company poured first gold in November 2020 at its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a +23,500-ounce gold mine per annum. Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry. Once in full production, the mine has anticipated forecast operating costs of c.£544/oz AISC, which will place Cononish in the lowest quartile of gold mining operations globally.
It is Scotgold's vision to build a mid-tier gold mining company in Scotland with multiple operations in the country that enhance the local environment and economy in ways that have an enduring positive impact.
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