AIM-quoted gold miner Scotgold Resources has raised the final tranche of its development funding following a successful planning permission application for its Cononish gold mine on 27 February.
Scotgold has concluded an earn-in agreement to its Portuguese subsidiary, Scotgold Resources Portugal - which holds the Pomar licence - with PanEx Resources, it announced on Monday.
AIM-listed Scotgold Resources has agreed to sell its subsidiary SGZ France SAS, which holds the French exploration licence, Vendrennes, to Ikigai Limited for an initial cash consideration of 100,000.
Grampian Highlands-focussed gold miner Scotgold Resources has received unanimous approval from the Loch Lomond and Trossachs National Park Authorities of its development application for the Cononish Goldmine.
Scotgold Resources, the firm focused on the Cononish gold and silver project in Scotland's Grampian Highlands, announced on Friday that it had reduced losses over the past financial year thanks to the company reaching the production stage of its first-ever commercially produced Scottish gold.
Scotgold Resources announced on Wednesday that a sales agreement had been signed with two of Scotland's "pre eminent" manufacturing jewellers.
Scotgold announced on Wednesday that an update to the bankable feasibility study for the Cononish Gold and Silver Project, dated August 2015, had been completed by Bara Consulting, which mainly evaluated the economic impact of a range of technical development options and the current economic environment.
Scotgold Resources posted an update to its bulk processing trial on Tuesday, and announced it was seeking to extend the operation.
Scotgold Resources confirmed on Friday that it has now ceased trading on the ASX, and that it was delisted from the ASX official list at 1600 AEST in Sydney.
AIM listed miner Scotgold Resources will de-list from the Australian Stock Exchange (ASX) on 21 October in a bid to consolidate securities trading and save costs.
Gold and silver miner Scotgold Resources' full-year losses narrowed as it aims to find funding for its Highlands mines.
Scotgold Resources announced a sharply discounted share placing and delays in the proceeds from gold sales, sending the stock sharply lower.
It was full steam ahead at Scotgold Resources on Wednesday, as the firm announced plans to begin a bulk processing trial at Cononish, Scotland's only gold mine.
Shares in Scotgold fell after the miner released results of a feasibility study for its Cononish gold and silver project in Scotland.
Shares in mining company Scotgold rose after the company upgraded estimates for its Cononish gold project in Tyndrum.
Shares in Scotgold Resources surged 12% on Tuesday after the company said that the total ore reserve estimate for its Cononish gold project in Scotland has nearly trebled.
Scotland focused gold prospector Scotgold Resources has admitted to struggling in its attempts to raise funding for its Cononish Gold and Silver project and has instead proposed a smaller initial development.