Appointment of Nominated Adviser and Broker

RNS Number : 1165R

Scotgold Resources Ltd

04 July 2022

 

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 [phone]	Tel [phone] Tel [phone]

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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