Scotgold Resources has turned a £167,200 profit in 2021 into a £9.92m profit this year.
Its annual results for the year to the end of June also showed that losses before taxation in 2022 of £6.01m, up from £2.78m in 2021, with commercial production achieved after three consecutive months of positive operating cashflow.
The Cononish Gold and Silver Mine near Tyndrum continued to make progress towards production targets, with a circa 23,500oz per anum run rate of gold being aimed for next year.
