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Insider UK
Insider UK
Business
Peter A Walker

Scotgold seeks loans to increase mine efficiency

Scotgold Resources has outlined various optimisation initiatives, for which the gold and silver mine is in discussions with debt providers to help fast-tack implementation.

The company's interim results for the six months ended 31 December 2021 revealed total revenues of £3.6m during the period, although losses before tax were rose to £3.03m, from £1.6m during the same period last year.

Cash at the end of the year stood at £551,000 - down from £1.48m at the the end of June last year.

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