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Scotgold shares fall on Cononish mine delayed ramp-up

Feb 26, 2021

Source: https://www.mining.com/scotgold-shares-fall-on-conish-mines-delayed-ramp-up/

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Cononish’s processing plant is now expected to treat 1,000 tonnes of ore in March, reaching design capacity of 3,000 tonnes per month from April onwards. (Image courtesy of Scotgold Resources.)

Shares in Scottish miner Scotgold Resources (LON: SGZ) dropped Friday as much as 14% in early trading after it revealed that plans to ramp up production at the Cononish mine will take longer than expected.

The company, which kicked off operations at Scotland’s first commercial gold and silver mine in December, said that slower than anticipated labour build-up and training, due in part to the current covid-19 restrictions, will impact March production.

Original Text (This is the original text for your reference.)

Cononish’s processing plant is now expected to treat 1,000 tonnes of ore in March, reaching design capacity of 3,000 tonnes per month from April onwards. (Image courtesy of Scotgold Resources.)

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