Scotgold Resources Limited
SGZ.L
London Stock Exchange12.75
GBp
-0.25
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Scotgold Resources Limited
SGZ.L
(London Stock Exchange)
Recent
price
12.75
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Scotgold Resources Limited (SGZ.L) engages in gold and silver mine development and mineral exploration primarily in Scotland. The company, founded in 2007 and headquartered in Nedlands, Australia, operates through its Scottish subsidiaries, including Scotgold Scotland Limited, targeting gold and silver mineralisation within Central Scotland's Grampian Gold Project; key assets encompass the Cononish gold and silver deposit with Measured, Indicated, and Inferred Mineral Resources totalling 154,000 ounces of gold and 589,000 ounces of silver (JORC-compliant at 3.5 g/t gold cut-off), alongside three granted Exploration Licences covering approximately 2,200 square kilometres. It offers gold concentrate production from the Cononish Mine in the Grampian Highlands, located within Loch Lomond & The Trossachs National Park, with historical processing capacity phased to 72,000 tonnes per annum including crushing, grinding, gravity concentration, froth flotation, and dewatering; exploration services for gold, silver, and base metals across extensive databases and option agreements spanning around 3,000 square kilometres in Scotland, with incidental interests in Australia, France, and Portugal. In March 2025, South African mining technology group Acrux Sorting Technology acquired an 80% stake in SGZ Cononish Limited, the UK entity owning the Cononish Mine assets, excluding it from the parent company's prior administration; the remaining 20% is held by existing investors including financier Nat le Roux, formerly Scotgold's largest shareholder. This transaction aims to recapitalise the mothballed operation, settle creditors, hire staff, and restart production targeted for the first quarter of 2026 following a year-long preparation period amid prior challenges including equipment issues, staff shortages, and underperformance against the 23,500 ounces annual gold equivalent target. Scotgold Resources entered administration in late 2023 after delisting from AIM due to financing shortfalls, halting commercial output that commenced in 2020 as Scotland's first gold producer.