Mining capital's Alastair Ford explains the significance of Scotgold Resources' (LON:SGZ) first gold pour at its Cononish mine, marking a milestone to becoming Scotland’s first commercial gold and silver operation.
The company is now focused on completing an accelerated expansion plan to increase production at the mine to 23,500 ounces per year.
The annual production rate target is 36,000 tonnes and total gold production of 9,910 ounces for 2021.
Ford says to be able to sell the gold as specifically 'Scottish gold' is expected to command a 'significant premium in the market'.