Scotland’s only gold mine purchased by South African company
5 days ago · Operations at Cononish in the Loch Lomond and The Trossachs National Park have been at a standstill since 2023 after the mine’s parent company went into administration, leaving the 80 person workforce on unpaid leave. Acrux Sorting Technology, a mining group based in Johannesburg and London, has now purchased a majority stake in SGZ Cononish Limited, the UK registered company, which is not ...
South African group buys Cononish gold mine - Business Insider
4 days ago · SGZ Cononish was excluded from the administration of its parent company Scotgold Resources in November 2023. Le Roux was the major secured creditor of SGZ Cononish. “This is a transformative opportunity for both AST, Cononish and surrounding communities,“ commented AST chief executive Sean Browne. “The growing value of gold presents an ...
S Africa’s Acrux acquires 80% of Scots gold mine
6 days ago · The investment means AST subsidiary Acrux Gold Limited becomes an 80% majority owner of Cononish. Former owners of the Cononish Gold and Silver Mine, Scotgold Resources Limited, had appointed administrators. in November 2023. “Gold has stood the test of time, proving throughout history to be a resilient and valuable investment,” said Acrux.
Scottish gold mine to reopen after buy-out from South African firm
4 days ago · Acrux Sorting Technology has taken a majority stake in SGZ Cononish Ltd, the UK-registered company behind the mine in the Loch Lomond & Trossachs National Park. Operations at Cononish stopped in 2023. New mining activity is expected to resume in 12 month's time to allow the new operator to hire staff and set up the mothballed mine again.
South African company buys Scotland’s only gold mine - inkl
6 days ago · Operations at Cononish in the Loch Lomond and The Trossachs National Park have been at a standstill since 2023 after the mine’s parent company went into administration, leaving the 80 person workforce on unpaid leave. Acrux Sorting Technology, a mining group based in Johannesburg and London, has now purchased a majority stake in SGZ Cononish Limited, the UK registered company, which is not ...
The end of the Cononish goldmine - parkswatchscotland
Feb 24, 2024 · Overview of main part of Cononish goldmine mid-Februay 2024 showing the production shed and tailings stacks. The containers behind stack 1 give a sense of scale. Photo credit Harry Barnes.
Scotgold: Scotland's only goldmine goes into administration
Nov 24, 2023 · SGZ Cononish, the firm's UK business and only "substantive asset," is not yet in administration but is expected to follow suit in days. Gold production from the mine had trebled …
Cononish Gold and Silver Mine, Scotland - Mining Technology
Dec 11, 2019 · The Cononish underground mine uses long-hole open stopping (LHOS) method employing conventional trackless fleet, including production drill rigs, a roof bolter and scaler, front-end loaders, and articulated dump trucks.
Scotland's only gold mine at risk of plunging into administration
Sep 12, 2023 · Only 758 ounces of gold were produced at Cononish, near Tyndrum, between January and March, although gold concentrate production steadily increased in the second quarter to reach 1,556 ounces (2,314 ounces overall). The company said 1,033 ounces of gold were produced in July.
Extraction from Scotland's only gold mine ramped up
Jan 30, 2023 · About 550,000 tonnes of rock is set to be brought out of Cononish over its current projected lifespan. The new seam of gold could see that rise further.