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Scotgold considers going into administration

7th November 2023

By: Creamer Media Reporter

     

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The board of embattled gold company Scotgold confirmed on Tuesday that it was considering the appointment of administrators in the coming days.

This comes as the company failed to close an investment agreement with the potential strategic investor that it was in discussions with last month.

Scotgold, which owns Scotland’s only operating gold mine, has been trying to secure a new investor for several months, having first raised doubt about its going-concern status early this year.

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Edited by Creamer Media Reporter

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