Embattled miner Scotgold, which operates Scotland’s only gold mine, said on Friday that it had initiated discussions with an administration specialist as a precautionary measure should it fail to secure financing to continue operating. The company also announced that its staff had been placed on short-term unpaid leave to preserve funds, while it continued to advance financing discussions.
Embattled miner Scotgold, which operates Scotland’s only gold mine, said on Friday that it had initiated discussions with an administration specialist as a precautionary measure should it fail to secure financing to continue operating.
Scotgold reported that financing talks were at an advanced stage with confirmatory diligence being undertaken.
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