Silver

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XAGUSD

Delayed 12:31:16 2024-04-30 pm EDT			5-day change	1st Jan Change
26.41 ^USD	-2.44%		-3.27%	+11.06%

06:17pm	Toronto Stocks Slide on Slower Canadian GDP Growth; Restaurant Brands International Rises on Earnings, Revenue Beat	DJ
05:49pm	NGEx Minerals Down 4.7% as it Posts Drill Results from Lunahuasi Project in Argentina	MT

Scotgold raises GBP1.5 million in share offer

May 15, 2023 at 09:38 am EDT

Scotgold Resources Ltd - Stirlingshire, Scotland-based gold and silver exploration company, primarily focused on developing the Cononish gold and silver mine in the Scottish highlands - Raises GBP1.5 million via a share subscription for 10.1 million open offer shares.

This comes after the company announced last month it would raise additional funds via a share subscription and open offer, following encouraging progress at the Cononish mine.

Long hole stopping at Cononish is progressing well, with 1,956 tonnes of ore extracted from long hole stope 1, all processed as of May 3 with an average grade of 4 grams per tonne.

Looking ahead, says it has "good visibility" for the next three months, but notes that ore production will determine its performance.

Current stock price: 17.85 pence, up 8.2%

12-month change: down 72%

By Sabrina Penty; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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Headlines

Ivanhoe Mines Brief: Adds Kamoa-Kakula produced 86,203 tonnes of copper in Q1 2024; annual production guidance for Kamoa-Kakula maintained at between 440,000 to 490,000 tonnes of copper

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