Scotgold grumpy over Grampian survey
Scottish gold prospector Scotgold Resources has been frustrated in its attempts to conduct an airborne magnetic survey over its Grampian exploration targets.
Scottish gold prospector Scotgold Resources has been frustrated in its attempts to conduct an airborne magnetic survey over its Grampian exploration targets.
In its half yearly report covering the six months to the end of last year, the company says civil aviation authorities have not yet given permission for the survey, so "alternative arrangements" are being considered.
Scotgold received permission to develop the Cononish resource in the Grampian mountains from the National Parks Authority in February this year and, following a judicial review, expects a full mining licence to be granted by the Crown Estate in June.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares in the firm had dropped 2.33% by noon. Over the last 12 months the stock has gained 18%.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published