– UK, Tyndrum – Scotgold Resources Limited (LON: SGZ) today announced the appointments to its Board of Directors of Sean Duffy as CFO and Evan Spencer as Non-Executive Director.
Evan Spencer will also join the Technical Committee as Chair.
These new Board appointments further develop the Company’s leadership team formed to deliver on long-term strategy and near-term objectives as it continues to optimize its Cononish Gold Mine, Scotland’s first commercial gold mine, into a +23,500 ounce per annum run-rate operation by end of Q1 2023.
The Company also announced that Phillip Jackson and Richard Gray stand down from the Board with immediate effect.
About Sean Duffy
Sean Duffy has more than 25 years of finance experience in the mining industry, previously as CFO and Company Secretary for ASX and UK Listed Adriatic Metals Plc, TSX-V, and ASX-listed Black Dragon Gold and TSX-V listed Asian Mineral Resources. Previously, Mr. Duffy was CFO and Company Secretary for AIM-listed Anglo Asian Mining Plc and has held senior finance roles at BHP Billiton’s global operations, including Finance Director of BHP Billiton Indonesia.
About Evan Spencer
Evan Spencer has held senior roles with Barrick Gold, Western Mining Corporation, Placer Dome, Kagara Corp, Gold Fields Ltd, and Aditya Birla Minerals, and led the ramp-up and production of the Ban Phuc nickel mine and Nevada Copper mine as CEO of the respective companies. His exceptional depth of experience in managing mining operations both underground and open-pit globally will be invaluable as the Company advances the underground mine at Cononish and its organic growth pipeline.
About Scotgold Resources
Scotgold Resources Ltd is Scotland’s first commercial gold producer. The Company poured its first gold in November 2020 at its Cononish Gold and Silver Mine in Tyndrum, Scotland, and is developing it into a +23,500-ounce gold mine per annum by end of Q1 2023. Cononish is a high-grade underground mining operation with a central processing plant producing gold concentrate for off-take and gold doré for the Scottish Jewellery industry. Once in full production, the mine has anticipated forecast operating costs of c.£544/oz AISC, which will place Cononish in the lowest quartile of gold mining operations globally.
It is Scotgold’s vision to build a mid-tier gold mining company in Scotland with multiple operations in the country that enhance the local environment and economy in ways that have an enduring positive impact.
For more information: https://www.scotgoldresources.com/
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