Gold Mining in Scotland with Scotgold | Ep.56

We meet Phil Day, CEO of Scotgold Resources (SGZ). Scotgold operates a gold mine in the Scottish Highlands, and it's their Cononish project that we focus on in this episode. We cover the state of the gold mining industry in Scotland as it compares with the rest of the world, the attraction of working in Scotland and the extensive efforts that the company has made to minimise their environmental impact on this beautiful part of the world. Get our free daily newsletter on market movers at www.thearmchairtrader.com To suggest companies that the Armchair Trader should feature in future episodes reach us on www.thearmchairtrader.com 0:29 How big is the Scottish gold mining industry? 1:22 Introduction to Scotgold Resources 2:18 Impact of the pandemic on operations 4:32 How does mining in Scotland compare with the rest of the world? 6:46 How was the original gold resource located? 8:36 What's the current level of production? 12:47 Funding further exploration 16:04 Plans for the next year; thickening and stoping 19:11 Where is the gold going? 19:32 Will Scotgold directly benefit from a rising gold price? 21:16 Renewable energy and reducing the mine's carbon footprint 23:14 How the mine's environmental impact is being minimised