TIDMSGZ

RNS Number : 3106N

Scotgold Resources Ltd

19 January 2023

19 January 2023

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Results of 2022 Annual General Meeting

The Company confirms that all resolutions put to shareholders at the Annual General Meeting held today, were carried by way of a Poll.

The Company received valid proxies representing 52.44% of the total number of shares in the Company with voting rights as set out below .

 
 Resolution         For          % of        Against   % of        Open      % of        Abstain   % of 
                                  received              received    Usable    received              received 
 1: Adoption 
  of the FY 
  2022 Annual 
  Financial 
  Report            31,291,836      100%         0         0%          0         0%          0         0% 
                   -----------  ----------  --------  ----------  --------  ----------  --------  ---------- 
 2: Election 
  of Director 
  - Sean Duffy      31,291,079     100.00%      757       0.00%        0         0%          0         0% 
                   -----------  ----------  --------  ----------  --------  ----------  --------  ---------- 
 3: Election 
  of Director 
  - Evan Spencer    31,290,640     100.00%     1,196      0.00%        0         0%          0         0% 
                   -----------  ----------  --------  ----------  --------  ----------  --------  ---------- 
 4: Re-election 
  of Director 
  - Ian Proctor     31,290,640     100.00%     1,196      0.00%        0         0%          0         0% 
                   -----------  ----------  --------  ----------  --------  ----------  --------  ----------

**ENDS**

For further information please contact:

 
 Scotgold Resources         Shore Capital               Celicourt Communications 
  Limited 
                             Nomad and Broker            Financial PR 
  Chief Executive Officer 
                             Toby Gibbs / John More      Felicity Winkles 
  Phil Day 
                            Tel +44 (0) 20 7408 4090    Tel +44 (0) 208 434 
                                                         2643 
                                                         Tel +44 (0) 774 8843 
                                                         871

Notes

Scotgold Resources Ltd (AIM:SGZ), is Scotland's first commercial gold producer. The Company poured first gold in November 2020 at its Cononish Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it into a +23,500-ounce gold mine per annum. 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. The mine has anticipated forecast operating costs of c.GBP610 per ounce in Q4 2023, 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.

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END

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