THERE are warnings that the company operating Scotland’s only gold mine could fall into administration in the next weeks.
Bosses at Scotgold Resources, which operates the Cononish gold and silver mine near Tyndrum, said the business could be at risk if a new payment plan agreement is not reached with an unsecured creditor.
However, it also acknowledged that ongoing funding talks could be unsuccessful, potentially plunging the mine into crisis. “The outcome of the funding discussions is highly uncertain and if the company cannot conclude a significant fundraise, it will cast material uncertainty for the company to continue as a going concern.”
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