Scotgold gets the green light for key gold mine

Scotgold Resources has received planning permission from the Loch Lomond and the Trossachs National Park Authority to develop Scotland’s first commercial gold mine.

The firm put out a Stock Exchange statement after the market closed last night saying that a special board meeting of the authority had “unanimously approved” the company’s application regarding the Cononish mine near Tyn- drum. Richard Gray, chief executive of Scotgold, commented: “We are delighted with this decision which paves the way for the development of the mine that will result in full production of the Cononish deposit.

“This will be the first commercial gold mine in Scotland’s history. The process has been aided by the professionalism of the Park’s executives.

“I am convinced that our project will meet the highest environmental standards and provide a significant boost to the local economy.”