Scotgold Resources Limited (AIM: SGZ), the gold exploration and production company focused on Scotland, is pleased to provide an update on mine production and processing performance at the Cononish Gold and Silver Project in Scotland, ('Cononish') during September 2021.

Highlights

Roughly a 24% increase in gold concentrate produced from previous month: produced 62 tonnes of gold concentrate during September 2021 (50 tonnes: August 2021), Second consecutive month where production revenues exceeded operational costs

Phil Day, Chief Executive Officer, said: 'The operational turnaround at Cononish continues to gain pace and we are really encouraged by the performance of the mine and the overall improvement in our production profile. Importantly, September marked our second month where production revenues exceeded operational costs and we are confident that we are now on the correct growth trajectory to realise the full potential of Cononish.'

Contact:

Philip Day

Tel: +41 791 390 354

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