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Scotgold Resources said it remained confident that its financial commitments, including for exploration activities, could be funded for the foreseeable future.
The funding would come from existing cash resources, loan facilities and anticipated future cash flows from the Cononish gold mine, which was expected to commence production at the end of February 2020.
Scotgold Resources made the statements while noting recent speculation by a media source concerning the cost of its exploration programme and the company's funding situation.
At 9:33am: (LON:SGZ) Scotgold Resources Ltd share price was 0p at 71p