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Scotland's sole gold mining company Scotgold Resources has updated shareholders saying it is currently in advanced talks with a prospective new investor, following the withdrawal of a previous party earlier this month.
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Scotgold Resources, the owner and operator of Scotland's sole gold mine, faces an uncertain future as the company suspends share trading amid financial woes.
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Scotgold Resources has announced the immediate appointment of Sean Duffy, the company's chief financial officer, as the interim CEO. Mr Duffy will retain his CFO role while stepping into the CEO position, left vacant by Phil Day who has declared his intention to return to Australia.
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