Scotland’s only goldmine has restarted production, two years after its previous owner became insolvent.
The mine at Tyndrum, close to Loch Lomond, was acquired last year by the South Africa-based Acrux Gold which has hired more than 60 permanent staff.
The team has been encouraged by the price for gold which today hit a record $5,110 as investors seek refuge amid escalating global tensions. It has risen by 18% so far this year after a 64% jump in 2025.
Resumption of operations at Tyndrum last month has been accompanied by investment in equipment. The company’s ambition is to produce 2,000 ounces a month.
The previous company, Scotgold Resources, went into administration in November 2023.
Acrux has further plans for Scotland and has formed a joint venture with Western Gold Exploration, a firm listed on the TSX Venture stock exchange in Canada.
It will look at exploration for gold, silver and critical minerals in central Scotland, focusing on areas near the Cononish mine.
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