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Shanta Gold is a producing gold company engaged in both exploration and mining projects in highly prospective, under-explored areas of Tanzania.

 

The Company's flagship 100% owned New Luika Gold Mine commenced gold production in 2012 in Tanzania.

 

Shanta Gold is focused on delivering sustainable, long term value for stakeholders with low-risk exposure to gold. The Company's shares are publicly traded on the London Stock Exchange (AIM) with ticker symbol SHG.

Website:
http://www.shantagold.com
Phone:
+44 (0)1481 726 300
Address:
Suite A, St Peter Port House, Saumarez Street, St Peter Port, Guernsey GY1 3PG.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
Gold Mining
EPIC / Symbols:
LON:SHG
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*subject to change and depends on individual circumstances.

Shanta Gold RNS Press Releases

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Shanta Gold Articles, News, and Media Files

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Shanta Gold Related Media

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Broker press

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  • 16/12/14

    16.12.14 :-0.12, (8.88) Peel Hunt reiterates its "buy" rating and raised its price target to 18p from 17p.

  • 30/07/14

    30.07.14 :-0.12, (13.13) finnCap reiterates its "buy" rating but cut its price target to 17.25p from 18p.

  • 25/03/14

    25.03.14 :-0.12, (14.63) finnCap initiates coverage with a "buy" rating and 18p target price.

  • 18/10/12
    +0.63 +18.38

    Press: Source - Independent The miner unveiled a placing to raise $30m, saying the cash was needed to meet short term financing requirements.... read more

  • 18/10/12
    +0.63 +18.38

    Press: Source - Independent The miner unveiled a placing to raise $30m, saying the cash was needed to meet short term financing requirements.... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
31/10/14 R.A. Fryer BUY 120,000 ORD 10.00 12,000 360,000 0.08
21/10/14 M. Houston BUY 100,000 ORD 9.65 9,650 1,417,189 0.31
21/10/14 A.R.C. Durrant BUY 200,000 ORD 9.75 19,500 1,651,212 0.36
20/10/14 L.A. Leslie BUY 210,000 ORD 9.50 19,950 3,260,000 0.70
10/10/14 A.R.C. Durrant BUY 100,000 ORD 10.20 10,200 1,451,212 0.31

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/14 Interim 58.28 7.66 0.88 0.00 USD
31/12/13 Full year 65.99 -4.37 0.16 0.00 USD
30/06/13 Interim 14.67 -1.43 -0.31 0.00 USD
31/12/12 Full year 0.00 -14.75 -4.42 0.00 USD
30/06/12 Interim 0.00 -7.00 -2.38 0.00 USD

Presentations & Company Media

Company Statement

 

Shanta Gold, through its wholly owned companies including Tanzanian subsidiary, Shanta Mining Company Limited (SMCL) (“Company”), is engaged in gold mining, development and exploration in Tanzania –one of Africa's most significant gold-producing countries.  Shanta Gold was admitted to the London Stock Exchange's Alternative Investment Market (AIM) in July 2005 and is contained in the FTSE sub-sector of Gold Mining.

 

The Company is focused on building a portfolio of high quality, low cost gold assets in Tanzania through exploring and developing its gold resource properties. The Company currently has one producing property, the 100% owned New Luika Gold Mine located in the Lupa Goldfield district in south-western Tanzania; one project in development stage, 90% owned Singida, located in Central Tanzania; and exploration properties covering over 1300 km2 in the under explored ex-colonial mining areas of the geologically rich Lupa Goldfield surrounding the New Luika Gold Mine as well as 65 km² of prospecting licences at Songea in south-western Tanzania.

 

The Company's operations are located in Tanzania, which has attractive characteristics in terms of both the business climate and gold mining tradition. Compared to many other parts of Africa, Tanzania’s considerable gold resources are under-explored and under-developed.

Current Operations

Shanta Gold's portfolio of properties includes prospecting licences which cover a total surface of over 1,300 km2.


Mining licences are held at both New Luika and Singida and mining production commenced at New Luika in August 2012.

 

 

 

New Luika Gold Mine

 

Key facts:

 

Location - Chunya Administrative District, Mbeya region in the Lupa Goldfield of south west Tanzania, the second largest gold producing region in Tanzania in the 1900s

 

Size - One prospecting licence covering 49 km² and three mining licences covering 16 km²

 

Ownership - 100% owned by Shanta Mining Company Limited (SMCL)

 

Production - Conventional three stage crushing, two mills in parallel and a carbon in leach operation

 

Project status - Commissioned in August 2012 and producing >7,000 oz per month by June 2014. A new elution & electrowinning plant installed in Q2 2014 and new crusher plant commissioned in September 2014.

 

For more information please CLICK HERE

 

Singida

 

Location - Ikungi Administrative District, Singida Region, central Tanzania

 

Size - Three prospecting licences covering approx 92 km². Three mining licences covering 30 km²

 

Ownership - One of the mining licences is wholly owned by Shanta Mining Company Ltd (SMCL); while GL Jossue & JB Joel Limited hold a 10% minority interest in two of the mining licences.

Depending on the option chosen, the minority holder will have up to a 10% earned interest or a smaller royalty. SMCL has over 90% ownership of the Singida mining licences and 100% ownership of the prospecting licences.

 

Project status - Advanced; early development. The company is currently updating the Definitive Engineering Study (2011) targeted for completion in H1 2015.

 

For more information please CLICK HERE


 

Songea

 

Location - Mbinga and Songea Administrative Districts in the Ruvuma Region of southern Tanzania

Extent - Three prospecting licences covering approximately 65km²

Ownership - Wholly owned by Shanta Mining Corporation Limited (SMCL)

Project status - Early

 

For more information please CLICK HERE


Management

Board of Directors

 

Anthony Durrant - Non-Executive Chairman

Mr. Durrant has had a long and distinguished career in the global natural resources sector, having formerly been the Global Head of Metals & Mining at UBS Investment Bank.  He is currently Chairman of the Investment Advisory Committee of New York based Arias Resource Capital Management, which manages private equity funds investing in Latin American mining.  Mr. Durrant brings significant experience in capital markets and natural resources.  Mr. Durrant has longstanding links to East Africa.

 

Michael Houston - Chief Executive Officer

Mr Houston has over 35 years mining experience, primarily within the Anglo American Group in Zimbabwe where he was responsible for managing several small to medium sized mining companies. After Anglo American, he became Chief Operating Officer of Zimplats before being promoted to Chief Executive and latterly as Chairman. During his tenure, Zimplats’ platinum operation was transformed from a brownfield project to a fully integrated and highly successful mining company. Mr Houston remains a non-Executive director of Zimplats.

 

Ketan Patel - Non-Executive Director

Mr Patel was a founder of Shanta Gold in 2001 and is a member of the Audit, and Remuneration and Nominations committees of the Board. He has worked extensively in trading organisations in the UK and since 1986 has traded agrocommodities internationally. Mr Patel has extensive commercial interests in Tanzania and is a senior director of Export Holdings (Pty) Ltd and Managing Director of the Sea Cliff and White Sands Hotel in Dar Es Salaam.

 

Robin Fryer - Non-Executive Director

Mr Fryer has had a long and distinguished career with Deloitte where he was the lead partner of the Deloitte Mining Industry. He is also chair of the Company’s audit committee.

 

Luke Leslie - Non-Executive Director

Mr Leslie is the Head of Origo Partners Metals & Mining Private Equity.  He is a member of the Audit committee of the Board. Mr Leslie has 10 years of transaction experience in Metals and Mining, including time with the Metals and Mining team at UBS Investment Bank, and with the Natural Resources team at Accenture.  In addition to the Kincora Copper (KCC:TSX) Board of Directors, he is a member of the Board of Directors of Moly World, China Commodities Absolute Return Fund, MSE Liquidity Fund and Resource Investment Capital.

 

John Rickus - Non-Executive Director

Mr Rickus is a highly experienced mining executive with over 40 years experience in the mining industry throughout the world. For almost three decades John fulfilled a variety of executive global roles for Rio Tinto including managing director of Rio Tinto Technical Services and President of the Resolution copper project in Arizona. Most recently he was Chief Executive, and is currently Chairman, of Kincora Copper Limited.

Major Shareholders

As at October 22 2014 there were 464,388,679 ordinary shares in issue. 

 

Major shareholders are those with shareholdings of 3% or more. As at 22 October these were disclosed to be:

 

 

Information taken from Company website 04.11.2014

  • Additional Information
    Market
    AIM
    EPIC
    SHG
    Share Price
    8.88p
    Change
    0.13
    Volume
    273,451
    Dividend
    0
    EPS
    0.16
    Shares
    464.39 m
    Offer
    9
    Bid
    8.75
    Avg. Vol
    568,094
    Yield
    0.00
    P/E
    55.50
    Mkt Cap
    £41.24 m
  • Latest Stocktube
    21/01/2014

    Shanta Gold sees costs coming down further after record output

    View full size
  • Contact Information

    Tanzania registered office

     

    Shanta Mining Company Limited

    Plot 950, Chole Road

    Masaki

    P.O Box 79408

    Dar es Salaam

     

    Tel: +255 (0) 22 2601 829

    Tel: +255 (0) 22 2601 831 / 32

    Fax: +255 (0) 22 2112 341

     

    Guernsey registered office

     

    Suite A, St Peter Port House

    Sausmarez Street

    St Peter Port

    Guernsey GY1 3PG

     

    Tel: +44 (0) 1481 726 300

     Fax: +44 (0) 1481 729 200

    Corporate Information

    Secretary and Registered Office:

    Provident Trustees (Guernsey) Limited

    PO Box 240, Suite A

    St Peter Port House

    Sausmarez Street

    St Peter Port

    Guernsey GY1 3PG

    Tel: 01481 726300

    Contact: Anna Rudd

     

    Nominated Adviser and Broker:

    Peel Hunt LLP

    (Nominated Adviser & Joint Broker)

    Moor House, 120 London Wall

    London EC2Y 5ET

    Tel: +44 (0) 20 7418 8900

    Contact: Matthew Armitt / Ross Allister

     

    GMP Securities Europe LLP

    (Joint Broker)

    Stratton House, First Floor

    5 Stratton Street

    London, England W1J 8LA

    Tel: +44 (0)20 7647 2800

    Contact: Richard Greenfield / Alexandra Carse

     

    Auditors:

    BDO Novus Limited

    Place du Pré

    Rue du Pré

    St Peter Port

    Guernsey

    GY1 3LL

     

    Competent Persons:

    David Briggs Pr.Sci.Nat (Registration Number: 400225/09)

    NHD Economic Geology

     

    Philip van Vuuren BSc (Min) Eng, BComm, (UNISA)

    SAIMM (member number 20424)

    ECSA (member number 865248)

     

    Solicitors:

    UK AIM:

    Memery Crystal

    44 Southampton Buildings

    London WC2A 1AP


    Guernsey:

    Carey Olsen

    8-10 Throgmorton Avenue

    London

    EC2N 2DL

     

    Principal Bankers:

    UBS

    Place Pury 5

    2000 Neuchâtel

    Switzerland

     

    Financial Public Relations:

    FTI Consulting

    200 Aldersgate

    Aldersgate Street

    London

    EC1A 4HD

    Tel: +44 (0)20 3727 1000

    Contact: Oliver Winters / Sara Powell

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