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AIM:SHG OTC:SAAGF

Shanta Gold Ltd

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Market:
AIM
Price
14.50 GBX
Day Change
4.32%
Market Cap:
£152.47 m
52 weeks high
14.90
52 weeks low
8.60

In brief

Shanta Gold Ltd is an East Africa-focused gold producer, developer, and explorer.

The company has an established operational track record, with defined ore resources on the New Luika and Singida projects in Tanzania, with reserves of 625 koz grading 2.91 g/t, and exploration licences covering ~800 km2 in the country.

Alongside New Luika and Singida, Shanta also owns the high-grade West Kenya Project in Kenya and licences with resources of 1.7 million ounces.

Snapshot

  • Shanta Gold bidder highlights proxy firms' recommendations
  • Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up
  • Shanta Gold's good run of form continuing, says broker
  • Shanta Gold CEO says "life is good at Shanta" ahead of planned handover