Company
Shanta Gold Ltd
LON:SHG
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 km 2 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.
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Shanta Gold accepts takeover offer at just above market price
The offer from Shanta director Ketan Patel's company values the miner at a 6% premium to last night's close
Shanta Gold on track as Singida exceeds targets again
“Production [at Singida] throughout the quarter remained above 3,000 oz per month"
Shanta Gold jumps 13% after 'perfect start' for Singida
Shares jumped on strong quarterly numbers
Shanta Gold production and profits surge in 'outstanding' quarter
Underlying profits jumped 209% helped by lower costs and a strong gold price
Shanta Gold declares commercial production at new mine Singida
Shanta is now a 100,000oz a-year gold producer
Shanta Gold's local procurement spend soars in 2022
Community spending jumped to US$94mln in 2022 from US$300,000
Shanta Gold's West Kenya project an 'outstanding gold prospect' suggests broker
In a statement today, Shanta added 344,000 oz to the resource at WSest Kenya's Kakamega camp
Shanta Gold hails some of the best drilling results this year from Isulu deposit at West Kenya project
"The results that we have announced this morning are some of the best that we have delivered to the market this year," said chief executive Eric Zurrin
Shanta Gold ends bid talks as value not recognised in offers
After five years, Shanta is a 'transformed' company says chief executive
Shanta hits more high gold grades in West Kenya drilling
Shanta is well supported by a long track record of gold production from projects in Tanzania
Shanta Gold says Yintai Gold does not intend to make an offer
Shanta Gold also announced a positive drilling update at its New Luika gold mine in Tanzania
Shanta Gold ups production in latest quarter
The East Africa-focused miner recently received three bid approaches
Shanta Gold says Yintai bid approach is for cash
Gold groups Shandong, Yintai and Chaarat have all expressed an interest in Shanta
Shanta Gold mulls three takeover approaches
Chinese firms Shandong Gold and Yintai Gold plus London-listed Chaarat Gold are all eyeing a deal
Shanta Gold past the grades trough, says broker
Production will lift materially from 52,000oz over the past 12 months to more than 100,000oz by first quarter 2023
Shanta Gold says second half started 'very strongly'
“We believe the second half of the year is set to be a bright one for the company,” said Shanta chief executive Eric Zurrin
Shanta Gold says Singida 70% complete, first gold early next year
“The completion of this mine will transform Shanta Gold into a +100,000 oz/pa producer," said CEO Eric Zurrin
Shanta Gold lifts quarterly gold production by 54%
Singida site in Central Tanzania expected to open next March
Shanta Gold exceeds its second-quarter production target
Construction at the Singida project was 63% complete at end-June and is on track for first gold production in March 2023
Shanta Gold gets maiden mining licence close to NLGM processing plant
"Porcupine South will become the central piece to a district play covering highly prospective surrounding prospecting licences also owned by Shanta,” said chief executive Eric Zurrin
Shanta Gold confident will hit full year guidance as it takes out a new loan to help accelerate growth
Shanta has a long track record of gold production in Tanzania and significant exploration upside in Kenya
Shanta Gold reports further exceptionally high gold grades from drilling at its West Kenya project
One drill hole at the Bushiangala deposit intercepted 1.5m at 1.54g/t gold, including 13.8m at 46.69g/t and 0.5m at 1,015.30g/t
Shanta Gold confident production will recover in 2022
"Shanta [is] on a clear path to becoming a +100,000oz producer by early 2023”
Shanta’s solid first quarter shows it on track to be 100,000oz per year gold producer by this time next year
Shanta has a well-established track record of production at New Luika
Shanta Gold releases inaugural sustainability report
The gold producer will focus on setting clear targets this year as part of mandatory TCFD reporting for AIM-listed companies
Shanta Gold reveals 31% increase in total resources for its West Kenya project
Our geologists [are] confident that up to an additional 700,000oz of inferred resources can be converted to indicated in 2022,” said chief executive Eric Zurrin
Shanta Gold 'delighted' with West Kenya drill results
"The region is a major new gold district and an area of massive future growth for the company.”
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Shanta Gold reports 'oustanding' results from further drilling on Isulu and Bushiangala deposits
Ongoing drilling at the Isulu and Bushiangala deposits is aimed at upgrading ounces from the inferred estimate of 1.18mln ounces stated in 2017 into the more certain indicated resource category
Shanta Gold says construction at Singida project on schedule
Singida will transform Shanta from a single asset gold producer to a +100,000 oz per year diversified gold miner
Shanta replaces mined gold with new reserves and resources in Tanzania
Shanta has a well-established track record of gold production in Tanzania
Shanta Gold forecasts 23% higher production at least in current year
"Looking ahead to 2022, we've announced increased production guidance of 68,000 - 76,000 oz"
Miners take a hit as broker dishes out downgrades
Anglo American has been downgraded to 'hold', while Rio Tinto and Antofagasta are now a 'sell'.
Shanta Gold predicted to triple in price despite today's reduced production guidance
Market confidence will be hurt by the cut in production guidance but the company's Nomad noted that prior to this year the company had enjoyed a solid track record.
Shanta reduces gold production guidance for 2021, following the supply of unreliable emulsion
Shanta remains supported by cash on the balance sheet and chunky operational cashflow from New Luika
Shanta Gold confident its West Kenya project can hold 5mln ounces
The gold mining company believes the project help it achieve another milestone
Shanta Gold reports further high-grade results from its West Kenya project
"This is the most consistently high-grade drilling programme we've ever conducted at any asset in Shanta's history,” said chief executive Eric Zurrin.
Shanta Gold reports high grades from drilling outside existing reserves at New Luika mine
The New Luika mine, in South Western Tanzania, achieved its first commercial production in 2012
Shanta remains on track to add second revenue stream in 2023 with gold production from Singida
Shanta already has a well-established gold mine at New Luika
Shanta Gold kept as 'buy' as grades tipped to improve
The East African-focused gold producer today reported flat third quarter production
Shanta Gold reports steady gold output and exploration success in third quarter
“Our outlook remains positive as we work towards our five-year plan and ambition to become a 100,000+ oz gold producer by 2023," said chief executive Eric Zurrin
Shanta Gold reports its first indicated resource for the West Kenya project
A total of 117,600 ounces, grading 7.04 grammes a tonne, were converted to the indicated category at a conversion rate of over 100%
Shanta Gold pushes on towards 110,000 ounces per year, with significant added upside at West Kenya
Shanta Gold has successfully been producing gold in Tanzania for some years now
Shanta hits more high grade gold at West Kenya
Shanta already has a strong track record of gold production across the border in Tanzania
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Shanta Gold cash flow underpins expansion plans says Liberum
"West Kenya meanwhile continues to shoot the lights out on exploration"
Shanta Gold upbeat on future on the back of strong finances
The gold producer is paying an interim dividend of 0.10p
Shanta Gold reports second-best exploration result this year across all key commodities, says Liberum
“In the West Kenya drill results update yesterday was a truly remarkable hit of 4 metres at 706 g/t [grammes a tonne], including 0.5m at 5,643g/t,” Liberum said
Shanta Gold reports further high-grade drilling results from its West Kenya gold project
"We believe this asset has the potential to be a high-quality gold development project that could be transformational for Shanta," said chief executive Eric Zurrin
Shanta Gold cuts 2021 output guidance, but remains on track to become a mid-tier gold producer in Africa
It expects average annual gold production from its Tanzanian assets to increase to about 116,000 ounces from 2023-2025
Shanta Gold increases gold resources in Tanzania's New Luika mine
116,247 ounces grading 6.47 g/t have been added to indicated resources at the mine in the first half
Shanta Gold reports high grades from phase 1 drilling programme at West Kenya project
"We have delivered some of the best drilling results we've ever seen at Shanta," said CEO Eric Zurrin
Shanta Gold announces high-grade drilling results from West Kenya gold project
New intercepts indicate that exceptional high-grades should be present not only below the 400 metre depth, as previously thought, but also at higher levels of the deposit
Shanta Gold reduces debt to US$1.4mln on early repayment of Exim loan facility
"The early repayment of the Exim loan facility and the repurchasing of all outstanding convertible loan notes demonstrates our financial discipline," said chief executive Eric Zurrin
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Shanta boosted by exploration success at New Luika and West Kenya
Shanta has already built up a successful track record of gold production in Tanzania
Shanta Gold reports encouraging drilling results from New Luika gold mine, West Kenya and Singida projects
Early drilling results positive across all three assets including one of the best holes drilled at the Luika deposit
Shanta Gold boosts revenues and profits from East African gold operations
Shanta has a strong track record of gold production in Tanzania
Shanta Gold sees quarterly production rise again, as exploration activities in East Africa step up a gear
Shanta Gold has built up a strong track record of production in Tanzania
Shanta Gold confirms reserves and resources ahead of new drilling
“Drilling is currently ongoing at all three of Shanta's assets, including at our West Kenya Project where a second rig is now operational," said chief executive Eric Zurrin