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"