Shanta Gold’s first pour at the new Singida mine in Tanzania is a major milestone for the group, says house broker Liberum
“Site construction there started just over two years ago; delivered on time and on budget and avoiding the worst of the global inflation shock,” it added.
The ramp-up to commercial output is Singida’s next challenge, though operations have been de-risked with the ROM pad and plant being well supplied, Liberum said.
Five-year guidance should be provided by the company in the coming quarter, noted the broker which is sticking with a ’buy’ recommendation and 18p price target.