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Shanta Gold now leaner and stronger as they respond to changes in Tanzania

Shanta Gold PLC's (LON:SHG) recently appointed chief executive Eric Zurrin talks Proactive's Andrew Scott through the Tanzania miner's new focus and strategy.

''We've been experiencing some changes in Tanzania and we've been responding as a company with our own improvements'', Zurrin says.

''There's been some positive changes made to management, positive changes to cost reductions and really around improving the structure of our business to ensure we're as strong and as lean as possible going into the current cycle''.

Quick facts: Shanta Gold Limited

Price: 16.23 GBX

AIM:SHG
Market: AIM
Market Cap: £128.86 m
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Shanta Gold enters new chapter with net cash as production continues to increase

Shanta Gold Ltd's (LON:SHG) Eric Zurrin tells Proactive London's Andrew Scott they produced 22,216 ounces of gold from its New Luika mine in Tanzania during the second quarter of 2020, up on the 20,167 ounces produced in the first quarter. Zurrin adds that they had net cash of US$2.1mln at the...

3 weeks, 3 days ago

2 min read