logo-loader
viewShanta Gold Limited

Shanta Gold 'rapidly paying down its debt' as New Luika continues to impress

Shanta Gold Ltd's (LON:SHG) Eric Zurrin caught up with Proactive London's Andrew Scott to talk through the miner's Q3 update.

Shanta paid down nearly a quarter of its debt in the period, shrinking net debt to US$20.7mln, down 50% over the past year, while its cash balance ticked up to $5mln.

Meanwhile production at New Luika's continued to improve.

The 22,726 oz unearthed is up 14% compared to the second quarter, with an increased average head grade of 4.5 grammes per tonne.

Quick facts: Shanta Gold Limited

Price: 8.6 GBX

AIM:SHG
Market: AIM
Market Cap: £67.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shanta Gold Limited named herein, including the promotion by the Company of Shanta Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Horse Hill well now 'two-thirds of way through sweet spot'

Headlines from the Proactive UK newsroom. Alba Minerals (LON:ALBA) has noted the report by operator UKOG that the Horse Hill-2Z well near Gatwick is now two-thirds of the way through the sweet spot and that sections of possible increased reservoir quality have been encountered.  Anglo...

2 weeks ago

2 min read