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Shanta Gold extends New Luika mine life as debt continues to 'melt off the balance sheet'

Shanta Gold Limited's (LON:SHG) Eric Zurrin speaks to Proactive's Andrew Scott while at the Mines & Money conference in London 2019.

Shanta's recently unveiled a “significant increase” in reserves and resources at its New Luika gold mine in Tanzania.

Newly drilled targets have increased indicated resources at the project to 219,408 ounces, up from 83,543 announced in mid-July and 219% higher than the 57,916 ounces announced at the end of 2017.

Inferred resources, meanwhile, have increased to 94,007 ounces from 74,427, with further drilling planned to prove this up.


Quick facts: Shanta Gold Limited

Price: 8.9 GBX

Market: AIM
Market Cap: £70.66 m

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Shanta Gold's Eric Zurrin reports steady production and operations at its...

Just back from a trip to Africa, Shanta Gold PLC's (LON:SHG) Eric Zurrin tells Proactive London's Andrew Scott production at its operations are as expected and operations are steady. ''Nothing's changed  ... governments are supportive both in Kenya and Tanzania''. ''Despite what's...

2 weeks, 6 days ago

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