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Shanta Gold enters new chapter with net cash as production continues to increase

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 second quarter-end, the first such occasion in its producing history having had net debt of US$15.1mln at the end of the first quarter in 2020.

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