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Company

Shanta Gold Ltd

LON:SHG

Shanta Gold Ltd is an East Africa-focused gold producer, developer, and explorer. The company has an established operational track record, with defined ore resources on the New Luika and Singida projects in Tanzania, with reserves of 625 koz grading 2.91 g/t, and exploration licences covering ~800 km 2 in the country. Alongside New Luika and Singida, Shanta also owns the high-grade West Kenya Project in Kenya and licences with resources of 1.7 million ounces.

487 stories · page 10 of 25

Gold & silver

Shanta Gold whittles away debt

"Shanta continues to deleverage its balance sheet despite not receiving the long-awaited VAT refund. This has been achieved through disciplined cost control and better capital allocation decisions"

By Proactive