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Proactive news snapshot: Kodal Minerals, LoopUp Group, Providence Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Company
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.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including N Brown, Range Resources, Arena Events, Origo Partners, Associated British Foods and Sage Group
Underlying profits jumped by 21% in 2108 as fourth-quarter production soared
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A look at back at the week’s top news for the junior miners…
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Wednesday
Shanta is on track to hit its 80,000oz target this year, but Singida will add another 26,000oz to that figure when it is up-and-running in 2020
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FTSE 250 was also down - closing around 58 points lower at 18,271
Shanta expects production to top 100,000 ounces of gold a year once its Singida project in Tanzania comes on stream in 2020
A round-up of the week's news from small-cap mining and exploration companies
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the winner and losers in UK trading during Thursday's session
"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"
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
It was a bleak weak for Wolf Minerals but there was plenty of cheery news elsewhere in the mining sector