RWS Holdings weak as it launches placing funded US$320mln acquisition
A look at some of the biggest risers and fallers in London today
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 look at some of the biggest risers and fallers in London today
Investec has offered a new US$50mln loan facility that will replace the gold miner’s existing US$40mln arrangement
FTSE 100 closed at 7,542, below last Thursday’s closing high of 7,556.24 while the Dow soared above the 23,000 level today
Shanta Gold's recent production ramp-up in Tanzania is unlikely to be derailed by the current uncertainty there
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Tanzanian royalty claims have alarmed investors, but it's nothing new in resources and not even specific to Africa
Under the original agreement, since ended, Shanta agreed to buy Helio in June
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Most of the costs will be saved by reducing external contractors working at the New Luika mine
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Bezant Resources shares zipped higher after it confirmed the first commercial gold and platinum production at its Choco project in Colombia
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A look at some of the biggest risers and fallers in London today
Shanta repeated its output guidance for 2017 of between 80,000 and 85,000 gold ounces
Down on the day but up on the week - just. The FTSE 100 finished down 64 points on the day
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Some of the day's headlines on the Proactive Investors newswire
A look at some of the biggest risers and faller in London today ...