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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.
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Proactive news highlights: Featuring Sound Energy; Shanta Gold, Allergy Therapeutics and more…
Sound Energy’s latest Morocco well flowed close to a billion cubic feet of gas during tests; Shanta Gold said it’s ahead of both cost and production targets; plus much more…
Shanta Gold ahead of both cost and production targets
Output from the New Luika mine in 2016 totalled 87,713oz, which was a record for the Tanzania-based junior
Shanta Gold intersects first gold underground at New Luika
The intersect occurred just after the nose fault, as predicted in the geological model,
Shanta Gold expects production at the top end of guidance
The company has two projects on the go in Tanzania - the first is a producing gold mine and the other is still in the development stage.
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Shanta receives US$5.25mln advanced silver streaming payment
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