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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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Shanta Gold breaks more records in Tanzania
New Luika produced just under 81,900 ounces of gold in 2015
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Proactive weekly mining news - Shanta Gold, Condor, and Weatherly International
Production appeared to be the name of the game for diggers this week....
Shanta Gold production soars in second half
New Luika’s output rose to 29,139 ounces in the three months to December, 19% higher than the previous quarter,
Settled-down Shanta Gold has much in its favour says broker
While the New Luika gold mine has been in production for three years, only now has it settled into cash-generative operation.
Shanta Gold costs plunge ahead of production hike
Second quarter costs dropped to just under US$1,160 per ounce, while third quarter costs came in at well below US$700.
Shanta Gold's shares could rise soon reckons Peel Hunt
The broker has re-launched coverage on the firm with a, 8.8p price target
Proactive weekly mining round-up including Asiamet, Tango Mining, Shanta Gold, SolGold and more...
Stratex, Sunrise, Alexander Nubia, Sirius and Richland Resources also reported...
Investments and investor services
FTSE100 ends lower despite some big gainers
Costa Coffee and Premier Inn owner Whitbread and Holiday Inn-owner Intercontinental Hotels Group did their best to boost the index.
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Proactive news highlights: Shanta Gold, SolGold, Xtract Resources, REM, Condor Gold, Teathers...
Life was sweet in the world of the small cap miners today.
Positive eurozone bank news fails to lift shares
The FTSE 100 Index was 16.47 points adrift at 6335 by lunchtime
Investments and investor services
Risers & Fallers: ASOS, Minoan, Tesco, Condor gold, Whitbread and Nighthawk Energy
Below are the main news-driven share price movements at 4pm.
Shanta Gold has record quarter at New Luika
Output totalled 25,550 ounces in the three months to September.
Proactive weekly mining round-up: Alecto Minerals, KEFI Minerals, Metal Tiger, Kibo Mining and more
Others with news out included Bushveld Minerals, Paragon Diamonds, Shanta Gold and ZincOx Resources.
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Proactive mining news summary: Alecto, Asiamet, Bushveld, China Nonferrous, Ironridge, Landore ...
The end of quarter is approaching so companies were rushing out end-June trading updates, leading to a very heavy news day.
Shanta Gold lays out five year plan for New Luika
Over the period 2016-2022 New Luika, in Tanzania, will produce 443,000 oz in total under the new plan.