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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Gold miners cut costs to combat lower gold price
Gold rebounded slightly today rising US$8 to US$1,105, but that compares with an all-time high of around US$1,920 in 2011.
Investments and investor services
Most followed: Toshiba, AO World, Barclays, HSBC, IG Group, Lloyds Banking, RBS, Shanta Gold
There are lots of departures being announced this morning, but Barclays is keeping mum over reports that it will be announcing more redundancies
Shanta Gold boosts production and cuts costs
Shanta Gold has delivered increased production and lower costs for the first half of the year, and expects further improvements in the months ahead