Shanta Gold reports steady gold output and exploration success in third quarter
“Our outlook remains positive as we work towards our five-year plan and ambition to become a 100,000+ oz gold producer by 2023," said chief executive Eric Zurrin
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 reports its first indicated resource for the West Kenya project
A total of 117,600 ounces, grading 7.04 grammes a tonne, were converted to the indicated category at a conversion rate of over 100%
Shanta Gold pushes on towards 110,000 ounces per year, with significant added upside at West Kenya
Shanta Gold has successfully been producing gold in Tanzania for some years now
Shanta hits more high grade gold at West Kenya
Shanta already has a strong track record of gold production across the border in Tanzania
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Shanta Gold cash flow underpins expansion plans says Liberum
"West Kenya meanwhile continues to shoot the lights out on exploration"
Shanta Gold upbeat on future on the back of strong finances
The gold producer is paying an interim dividend of 0.10p
Shanta Gold reports second-best exploration result this year across all key commodities, says Liberum
“In the West Kenya drill results update yesterday was a truly remarkable hit of 4 metres at 706 g/t [grammes a tonne], including 0.5m at 5,643g/t,” Liberum said
Shanta Gold reports further high-grade drilling results from its West Kenya gold project
"We believe this asset has the potential to be a high-quality gold development project that could be transformational for Shanta," said chief executive Eric Zurrin
Shanta Gold cuts 2021 output guidance, but remains on track to become a mid-tier gold producer in Africa
It expects average annual gold production from its Tanzanian assets to increase to about 116,000 ounces from 2023-2025
Shanta Gold increases gold resources in Tanzania's New Luika mine
116,247 ounces grading 6.47 g/t have been added to indicated resources at the mine in the first half
Shanta Gold reports high grades from phase 1 drilling programme at West Kenya project
"We have delivered some of the best drilling results we've ever seen at Shanta," said CEO Eric Zurrin
Shanta Gold announces high-grade drilling results from West Kenya gold project
New intercepts indicate that exceptional high-grades should be present not only below the 400 metre depth, as previously thought, but also at higher levels of the deposit
Shanta Gold reduces debt to US$1.4mln on early repayment of Exim loan facility
"The early repayment of the Exim loan facility and the repurchasing of all outstanding convertible loan notes demonstrates our financial discipline," said chief executive Eric Zurrin
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Shanta boosted by exploration success at New Luika and West Kenya
Shanta has already built up a successful track record of gold production in Tanzania
Shanta Gold reports encouraging drilling results from New Luika gold mine, West Kenya and Singida projects
Early drilling results positive across all three assets including one of the best holes drilled at the Luika deposit
Shanta Gold boosts revenues and profits from East African gold operations
Shanta has a strong track record of gold production in Tanzania
Shanta Gold sees quarterly production rise again, as exploration activities in East Africa step up a gear
Shanta Gold has built up a strong track record of production in Tanzania
Shanta Gold confirms reserves and resources ahead of new drilling
“Drilling is currently ongoing at all three of Shanta's assets, including at our West Kenya Project where a second rig is now operational," said chief executive Eric Zurrin