Shanta Gold appoints Yuri Dobrotin as its group exploration manager
Dobrotin is a global expert in gold exploration with 35 years' experience and joins Shanta from Barrick Gold where he was a senior district geologist in Tanzania
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 closes out hedge book, and looks forward to improved free cash generation in 2021
Shanta Gold has a well-established track record of production in East Africa
Shanta Gold highlights encouraging results from drilling at New Luika gold mine
The company said newly reported intersections from drilling at the Luika deposit and the Porcupine South target are outside existing mineral reserves and will be incorporated into the next update of the mine plan
Shanta Gold can double in value over next year suggests Liberum
With further exploration from existing proximal targets, the company hopes to triple the existing resource to 3 Moz.
Shanta Gold says fundraising for drilling at West Kenya Project "significantly oversubscribed"
As a result of the significant demand generated during the bookbuild process, the participants in the placing agreed on a pro-rata basis to take part in a secondary trade to acquire 54,650,211 ordinary shares owned by Barrick Gold Corporati
Shanta Gold produces nearly 20,000 ounces of gold from New Luika during the third quarter
Shanta has a consistent track record of successful gold production in Tanzania
Shanta Gold target hiked by Liberum following strong scoping study results at West Kenya
The broker said the results of the study were “attractive” and that based on the data the project will deliver a post-tax NPV of US$227mln, more than the company’s present market cap
Shanta Gold posts strong numbers in West Kenya scoping study
Shanta already has a strong track record of significant gold production in Tanzania
Liberum hikes share price target for Shanta Gold
“Based on existing reserves, the mine life is seven years but with the large resource base and conservative conversion assumptions, it should stretch to over 20 years,” the analysts said
Shanta Gold starts construction of Singida Project in Tanzania
The mine will increase Shanta's group production to 110,000 ounces in the first full year of operation and have average annual underlying earnings of US$27mln
Shanta to boost processing capacity at the New Luika gold mine yet again
Shanta is also expecting to increase output in the medium term with the addition of production from Singida
Shanta Gold’s US$90mln cashflow from New Luika will underpin development work on the district-scale West Kenya project
Shanta Gold has built up a strong track record of gold production
Shanta Gold well positioned to take advantage of high gold prices, says house broker
In an initiation note, analysts at Liberum said the miner “can deliver on many fronts simultaneously” and that its West Kenya resource could be “transformative” for the company
Shanta Gold is sitting on district-scale gold potential at West Kenya
Shanta already has a track record of successful gold production in Tanzania
Shanta Gold bolsters New Luika mine reserves and resources
“The company is two-thirds of the way through the 2020 exploration budget of US$5mln and, so far, reserves have increased by 75,000 ounces,” said chief executive Eric Zurrin
Shanta Gold books significant increase in revenues for six months to June
Shanta Gold has a long track record of successful gold production in Tanzania
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Today's Market View - Gold Fields, Power Metal Resources, Shanta Gold and more...
Gold Fields (JSE:GFI) – R21,519, Mkt cap R190bn – Profits rise as gold prices lift margins Power Metal Resources* (LON:POW) 1.35p Mkt Cap £9.6m – Increased ownership in Haneti project Shanta Gold (LON:SHG) 17p, Mkt Cap £143m – Barrick becom
Shanta Gold completes Kenyan gold acquisition from Barrick
The transaction sees Shanta take control of a significant asset and Barrick takes a 6.4% stake in the AIM-quoted gold firm.
Shanta Gold boosts production in second quarter, boosts cash position significantly
Eric Zurrin, the group's chief executive officer, commented: "Shanta enters a new chapter with a net cash position, completing a period of enormous deleveraging"
Shanta Gold eyes Singida mine development as it confirms gold reserves
Shanta also told investors that financing talks for the development of Singida are at an advanced stage