Shanta Gold boosts first quarter production, reiterates production guidance for between 80,000-85,000 ounces
Shanta Gold has a track record of successful production 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 ups exploration budget as finances improve
The Tanzania-focused gold miner generated revenues of US$113mln (US$104mln) in 2019
Shanta to acquire Barrick Gold’s Kenya projects
Shanta has a track record of success in running East African gold projects
Shanta Gold unveils new resource upgrade for Singida project
The gold producer has reassessed the Singida model, resulting in a new upgrade, as it looks to advance toward a development programme later in 2020.
Shanta Gold eyes net cash position as production exceeds forecast
For 2020, Shanta expects to produce between 80-85,000oz at a sustainable cost of US$830-880/oz.
Shanta Gold says New Luika Gold Mine in South West Tanzania has successfully connected to the state power grid
Eric Zurrin, Shanta Gold chief executive officer, commented: "This is a significant milestone for the New Luika Gold Mine given power generation currently represents over 25% of our cash costs"
Shanta returns high grade gold in exploration drilling around the New Luika mine
The New Luika mine has already built up a track record of production
Shanta Gold shines as it unveils significant resource increase at New Luika gold mine
Newly drilled targets have increased indicated resources at the project to 219,408 ounces, 219% higher than the 57,916 ounces announced at the end of 2017
Shanta Gold slashes debt as production improves
Tanzania-based gold miner posted both profits and cash flow up 60% in the third quarter
Latest drilling from Shanta boosts prospects of resource upgrade to support New Luika gold production
Shanta has a long track record of gold production at the New Luika mine
Bristow clears the log-jam in Tanzania, but major questions still remain
Tanzania has been giving an uncertain welcome to miners in recent years
Shanta Gold books first half revenue of US$53.6mln, cuts debt by 25%
Gold production was up 11%, and the company set a new quarterly record for tonnes milled
Shanta Gold tees up US$10mln loan for Singida development
The loan requires at least US$15mln to be raised when Singida is floated on the Dar es Salaam stock exchange.
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