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Q2 'looking great' for Shanta Gold with production running well

Eric Zurrin, chief executive of Shanta Gold PLC (LON:SHG), chats to Proactive's Andrew Scott following the release of their first quarter update.

Output in the three months to March was 17,663 gold ounces against 21,288 in the previous quarter, though this was in line with the annual target of between 82-88.000oz.

New Luika recently started underground production and Shanta is focused on reducing debt incurred from establishing below surface work.

Net debt fell to US$37.5mln after an operating cash inflow of US$7.1mln, which is the lowest borrowing level since the end of 2012.

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