Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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.

 
Meet Faron Pharmaceuticals Ltd, Silence Therapeutics plc and Scancell Holdings Plc at our event, London , 01 November 2018. Register here »
View full SHG profile View Profile

Shanta Gold Limited Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use