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
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
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
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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.
Investing in gold equities in London isn’t what it used to be, but there are still plenty of attractive opportunities to be had lower down the market
London lacks a gold mining champion of any real substance
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Shanta Gold to IPO Singida in second half of the year
"Shanta has completed the transition to one of the least geared UK listed gold producers.
Metalla Royalty and Streaming provides portfolio update
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Shanta Gold extends New Luika mine life through to 2025
Exploration at the Bauhinia Creek (BC) Central deposit has converted 127,000 oz of inferred resources into 83,000oz indicated
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Shanta Gold pleased with phase 2 drilling results at New Luika
The results of the first and second phases of the New Luika drilling campaigns will be combined and analysed.
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Shanta Gold eyes New Luika life extension as high grades continue at depth
Drilling below the existing reserves suggested the underground mining operation can go down for at last another three levels
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FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
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Primark owner AB Foods to take results spotlight on Wednesday
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Trifast finishes financial year with a flourish
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Shanta Gold makes strong start to year and confident of hitting targets
The Tanzania-focused gold miner added it expects to be debt-free by the middle of next year
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The UK's premier stock index finished down around 11 points at 7,459
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Shanta Gold to float Singida gold asset on Tanzanian stock exchange
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FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
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Shanta Gold intersects first underground ore at Ilunga
Shanta is building a strong production track record in Tanzania
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Shanta Gold revenue and earnings rise as gold production beats expectations
"2018 was a transformational year for Shanta, both operationally and financially,” said Eric Zurrin, Shanta chief executive
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PipeHawk wins major contract
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GCM gets boost from PowerChina (again)
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Shanta Gold to double exploration spend as annual production beats target
Underlying profits jumped by 21% in 2108 as fourth-quarter production soared
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Premier African shares rise as it signs restructuring framework agreement with KME
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Shanta Gold production to top 100,000oz a year once Singida comes on stream in 2020
Shanta is on track to hit its 80,000oz target this year, but Singida will add another 26,000oz to that figure when it is up-and-running in 2020
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FTSE 100 closes lower as traders stay wary; Ashtead Group biggest faller
FTSE 250 was also down - closing around 58 points lower at 18,271
Shanta Gold says fourth quarter looks set to be strongest period yet
Shanta expects production to top 100,000 ounces of gold a year once its Singida project in Tanzania comes on stream in 2020
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Sativa Investments shares light up; discoverIE Group shares march higher
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Shanta Gold whittles away debt
"Shanta continues to deleverage its balance sheet despite not receiving the long-awaited VAT refund. This has been achieved through disciplined cost control and better capital allocation decisions"
FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
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