Shanta Gold finds more minerals at Elizabeth Hill, on track to hit production targets

17th Sep 2015 09:45

(ShareCast News) - Shanta Gold's share price rose after the company announced it is likely to meet its full year trading targets in south-west Tanzania, as well as an increase in minerals at the Elizabeth Hill prospect.The East Africa focused gold producer revealed production and costs at the New Luika Gold Mine have been maintained at budgeted levels.It expects to produce of 72,000 to 77,000 ounces of gold in the financial year.The company also announced the total mineral resources at Elizabeth Hill has increased by 40,000 ounces, up 46% from the last report in 2011.Shanta Gold's share price increased slightly to 4.44p, up 0.32p at 0958 BST.

Top Risers

Share	Price	Change
Keywords Studios Plc (KWS)	2,334.00	58.78%
ValiRx (VAL)	3.45	56.82%
ADVFN (AFN)	14.50	38.1%
Indus Gas (INDI)	17.10	30.53%
Ct Automotive (CTA)	67.50	20.54%

Top Fallers

Share	Price	Change
Metals One (MET1)	1.10	-18.52%
Bivictrix Thera (BVX)	10.00	-13.04%
Haydale (HAYD)	0.39	-12.36%
Kore Potash (KP2)	0.95	-10.38%
Supply@me Cap (SYME)	0.0175	-10.03%

Top By Volume

Share	Price	Volume
Mosman Oil Gas (MSMN)	0.0255	453,769,231
Baron Oil (BOIL)	0.0675	315,500,149
Kefi Gold (KEFI)	0.788	307,823,100
Supply@me Cap (SYME)	0.0175	259,460,581
Tower Resources (TRP)	0.0175	251,870,172

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.