Shanta Gold has bumper third quarter as it looks to expand New Luika
17th Oct 2019 11:23
(Sharecast News) - East Africa-focussed gold explorer, developer and producer Shanta Gold announced its production and operational results for the third quarter ended 30 September at the New Luika Gold Mine in south west Tanzania on Thursday, reporting an increase in gold production to 22,726 ounces, from 19,856 ounces in the second quarter.
Read moreShanta Gold upbeat on latest drilling results from New Luika
1st Oct 2019 15:04
(Sharecast News) - East Africa-focussed gold producer Shanta Gold reported positive surface exploration drilling results from its ongoing exploration programmes within its existing mining licences at the New Luika Gold Mine (NLGM) in south western Tanzania on Tuesday.
Read moreShanta Gold confirms IPO plans for Singida project
29th Mar 2019 15:27
(Sharecast News) - East Africa-focused gold producer Shanta Gold updated the market on its plans to finance the Singida Gold Mining Project in Tanzania on Friday, reporting that Singida Resources would be proceeding with a targeted $20m minimum equity offering via an initial public offering on the Dar es Salaam Stock Exchange (DSE).
Read moreShanta Gold makes steady progress with Singida project plan
5th Dec 2018 09:47
(Sharecast News) - East Africa-focused gold producer Shanta Gold announced project economics for the Singida Gold Mining Project in central Tanzania on Wednesday, reporting average annual production from open pit mining of 26,000 ounces for an initial six year period.
Read moreFriday broker round-up
19th Oct 2018 13:10
(Sharecast News) - IP Group: Berenberg reiterates buy with a target price of 160p.
Read moreFriday broker round-up
17th Aug 2018 14:22
(Sharecast News) - esure: Barclays upgrades to equal weight with a target price of 280p.
Read moreShanta Gold swings to a profit as cost-cutting starts to pay off
16th Aug 2018 08:49
(Sharecast News) - East Africa-focused gold producer Shanta Gold swung to a profit in the first half of its trading year as the group began to reap the rewards of its stringent cost savings initiatives.
Read moreShanta Gold achieves records at New Luika in 2016
19th Jan 2017 16:48
(ShareCast News) - East Africa-focused gold producer, developer and explorer Shanta Gold announced its production and operational results for the quarter ended 31 December on Thursday, for its New Luika Gold Mine in southwest Tanzania. The AIM-traded firm said quarterly gold production was 18,897 ou
Read moreShanta Gold intersects first underground ore at New Luika
16th Dec 2016 09:08
(ShareCast News) - East Africa-focused gold producer Shanta Gold announced on Friday that on 15 December, its underground development at the New Luika Gold Mine intersected first mineralisation at the Bauhinia Creek deposit. The AIM-traded firm said the intersect occurred just after the nose fault,
Read moreShanta Gold receives $5.25m advance silver-streaming payment
17th Nov 2016 11:22
(ShareCast News) - Shanta Gold has received the advanced payment of $5.25m as part of its silver-streaming agreement (SSA). It would also receive an ongoing payment of 10% of the value of silver sold at the prevailing silver price at the time of deliveries. The SSA relates solely to silver by-produ
Read moreShanta Gold gets JORC upgrade at Tanzania mine after striking gold
7th Sep 2016 12:00
(ShareCast News) - Shares in metal explorer Shanta Gold soared 16% on Wednesday afternoon, as it reported a significant increase in resources and gold at its Tanzania mine. Indicated resource at the Ilunga satellite deposit at the New Luika mine in the Lupa goldfields increased by 406% to 205,347 ou
Read moreShanta Gold optimistic about its Tanzania mining project
15th Jul 2016 15:14
(ShareCast News) - Gold producer, developer and explorer Shanta Gold said it was "very optimistic" about its mining project in Tanzania. In a trading update, the East Africa focused company said its Singida Gold Project was fully supported communities and authorities in Tanzania. The company said t
Read moreShanta Gold starts underground development at New Luika
27th Jun 2016 12:27
(ShareCast News) - East Africa-focused gold producer Shanta Gold said on Monday that its New Luika gold mine has received all requisite approvals for its underground project and the decline development has kicked off. The AIM-listed company said the underground project is fully resourced in terms o
Read moreShanta Gold swings to loss, completes placing
6th May 2016 14:58
(ShareCast News) - East Africa-focused gold producer Shanta Gold swung to a pre-tax loss of $18.1m in 2015 compared with a profit of $16.6m the year before as gold sales and revenue per ounce fell. Revenue fell to $95.7m from $114.9m as the average realised gold price dropped to $1,163 per ounce fro
Read moreShanta Gold reports good results at New Luika
23rd Feb 2016 15:06
(ShareCast News) - A Tanzanian drilling programme quite literally struck gold on Tuesday, with Shanta Gold reporting positive results from its New Luika Gold Mine project, located in the country's Lupa goldfield. The AIM-traded East Africa focused gold developer and producer said a reverse circulati
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