Shanta Gold rises on higher gold production
21st Oct 2013 16:52
Shares in Shanta Gold sparkled 1p to 14.75p by the close in London as the East Africa-focused miner reported higher production and a possible reserves upgrade. Shanta, which runs the New Luika and Singida projects in Tanzania, said third-quarter gold production rose 31% to 18,914 ounces against the
Read moreSoftware Radio non-exec stocks up as group looks ahead with confidence
14th Oct 2013 16:32
Software Radio Technology announced Monday that Andrew Lapping, a Non-Executive Director, acquired 50,000 shares at 29.50p each, taking his total interest in the company to 1.18m shares. The group also gave a trading update, in which it revealed that it expects to report revenues of £3.2m and a lo
Read moreXP Power Chairman sells 50,000 shares after bullish update
11th Oct 2013 16:14
XP Power's Chairman, Larry Tracey, on Friday sold 50,000 shares in the manufacturer of electronic equipment components after it issued a bullish update on trading. Tracey disposed of the shares at 1,500p each, leaving him with 1.23m shares and a 6.38% stake in the group. The company reported that
Read moreDialight Finance Director sells shares to cover vesting costs
19th Sep 2013 15:39
The Group Finance Director of Dialight this week sold 21,284 shares in the group, less than a week after it warned of contract delays and flat profits. Mark Fryer sold the shares at 1,150p each in a transaction that was made in order to meet his tax and national insurance liabilities, which crysta
Read moreShanta Gold enters into forward contracts amid volatile gold prices
29th Apr 2013 09:38
Shanta Gold has entered into forward sale contracts for more than 30,000 ounces (oz) of gold to be delivered by year end. The company said given the volatility of gold prices and its capital expenditure to achieve production targets, it felt it was necessary to commit to a number of forward sale co
Read moreWessex Exploration directors keep the faith
23rd Apr 2013 16:26
Three directors at Wessex Exploration have demonstrated their support for the oil and gas group after it said no hydrocarbons were found at the GM-ES-3 well in French Guiana. Drilling activities have been terminated and the well is being plugged and abandoned, the firm said. The biggest purchase
Read moreShanta Gold director builds stake after strong results
18th Apr 2013 16:27
Shanta Gold, an AIM-listed miner, announced Thursday that Luke Leslie, a Non-Executive Director of the company, bought 193,891 shares. Leslie, who joined the board in August last year, bought the shares at 13p each for a total of £25,206. On Monday the East Africa focused gold producing company
Read moreShanta Gold directors make multiple purchases
15th Apr 2013 15:57
Six directors at AIM-listed mining company Shanta Gold on Monday purchased shares in the company following its full year results. Non-executive Director Jonathan Leslie made the biggest purchase, buying 560,000 shares at a price of 17.75p each, taking his stake to 13.14m, equal to 2.85% of the iss
Read moreShanta Gold advances on strong gold production update
15th Apr 2013 08:09
Shares in AIM-listed Shanta Gold advanced on Monday morning after the East Africa focused gold producing company published its unaudited final results for the year ended December 31st showing strong gold production levels in the final quarter. The company reported that the Bauhinia Creek pit commen
Read moreShanta Gold on track to hit 2013 gold production target
14th Jan 2013 10:01
East African-focused mining company Shanta Gold is back on track to hit its 2013 production target of 70,000 ounces of gold in the New Luika Gold Mine in Tanzania, according to a trading update published this morning. New crusher speeds up production The AIM-listed mining company revealed that, fo
Read moreShanta Gold agrees drawdown of 30m dollar facility
10th Jan 2013 14:56
Shanta Gold, an East African focused gold mining company, has signed and drawndown of a 30m dollar medium-term facility with FBN Bank. The proceeds of the facility will be used in part to cover the remaining monthly principal repayments of the outstanding loans with FBN ($10.0m) and YA Global Mast
Read moreLondon close:Unemployment data boosts sentiment
17th Oct 2012 16:58
The Footsie finished the day firmly in the blue and just short of the day's high after better-than-expected unemployment figures lifted sentiment. Miners were also playing their part, boosted by investor confidence ahead of the third quarter growth data due out from China, which is expected to incr
Read moreShanta Gold plunges on new equity placing
17th Oct 2012 08:34
Shares in Shanta Gold dropped like a stone after it went back to equity markets to raise another 30 million dollars 'to address short-term financing requirements'. The firm also said initial production had been lower than anticipated at its flagship New Luika Gold Mine in Tanzania. This was mainly
Read moreShanta Gold sees success in Tanzania
5th Sep 2012 09:05
Shanta Gold, the East Africa-focused gold mining company, has revealed 'encouraging' results from a joint venture in Tanzania. The company entered into a JV agreement with Great Basin Gold in 2011, enabling Shanta crews to conduct exploration over a large permit holding in the Lupa Goldfields, the
Read moreShanta Gold reports first gold pour at New Luika
3rd Sep 2012 07:14
Shanta Gold, the East Africa-focused gold producer listed on AIM, has seen its first gold pour at its New Luika Gold Mine in south-western Tanzania. The gold pour was successfully completed at the mine on Friday August 31st, 11 days after the group had announced that production had started. "This
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