Shanta Gold begins gold production at New Luika
20th Aug 2012 08:54
Tanzania focused gold miner Shanta Gold has begun gold production operations from its plant at the New Luika Gold Mine in south western Tanzania, prompting a jump in the share price. The first gold pour is on track to take place before the end of this month now that the final stages of processing
Read moreShanta Gold hikes resource estimate at New Luika
30th Jul 2012 10:16
Tanzania focused gold miner Shanta Gold has issued a significant upgrade of the estimated resources at its New Luika Gold Mine. The company says the latest independent estimate suggests there is 1.48m ounces of in-situ gold at the site, a 52% increase on the previous figure. The company is now re
Read moreResources round-up: Gulf Keystone, Edenville Energy, Nostra Terra ...
11th May 2012 14:10
Gulf Keystone has begun drilling on the Bakrman-1 exploration well spudded on the Akri-Bijeel block in the Kurdistan Region of Iraq. It is the third exploration well to be drilled at the site as part of an appraisal of the Bijell discovery. The appraisal is part of a much larger exploration programm
Read moreResources round-up: Wasabi, Thor, Condor, Shanta
4th Apr 2012 13:10
Wasbi Energy's wholly owned subsidiary Imparator Enerji has made significant progress in Turkey, following sustained growth in the country's economy and the corresponding increase in energy demand. The situation has enabled Wasabi to implement its Kalina Cycle power generation technology as it explo
Read moreChristmas comes early for Shanta
21st Dec 2011 10:16
Tanzania-focused gold explorer Shanta Gold is on course to get its New Luika project commissioned in the first quarter of next year after securing a bridging loan from a company affiliated to one of its directors. Shanta Gold has secured a $5m loan facility with Export Trading Group, a company in w
Read moreInitial tests highlight potential for Shanta Gold
23rd Aug 2011 13:01
Shares in Tanzania-focused gold explorer Shanta Gold climbed by 16% on Tuesday after the firm revealed positive test results from its 100%-owned mine in Singida. The feasibility study showed that the if the mine produces 45,000 ounces of gold per annum at a capital cost of $39m and an average opera
Read moreShanta Gold's Tanzania mine on track
1st Jul 2011 16:19
Tanzania-focused gold explorer Shanta Gold reported a wider pre-tax loss due to higher administrative expenses but shares of the company rose on news that its New Luika mine in Tanzania is on track to go into production in the fourth quarter of the financial year. The company, which has not recorde
Read moreShanta hikes up project value, costs increase
16th Jun 2011 13:44
Even though Tanzania-focused gold explorer Shanta Gold significantly revised up the value of its New Luika Gold Mine, shares took a hit on Thursday after it revealed that costs have grown as a result. A revision to the feasibility study means that the net present value of the project is now $66.15m
Read moreShanta ups resource estimate at Chunya project
5th May 2011 16:59
Gold miner Shanta Gold has announced what it described as a "significant increase" in the mineral resource estimate at its Chunya project in Tanzania. The global in situ resource estimate has increased by 45.9% to 1.234m ounces of gold at an average grade of 1.46 gold per tonne (g/t) gold from the
Read moreLondon close: Miners get a hammering
23rd Nov 2010 16:57
Footsie staved off a triple-digit fall by less than half a point as worries over the situation in Korea and the prospect of other European countries joining Ireland in the queue for a bail-out nagged away at investors all day. Asia-focused bank Standard Chartered was hit by worries over the exch
Read moreLondon afternoon: TUI bid rumour revived
23rd Nov 2010 14:11
With the Dow Jones index expected to register a triple-digit fall when Wall Street opens, sentiment in London has dipped further. Fears of debt contagion in the euro-zone are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland defies
Read moreSmall caps round-up: Intellego, Goldplat. Shanta ...
23rd Nov 2010 08:23
Shares in Intellego jumped after the training consultancy group said it had made a good start with its trial programme providing financial services products to a high street bank and other financial services groups. The company said the strong start should achieve its minimum sales target of £500,0
Read morePaddy Power non-exec sells stake
19th Nov 2010 16:45
Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie. He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company's trading statement earlier this week. Sweeney is the founder of O'Brien's Irish Sandwich Bars
Read moreSmith raises £7.1m in Collins Stewart sale
25th Oct 2010 17:24
Having announced his retirement as deputy chairman less than two weeks ago, Terry Smith did not waste much time before selling his entire beneficial holding of 8.93m shares in stockbroking firm Collins Stewart. Smith, who will quite the board of Collins Stewart to focus on his role as chief executi
Read moreSmall caps round-up: Avocet Mining, Panmure, Evolve Capital...
29th Sep 2010 14:57
Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o
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