Shanta Gold board gives support to $141m all cash takeover offer
TANZANIAN gold mining company Shanta Gold said in December it had received a $141.95m all-cash takeover offer effectively taking the company private. The offer, equal to 13.5…
Shanta Q2 output leaps with help from newly commissioned low-cost mine, Singida
SHANTA Gold reported a sharp increase in year-on-year second quarter gold production which came in at 29,403 ounces – 92% higher than the first quarter. Second quarter adjusted…
Shanta to average over 100,000 oz/year after commissioning second mine, Singida
SHANTA Gold has forecast average annual gold production of 103,000 ounces over the next five years with potential for expansion from its recently commissioned Singida mine.…
Shanta Gold says commercial production from Singida signals “inflexion point”
SHARES in Shanta Gold edged up 2% in London today after the firm announced the beginning of commercial production at its Singida mine in Tanzania. CEO Eric Zurrin described the…
Shanta Gold’s Zurrin says West Kenya project to add “high margin cash flow”
SHANTA Gold shares were on the move in early London trade following an upgrade to gold reserves at its West Kenya project. The stock was just under 4% higher taking year-to-date…
Shanta’s Zurrin says 2023 is the year of “serious growth” for gold producer
SHANTA Gold missed annual gold production guidance by 4% in the 12 months ended December, but CEO Eric Zurrin said in a fourth quarter update today he was confident of a major…
Shanta Gold has “clear path” to first production from Singida in early 2023
SHANTA Gold said its $25m Singida project in Tanzania was 45% complete with a “clear path” to producing first gold by early 2023. The project would take total gold production at…
Shanta Gold replaces production with New Luika underground extension
SHANTA Gold has replaced last year’s mined gold with new mineral reserves, the third successive year the company had achieved this, said CEO Eric Zurrin. “During 2021, we…
Shanta Gold share price smacked after forecasts a 25% production cut for 2021
SHARES in Shanta Gold fell 23% to their lowest level since April following a second quarter update in which forecast annual gold production was cut as much as a quarter. The…