Tag: $SHG

Shanta Gold produced 22,400 ounces at an AISC of $701/oz in Q1

Shanta Gold produced 22,400 ounces at an AISC of $701/oz in Q1

Shanta Gold (LON:SHG) released excellent production results for its first quarter of the current year. The company produced almost 22,400 ounces of gold at the New Luika gold mine in Tanzania and thanks to the very low operating expenses of just $500/oz, the all-in sustaining cost came in substantially lower […]

Shanta Gold updates the Singida mine plan, using optimistic assumptions

Shanta Gold updates the Singida mine plan, using optimistic assumptions

Shanta Gold (SHG.L) has just published an updated mine plan for its Singida gold mine in Tanzania. The average annual production at Singida is estimated to be approximately 26,000 ounces of gold, which would lift Shanta’s consolidated production profile to 100,000 ounces. Notwithstanding the low capex of just US$16M, the […]

Helio Resource Corp sells itself at a discount to Shanta Gold

Helio Resource Corp sells itself at a discount to Shanta Gold

Shareholders of Helio Resource (HRC.V) had been waiting years for a deal to materialize, but Shanta Gold (SHG.L) has now (finally) made an offer to acquire Helio in an all-share deal. Shanta Gold is offering 0.227766 new shares of Shanta per share of Helio to get its hands on Helio’s […]