10-May-2022 12:22 PM
Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - Posts fall in profit due to mining lower grades of gold than anticipated. Pretax profit in 2021 falls to $1.0 million from $39.0 million in 2020. Revenue falls to
29-Mar-2022 09:13 PM
Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - West Kenya Project's total project resources increases 31% to 1.55 million ounces of gold grading 6.18 grams per tonne, alongside a more than tripled rise in Indicated r
13-May-2021 08:54 AM
East Africa-focused gold producer, developer and explorer, Shanta Gold, has appointed Michelle Jenkins as an independent non-executive director of the company, with immediate effect.
Jenkins is a chartered accountant (South Africa) and an exploration geo
21-Apr-2021 09:24 AM
East Africa focused miner Shanta Gold reported lower first-quarter earnings and production, but stuck to its annual output guidance.
Earnings before interest, tax, depreciation and amortisation for the three months through March fell to $7.6 million, dow
02-Mar-2021 09:17 AM
East Africa focused miner Shanta Gold swung to a full-year profit after a surge in gold prices helped offset a fall in production.
Net profit for the year through December amounted to $17.2 million, compared to a year-on-year loss of $9.5 million.
Reven
05-Jan-2021 09:47 AM
Shanta Gold, the East Africa-focused gold producer, developer and explorer, has announced that Yuri Dobrotin joined as group exploration manager on 1 January 2021.
Dobrotin is a global expert in gold exploration with 35 years' experience, and joins
19-Oct-2020 08:03 AM
Gold miner Shanta Gold posted a 16% rise in third-quarter adjusted earnings, compared to the second quarter, and stuck to its full-year output guidance.
Adjusted earnings before interest, tax, depreciation and amortisation for the three months through Se
24-Aug-2020 08:54 AM
East Africa-focused gold miner Shanta Gold swung to a first-half profit after it benefited from higher prices for the precious metal, seen as a safe-haven investment during the pandemic.
Pre-tax profit for the six months through June amounted to $15.3m,
20-Jul-2020 09:34 AM
East Africa-focused gold producer Shanta Gold posted a rise in second-quarter earnings after it boosted production while gold prices were strong.
Adjusted earnings before interest, tax, depreciation and amortisation for the three months through June rose
20-Apr-2020 09:19 AM
East Africa-focused gold producer Shanta Gold achieved higher first-quarter earnings, on the back of higher production and amid rising gold prices.
Adjusted earnings before interest, tax, depreciation and amortisation for the three months through March r
28-Feb-2020 07:40 AM
Africa-focused miner Shanta Gold swung to a full-year loss after rising revenue was offset by a drop in the market value of non-hedge derivatives and commodity contracts.
Pre-tax losses for the year through December amounted to $1.19m, compared to a prof
12-Aug-2019 08:32 AM
Shanta Gold swung to a first-half loss despite increasing its revenue, as it booked a loss on forward gold sales.
Pre-tax losses for the six months through June amounted to $4.1m, compared to losses of $8.4m on-year.
Revenue rose 8.7% to $53.6m, though
20-Jun-2019 08:20 AM
Shanta Gold has reported positive drilling results from the second phase of its Bauhinia Creek drilling campaign at the New Luika Gold Mine in South Western Tanzania
Phase 2 drilling has intersected high grade mineralisation over significant widths, prov
16-Apr-2018 09:24 AM
Shanta Gold said it swung to an annual profit after it cuts costs and gold production from Tanzania fell broadly in line with company guidance.
The company booked a pre-tax profit of $4.2m, compared to a loss in 2016 of $8.0m.
Gold production of 79,585
09-Apr-2018 09:25 AM
Shanta Gold (SHG) announced results from its exploration and resource infill Reverse Circulation (RC) drilling conducted during the first quarter of 2018 at the Singida Gold mining project in Central Tanzania.
Following a review of available exploration
22-Jan-2018 11:50 AM
Numis today initiates coverage of Shanta Gold Ltd (LON:SHG) with a buy investment rating and price target of 12p.
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21-Dec-2017 04:20 PM
Peel Hunt today reaffirms its buy investment rating on Shanta Gold Ltd (LON:SHG) and cut its price target to 13p (from 16p).
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15-Dec-2017 12:40 PM
SP Angel today upgrades its investment rating on Shanta Gold Ltd (LON:SHG) to buy (from hold) and raised its price target to 5.50p (from 5.20p).
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08-Nov-2017 12:00 PM
SP Angel today reaffirms its hold investment rating on Shanta Gold Ltd (LON:SHG) and raised its price target to 4.80p (from 4.60p).
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24-Oct-2017 04:00 PM
SP Angel today reaffirms its hold investment rating on Shanta Gold Ltd (LON:SHG) and raised its price target to 4.60p (from 4.10p).
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06-Sep-2017 01:59 PM
Shanta Gold said it has reviewed the news release from Helio Resource in which it purported to reject Shanta's termination of the arrangement agreement dated 19 June.
The Company responded by saying:
"Shanta maintains that it has validly termi
18-Aug-2017 08:01 AM
Shanta Gold's revenue fell by 5.2% from $55.7 million to $52.7 million in the first half of the year.
The company said this reflected lower gold sales as a result of the availability of lower grades than the previous year.
The cost of sales amounte
31-Jul-2017 01:56 PM
Shanta Gold has confimed that the Company's registered office changed to Anson Court, La Route des Camps, St Martin, Guernsey, GY4 6AD, with effect from 28th July.
At 1:56pm: (LON:SHG) Shanta Gold Ltd share price was 0p at 3.88p
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05-Jul-2017 03:01 PM
Shanta Gold said it has noted that the Written Laws (Miscellaneous Amendments) Act No.4/2017 was passed in the Tanzanian Parliament on 4 July 2017.
The Company is therefore seeking advice on the legislation and assessing its potential impact.
This Act i
20-Jun-2017 07:18 AM
Shanta Gold has agreed with Helio Resource Corp to acquire all of the latter company's issued and outstanding common shares by way of a statutory plan of arrangement.
The recommended arm's-length arrangement was subject to approval by Helio sha