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Last 4.63 GBp
Change Today 0.00 / 0.00%
Volume 226.6K
SHG On Other Exchanges
Symbol
Exchange
London
Stuttgart
OTC US
As of 11:30 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

shanta gold ltd (SHG) Snapshot

Open
4.63 GBp
Previous Close
4.63 GBp
Day High
4.63 GBp
Day Low
4.63 GBp
52 Week High
09/4/14 - 12.88 GBp
52 Week Low
08/18/15 - 2.63 GBp
Market Cap
21.5M
Average Volume 10 Days
844.5K
EPS TTM
-0.0076 GBp
Shares Outstanding
464.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SHANTA GOLD LTD (SHG)

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shanta gold ltd (SHG) Details

Shanta Gold Limited engages in the investment, exploration, and production of gold in Tanzania. It primarily holds a 100% interest in the New Luika Gold Mine comprising licenses covering 1,313 square kilometers located in the Lupa Goldfield district in south-western Tanzania. The company was founded in 2001 and is based in St Peter Port, the Channel Islands.

Founded in 2001

shanta gold ltd (SHG) Top Compensated Officers

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Executives, Board Directors

shanta gold ltd (SHG) Key Developments

Shanta Gold Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015; Provides Production Guidance for the Year 2015

Shanta Gold Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of $31,912,000 against $58,276,000 a year ago. Operating loss was $6,635,000 against operating profit of $11,143,000 a year ago. Loss before taxation was $10,343,000 against profit before taxation of $7,660,000 a year ago. Loss for the period attributable to equity holders of the parent company was $8,299,000 against profit attributable to equity holders of the parent company of $4,105,000 a year ago. Diluted loss per share was 1.781 cents against 0.871 cents a year ago. Net cash flows from operating activities were $4,383,000 against $16,650,000 a year ago. Purchase of intangible assets was 35,000 a year ago. Purchase of property, plant and equipment was $630,000 against $307,000 a year ago. For the year 2015, the company expects June production back to budget levels and on track to meet full year guidance of 72,000 to 77,000 oz.

Shanta Gold Provides Exploration Update on its Resource Development Program at the New Luika Gold Mine, in Tanzania

Shanta Gold provided an exploration update on its resource development program at the New Luika Gold Mine ("NLGM"), in Tanzania. A reverse circulation drilling program comprising 3,784 metres ("m") has been completed, targeting the Elizabeth Hill Mineralised Prospect ("Elizabeth Hill"). The results were 14m at 6.23 g/t from 66m in hole CSR427, 4m at 14.52 g/t from 61m in hole CSR434, 6m at 6.75 g/t from 29m in hole CSR415, 10m at 3.53 g/t from 54m in hole CSR435, 15m at 2.26 g/t from 25m in hole CSR418, 8m at 3.48 g/t from 35m in hole CSR413, 8m at 3.00 g/t from 55m in hole CSR453, 2m at 6.68 g/t from 65m in hole CSR433, and 2m at 4.24 g/t from 65m in hole CSR432.

Shanta Gold Ltd. Provides New Luika Mine Jorc Resource and Reserves Update

Shanta Gold Ltd. announced an update to its JORC Code (2012) resource and reserves figures for its asset, the New Luika Gold Mine ("NLGM"), located in the Lupa Goldfield of south west Tanzania. In January 2015 additional infill drilling totaling 2,676 metres across nine drill holes has increased the Resource at both Bauhinia Creek ("BC") and Luika and further improves confidence in the potential for underground mining at each deposit. Total JORC Resources (Indicated and Inferred) for NLGM, incorporating BC, Luika and satellite deposits within 4 km2 of the Processing Plant, now contains 12.9 million tonnes ("Mt") at 3.2 grams per tonne ("g/t") gold (1.0 g/t cutoff) for approximately 1.3 million ounces ("oz") of gold: BC JORC code compliant Total Resources (Indicated and Inferred) increased to 3.6 Mt at 5.3 g/t gold (1.0 g/t cutoff) for approximately 626,000 oz of gold with increased grade from 4.9 g/t and additional gold content of 28,000 oz. This also takes account into depletion to the end of March 2015 as a result of mining activities; and Luika JORC code compliant Total Resources (Indicated and Inferred) contains 3.0 Mt at 3.1 g/t gold (1.0 g/t cutoff) for approximately 299,000 oz of gold, after depletion. Proven and Probable open pit Reserves for NLGM of 1.6 Mt at 4.8 g/t gold for approximately 245,000 oz. Previous reserves (October 2014) were 2.25 Mt at 5.1 g/t gold for approximately 365,000oz. The reduction in open pit ounces is largely accounted for in depletion (approximately 36,000 oz) and displacement to underground (approximately 67,000 oz). Deeper drilling confirms potential for underground mining with encouraging intersections including: CSD063 (BC): 5.93 metres at 42.22 g/t from 266 metres below surface; CSD064 (BC): 10.60 metres at 11.79 g/t from 211 metres below surface; and CSD058 (Luika): 4.29 metres at 7.29 g/t from 177 metres below surface. Underground Resources (Indicated) of 2.2 Mt at 6.5 g/t. for approximately 475,000 oz of gold and comprise of: BC: 1.403 Mt at 7.26 g/t (2.5 g/t cutoff) for approximately 327,000 oz of gold; and Luika: 0.868 Mt at 5.30 g/t (3.0 g/t cutoff) for approximately 148,000 oz of gold.

 

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