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Last 5.88 GBp
Change Today 0.00 / 0.00%
Volume 317.8K
SHG On Other Exchanges
Symbol
Exchange
London
Stuttgart
OTC US
As of 11:30 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

shanta gold ltd (SHG) Snapshot

Open
5.88 GBp
Previous Close
5.88 GBp
Day High
5.88 GBp
Day Low
5.88 GBp
52 Week High
07/30/14 - 13.25 GBp
52 Week Low
07/13/15 - 5.63 GBp
Market Cap
27.3M
Average Volume 10 Days
351.0K
EPS TTM
0.02 GBp
Shares Outstanding
464.4M
EX-Date
--
P/E TM
4.8x
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

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

shanta gold ltd (SHG) Key Developments

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.

Shanta Gold Ltd., Q2 2015 Earnings Call, Jul 21, 2015

Shanta Gold Ltd., Q2 2015 Earnings Call, Jul 21, 2015

Shanta Gold Reports Production and Earnings Results for the Second Quarter Ended June 30, 2015; Reaffirms Production Guidance for 2015

Shanta Gold reported production and earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported gold production of 14,664 ounces, silver production of 24,398 ounces and tonnes ore milled were 119,857. For the quarter, the company reported negative cash generated from operations of USD 3.0 million affected for the period by low production. Capital expenditure was USD 6.6 million included open pit development expenditure. Net debt amounted to USD 54.5 million. The company's production guidance for 2015 is maintained at 72,000 - 77,000 oz.

 

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Price/Sales 0.4x
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Price/Cash Flow 4.8x
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