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Shanta Gold keeps up improvements

Tanzania-focused gold miner cuts losses amid new underground development

Mining Journal
New look for New Luika: Shanta Gold is developing a new underground mine in Tanzania

New look for New Luika: Shanta Gold is developing a new underground mine in Tanzania

Its New Luika gold mine recorded revenue of US$107.1 million in 2016, up from $95.7 million in 2015, with the company generating EBITDA of $50.2 million for the year, compared with $31.8 million a year...

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