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Shanta surges into the black

Strong Q2 performance means annualised EBITDA of just under US$100 million at current gold prices.

Tom Hoskyns
Shanta Gold's primary asset is the New Luika gold mine, located in southwest Tanzania

Shanta Gold's primary asset is the New Luika gold mine, located in southwest Tanzania

Shanta moved from net debt of US$15.1 million at the end of Q1 to net cash of US$2.1 million at the end of June. The company produced 22,216 ounces in the second quarter, up 12.3% year-on-year and up...

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