Established 1835
RESOURCE STOCKS
✕
PRECIOUS METALS

Shanta surges into the black

Strong gold prices, lower costs and rising production have helped East Africa-focused Shanta Gold move into net cash for the first time in the company’s producing history.

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...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
PARTNER CONTENT

Macquarie Arc: Elephants hiding in plain sight

PARTNER CONTENT

BHP builds 'beautiful' Xplor community

MOST POPULAR
1
M&A

Greatland gets FIRB approval for Telfer-Havieron buys

2
ESG

Rio Tinto cancel plan for a new iron ore deposit in the Pilbara, blame Ghost Bats

3
ENERGY MINERALS

BHP to help clean up India's blast furnaces

4
MINER'S RIGHT

Lessons in chemistry, the Rio way

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login