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Shanta shares bounce on reserve upgrade

Shares in East Africa-focused miner Shanta Gold soared as it announced an upgrade to the size of reserves and resources at its New Luika operation in Tanzania.

William Clarke
Shanta's New Luika project in Kenya

Shanta's New Luika project in Kenya

Shanta increased New Luika reserves by 110,000 ounces in its 2021 drilling campaign, replacing all ounces mined in 2021, and extended the life of mine to 2026. "This marks the third consecutive year...

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