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Shanta reaches black after tough year

Zurrin and co ticked cost-cutting boxes in a year with lower earnings and higher taxes

Alex Hamer
New Luika underground delivered despite some grade issues in 2018

New Luika underground delivered despite some grade issues in 2018

On production of just under 80,000 ounces of gold in 2017, Shanta brought in EBITDA of US$37.7 million (a 24.5% drop on 2016) and an after tax profit of $4.2 million (compared to an $8 million loss in...

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