Shanta Gold
 | |
| Industry | Mining |
|---|---|
| Predecessor | Shanta Mining Company Limited |
| Founded | 2001 |
| Headquarters | , Guernsey |
Area served | Tanzania |
Key people | Eric Zurrin [1](C.E.O) |
| Products | Gold Gold Exploration |
| Revenue |  $95,705,000 (2015) |
| ($11,125,000) (2015) | |
| ($17,206,000) (2015) | |
Number of employees | 1,045 (2015) |
| Parent | Shanta Gold Holdings Limited |
| Website | www |
Shanta Gold Limited is a gold mining company, registered in Guernsey in the Channel Islands but which operates in Tanzania. The company is listed on Alternative Investment Market (AIM) on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013.[2] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.[3]
Overview
[edit]Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port.[4] Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012.[5] The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged.[6] Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.[citation needed]
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing.[7]
Production statistics
[edit]| Year | Gold produced (oz) | Grade (g/t) | Average price (US$/oz) | Cash Cost per ounce (US$) |
Notes |
| 2014 | 84,028 | 5.78 | 1,289 | 742 | [8] |
| 2015 | 81,873 | 4.73 | 1,163 | 757 | [8] |
See also
[edit]References
[edit]- ↑ Senior Management Archived 2017-08-16 at the Wayback Machine
- ↑ "SHG SHANTA GOLD LIMITED ORD 0.01P London Stock Exchange". Archived from the original on 23 September 2014. Retrieved 18 September 2013.
{{cite web}}: CS1 maint: bot: original URL status unknown (link)19 September 2013. Retrieved 19 September 2013. - ↑ "Investor Fact Sheet January 2013] Shanta Gold, 2013. Retrieved 19 September 2013" (PDF). Archived from the original (PDF) on 21 September 2013. Retrieved 18 September 2013.
- ↑ "Shanta Gold Limited Share Price - SHG, RNS News, Articles, Quotes, & Charts(LON:SHG)". Retrieved 2016-09-18.
- ↑ Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in miningweekly.com, 10 January 2013. Retrieved 20 September 2013. Archived here.
- ↑ "Profitable Gold Trading with Advanced Risk Management". Retrieved 2024-10-18.
- ↑ "Shanta Gold latest company to leave London's markets after £142m buyout". Yahoo Finance. 2023-12-20. Retrieved 2023-12-20.
- 1 2 "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.[dead link]