Shanta Gold is an East Africa-focused gold producer, developer and explorer. The Company is focused on its flagship asset, the New Luika Gold Mine (New Luika), located in southwest Tanzania. Learn More. New Luika Gold Mine. New Luika Gold Mine . New Luika is a low cost, cash generative operation with high grade resources. Singida Project. Singida Project. Singida is an exciting prospect for
The senior management of Shanta Mining Company Limited (a wholly owned subsidiary of Shanta Gold Limited) brings a wide range of technical, operational, management and social development skills. The Company believes its key to success is a management team with extensive past experience, a proven track record in gold exploration, development and production, coupled with strong leadership
The low-cost New Luika Gold Mine, which is located in the Songwe District of South Western Tanzania approximately 700km south-west of Dar es Salaam, achieved its first commercial production in 2012. The ore bodies at New Luika comprise high grade (>6 grammes per tonne of gold), medium grade (3 6 grammes per tonne of gold) and low grade (1 3 grammes per tonne of gold) ore which average
Maiden resource declared of 500,000 ounces gold (Chunya). 2007. Equity capital raising of US$22 million. 2005. Shanta Gold Limited (SGL) and its wholly owned Shanta Gold Holdings Limited (SGHL) incorporated and registered in Guernsey; acquired all the shares of Shanta Mining Company Limited and listed on the London Stock Exchange (AIM board
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 AIM on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013. The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS. Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Fieldof south western Tanzan
Shanta Gold is a Guernsey-based gold mining and exploration company which operates across several sites in Tanzania through its subsidiary Shanta Mining Company Limited (SMCL); one of the most mineral-rich countries on the African continent. Off the back of £73.82 million revenues, the company is seeking to expand its gold production output through its existing and developing mines.
Gold mining company Shanta Gold (AIM:SHG), will commence production at its Singida Gold Project in Tanzania, in Q1 2017. Singida is an advanced stage gold project, located in the Ikungi Administrative District, Singida Region, central Tanzania, with gold resource of 858,000 ounces (oz).
The company assisted in the construction of a modern operating theatre at the Chato District Hospital. Materials delivered to three districts cost some $145,000. × Paddy storage facility. Paddy storage facility. In 2018, Geita mine constructed a paddy storage facility at Saragulwa village, to store harvested rice, which was officially handed over to the farmers’ co-operative, Nyabusakama
Shanta Gold Limited is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika project in Tanzania and holds exploration licences covering approximately 1,500km2 in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 81,872 ounces in 2018.
Company: Shanta Gold: The New Luika Gold Mine is an active mine in the Lupa Gold Field, an area of about 2,600 square kilometres (1,000 sq mi) in south west Tanzania, north of Mbeya, that is known for its gold deposits. It is the principal mine of Shanta Gold and stone its first gold pour in August 2012. In September 2016 Shanta Gold reported that from its underground exploration efforts, the
About Shanta Gold. Shanta Gold is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika project in Tanzania and holds exploration licenses covering approximately 1,500km 2 in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 84,506 oz in 2019.
SHANTA Gold is to buy gold exploration properties in Kenya from Barrick Gold for $14.5m in cash and shares in an effort to introduce geographical diversity to its asset base.. The company, listed on London’s Alternative Investment Market (AIM), currently mines at the New Luika gold mine in Tanzania. The deal increases Shanta’s gold resource inventory to over three million ounces of
History of Shanta Gold History Listed on AIM in 2005 (SHG:AIM) 15 years track record in Tanzania; New Luika Gold Mine and Singida Project; Total gold reserves and resources of 2 million in-situ ounces Assets Over US$250 million invested, since 2003, in Tanzania; Over US$600 million of