SHG.L Share News (SHG)

IN BRIEF: Shanta Gold production and costs beat expectations

Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Reports production of 100,571 ounces in 2023, 2.6% ahead of the upper end of 2023 guidance of 98,000 ounces. Group adjusted operating cash costs were USD857 per ounce with an all in sustaining cost of USD1,138 per ounce, compared with AISC guidance of USD1,200-1,300 per ounce. Highlights a new five-year plan for Singida forecasting 169,000 ounce production over 2023-2027 with potential for expansion. Says adjusted earnings before interest, tax, depreciation and amortisation totalled USD21.8 million in the fourth quarter to December 31 compared to USD19.0 million in the third quarter. For 2024, forecasts production of 100,000-106,000 ounces at AISC of USD1,300-1,350 per ounce.

Shanta Gold updates markets on New Luika drilling

(Alliance News) - Shanta Gold Ltd on Thursday updated shareholders on exploration at the New Luika Gold Mine in Southwestern Tanzania.

Shanta Gold accepts GBP140 million takeover offer from ETC Holdings

(Alliance News) - Shanta Gold Ltd on Wednesday said its board has agreed to an all-cash takeover offer from industrial conglomerate ETG that values East Africa-focused gold producer at just above GBP140 million.

LONDON BRIEFING: Pound falls as UK inflation hits two-year low of 3.9%

(Alliance News) - Stocks in London are expected to rally at Wednesday's open, following a shock UK inflation print.

TRADING UPDATES: Pyx premium zircon production up in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

Shanta Gold makes progress with drilling at West Kenya

(Sharecast News) - East Africa-focussed explorer, developer and producer Shanta Gold updated the market on its exploration activities at the West Kenya Project on Thursday.

IN BRIEF: Shanta Gold confident in outlook after solid quarter

Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Says its gold production in the third quarter of 2023 was in line with expectations at 27,935 ounces at an average selling priceof USD1,930 per ounce. Reports adjusted earnings before interest, tax, depreciation and amortization of USD19.0 million in the quarter.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Judges Scientific revenue up; LBG backs guidance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Shanta Gold hails Singida success as shares surge on gold production

(Alliance News) - Shanta Gold Ltd on Thursday celebrated the addition of the Singida gold mine in Tanzania to its portfolio, following a "record" quarter of production.

UK earnings, trading statements calendar - next 7 days

Shanta Gold optimistic of Singida prospects as sets five-year outlook

(Alliance News) - Shanta Gold Ltd on Monday said that it remains confident of the long-term potential of the Singida gold mine in Tanzania, as it outlined its five-year plan for the site.

Shanta Gold touts start of commercial production at Singida gold mine

(Alliance News) - Shanta Gold Ltd on Thursday said its Singida gold mine in Tanzania has started commercial production, with all key measurements achieved.

IN BRIEF: Shanta Gold restarts drilling; Singida delivering targets

Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Restarts drilling at New Luika gold mine and West Kenya project. Says a total of 8,000 metres have been drilled across 51 holes at surface and underground deposits in phase one of the drilling programme at New Luika. Up to 26,000 metres drilled across 80 holes at West Kenya project. Says Singida operation is successfully meeting targeted production objectives and exploration drilling of USD500,000 planned for third quarter of 2023.

Shanta Gold chief executive to step down, gold production down

(Alliance News) - Shanta Gold Ltd on Monday said Chief Executive Officer Eric Zurrin will step down after six years with the company, remaining until publication of its interim results and throughout the third quarter.