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SAAGF / Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up

Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up
Record second quarter production from Shanta Gold Limited (AIM:SHG, OTC:SAAGF)'s Tanzanian mining operations generated more than US$23mln of quarterly earnings and set the company well on the road to wiping out the last of its legacy debt from construction. At the end of the quarter to end June 2023 Shanta had net debt of just US$8.7mln, down more than 50% quarter-on-quarter, and surely set for eradication by the time 2024 rolls around. Read More
Posted: Aug 8 2023, 06:33
Author Name: Proactive Investors
Views: 112295

SAAGF News  

Shanta Gold hails latest drilling from West Kenya project

By Proactive Investors
November 2, 2023

Shanta Gold hails latest drilling from West Kenya project

Shanta Gold Ltd (AIM:SHG, OTC:SAAGF) hailed the presence of visible gold from most assays drilled at its West Kenya project, in the first update sinc more_horizontal

Shanta Gold's good run of form continuing, says broker

By Proactive Investors
October 23, 2023

Shanta Gold's good run of form continuing, says broker

Shanta's strong run of form is continuing says house broker Liberum with both of its operating mines in Tanzania delivering above expectations in its more_horizontal

Shanta Gold on track as Singida exceeds targets again

By Proactive Investors
October 23, 2023

Shanta Gold on track as Singida exceeds targets again

Shanta Gold has reported steady production in its latest quarter as its new mine in Tanzania, Singida, exceeded production expectations again. Total p more_horizontal

Shanta Gold's profit jumps in H1 2023 on strong production and higher gold prices

By Kitco
September 20, 2023

Shanta Gold's profit jumps in H1 2023 on strong production and higher gold prices

(Kitco News) - Africa-focused gold producer Shanta Gold (AIM: SHG) said today that in H1 2023, the company produced 44,771 oz of gold (H1 2022: 28,947 more_horizontal

Shanta Gold smashes more records as first half revenues soar

By Proactive Investors
September 20, 2023

Shanta Gold smashes more records as first half revenues soar

Shanta Gold hailed record-breaking first-half results as it reaped the benefit of its new mine opening at Singida in Tanzania. Revenues jumped 70% to more_horizontal

Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up

By Proactive Investors
August 8, 2023

Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up

Record second quarter production from Shanta Gold Limited (AIM:SHG, OTC:SAAGF)'s Tanzanian mining operations generated more than US$23mln of quarterly more_horizontal

Shanta Gold jumps 13% after 'perfect start' for Singida

By Proactive Investors
July 20, 2023

Shanta Gold jumps 13% after 'perfect start' for Singida

Shanta Gold climbed 13% on an upbeat second-quarter update that attracted plaudits from the City. Liberum said it had been an excellent quarter for th more_horizontal

Shanta Gold production and profits surge in 'outstanding' quarter

By Proactive Investors
July 20, 2023

Shanta Gold production and profits surge in 'outstanding' quarter

Shanta Gold climbed to the top of AIM risers as it revealed a 92% jump in gold production from its operations in Tanzania in its latest quarter as a n more_horizontal


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