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Continued improvements for Shanta

East Africa-focused gold company Shanta Gold (AIM:SHG) has reiterated in full-year production guidance after gold output from its New Luika gold mine in Southwest Tanzania increased in the June quarter.

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Gold production at Shanta's New Luika mine in Tanzania jumped in the June quarter

Gold production for the three-month period was 20,544 ounces, a 16% quarter-on-quarter increase, at an all-in sustaining cost of US$748 per ounce, down from $776/oz in the March quarter.