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Shanta lowers 2018 expectations

Shanta Gold has lowered full-year production guidance for its New Luika gold mine in Tanzania due to lower than expected gold grades.

Shanta lowers 2018 expectations Shanta lowers 2018 expectations Shanta lowers 2018 expectations Shanta lowers 2018 expectations Shanta lowers 2018 expectations

Production from New Luika in Tanzania rose year-on-year in the September quarter, but grades disappointed

The guidance is now 80,000 ounces at an all-in sustaining cost of US$750 per ounce, down from the previous 82,000-88,000oz at an AISC of $680-730/oz.