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Shanta keeps things steady at New Luika

AIM-listed Shanta Gold rounded off 2020 with a steady operational performance at its New Luika mine in Tanzania in the December quarter, while strong bullion prices have seen the company’s net cash position swell to over US$40 million – up from net debt of $15.1 million at the end of Q1.

Shanta keeps things steady at New Luika Shanta keeps things steady at New Luika Shanta keeps things steady at New Luika Shanta keeps things steady at New Luika Shanta keeps things steady at New Luika

Shanta Gold's primary asset is the New Luika gold mine, located in southwest Tanzania

Shanta produced 20,622 ounces in Q4, up 3% from Q3 and up 5% year-on-year.