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Shanta dives on guidance cut

Shares in AIM-listed Shanta Gold fell by nearly a quarter on Monday morning after the company cut its full year gold production guidance by 22%.

Shanta dives on guidance cut Shanta dives on guidance cut Shanta dives on guidance cut Shanta dives on guidance cut Shanta dives on guidance cut

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

Shanta provided an updated guidance figure of 60,000-65,000oz for 2021 after unexpected pinching of the ore body at Bauhinia Creek, part of its flagship New Luika mine in Tanzania.