Currently viewing Global edition

Shanta Gold doubles profit, floats dividends

Tanzania gold miner Shanta Gold (AIM:SHG) has come out of a heavy-spending 2017 and doubled its post-tax profit to US$8 million last year.

Shanta Gold doubles profit, floats dividends Shanta Gold doubles profit, floats dividends Shanta Gold doubles profit, floats dividends Shanta Gold doubles profit, floats dividends Shanta Gold doubles profit, floats dividends

Shanta's New Luika mine in Tanzania is guided to produce over 80,000oz in 2019

Off the back of 81,872 ounces of gold production at an all-in sustaining cost of $730 per ounce at the New Luika mine, the miner booked an $8 million profit, up from $4.2 million in 2017.