Shanta reconfirmed its 2022 guidance at 68,000-76,000oz, which compares to 55,280oz last year
Shanta Gold gets maiden mining license for Porcupine South in Tanzanian Lupa Gold Fields
All ounces replaced for third year running
Highlight was a hit of 6.4m grading 47.3g/t
Main excitement coming from West Kenya project
MRE to follow phase two drilling in Q1 2022
Five-year plan suggests downgrade is near-term issue
New Luika future bolstered by increases in gold inventories
Project still looks attractive at lower gold prices.
Tanzania gold producer completes acquisition of Kenya asset
Strong Q2 performance means annualised EBITDA of just under US$100 million at current gold prices.
Shanta to release updated scoping study mid 2020 after Barrick deal completes.
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