Shanta Gold Ltd (LON:SHG) generated revenue of US$147.4mln from its gold production operations in Tanzania during the year to 31 December 2020, up significantly from the US$112.8mln generated in 2019.
The company produced 82,978 ounces of gold, which it sold at an average realised price of US$1,495 per ounce, up from the US$1,377 average realised in 2019.
Profit after tax amounted to US$17.2mln, almost double the 2019 level.
Net cash at the year-end was US$37.3mln.
All-in sustaining costs for production at the New Luika mine rang in at US$841 per ounce.
Shanta proposes paying a final dividend of 0.10p, payable in April 2021.