logo-loader
viewShanta Gold Limited

Shanta Gold boosts revenues and profits from East African gold operations

Shanta has a strong track record of gold production in Tanzania

Shanta Gold Limited -

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.

Quick facts: Shanta Gold Limited

Price: 13.8 GBX

AIM:SHG
Market: AIM
Market Cap: £144.63 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shanta Gold Limited named herein, including the promotion by the Company of Shanta Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Shanta Gold publish 'record financial results across the board'

Shanta Gold Ltd's (LON:SHG) Eric Zurrin talks to Proactive London's Katie Pilbeam after generating 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. Profit after tax amounted to...

on 2/3/21

2 min read