Shanta Gold

Tanzania East Africa Metals

Shanta Gold starts construction of Singida

"The gold project will increase Group production to over 110,000 oz per year while maintaining our attractive cost base." - Eric Zurrin
Altus Strategies gold Cote d'ivoire

Nordgold increases takeover offer for Cardinal Resources

ASX and TSX-listed gold explorer Cardinal Resources has advised its shareholders to take no action on the increased takeover offer tabled by privately-held gold miner Nordgold.
Tanzania East Africa Metals

Shanta Gold’s Singida’s deep reserve confirmed by Micromine

Shanta Gold has tapped the resource estimation powers of Micromine to confirm the presence of an impressive gold reserve at its Singida project.
gold Mako Gold

Shanta Gold to acquire Barrick’s gold projects in Kenya

AIM-listed East Africa-focused gold producer Shanta Gold has entered into a definitive agreement to purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration (Kenya), or AEKL, from two subsidiaries of Barrick Gold Corporation.
Shanta Gold

Additional resources extend New Luika’s life of mine

AIM-listed Shanta Gold recently announced an exploration update that significantly extends the life of mine at its New Luika project in Tanzania.
Shanta Gold

Shanta Gold reveals best exploration results to date at New Luika

Shanta Gold has revealed some of the best exploration results to date from the 2nd phase of its Bauhinia Creek drilling campaign at the New Luika gold mine.
Tanzania East Africa Metals

Shanta Gold updates finance plans for Singida

Shanta Gold, gold developer and explorer, has provided an update on its plans to finance the Singida Gold Mining Project in Tanzania.

Shanta Gold reduces costs by US$7 million ahead of schedule

Shanta Gold announce that the company's plan to reduce its costs by US$7 million on an annualised basis has been achieved, three months ahead of schedule.

Is Tanzania wagging the dog with new Mining Act?

The government of Tanzania recently established a Mining Commission in accordance with its new Mining Act. This means that the government can reinstate the issuing of mining licences following the enforcing of a copper and gold concentrate ban and some draconian amendments to mining policy and legislation.
Shanta Gold

Solar hybrid energy curbs costs for Shanta Gold

With electricity accounting for about 60% of the processing costs of AIM-listed gold producer Shanta Gold’s New Luika mine in Tanzania, greater emphasis has been placed on creating a leaner cost structure, not only at the mine but throughout the company.

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