(WebFG News) - Esure: Peel Hunt upgrades to buy with a target price of 300p.
East Africa-focussed gold producer, developer and explorer Shanta Gold released its audited final results for the year ended 31 December on Monday, reporting revenue of $103.4m, up from $107.1m, at an average realised gold price of $1,263 per ounce, compared to $1,220 per oz in 2016.
AIM-listed gold producer, developer and explorer Shanta Gold said on Monday that it has appointed Luke Leslie as its chief financial officer with effect from 1 January.
Shanta Gold reported on Wednesday that Investec Bank's due diligence in relation to a bigger credit facility was still ongoing as it continued evaluating legislative changes in Tanzania.
East Africa-focussed gold producer, developer and explorer Shanta Gold announced an operations update on Tuesday, following the results of its business review which was initiated in July in light of the recent changes to the Tanzanian mining legislation, as well as its senior management team.
Shanta Gold, has delivered notice to Helio Resource Corp of its termination of the arrangement agreement dated as of 19 June 2017.
Shanta Gold announced on Thursday that its chief executive officer would be stepping down as the company refocused on cost control following recent changes in the regulatory, operating and fiscal environment in Tanzania.
AIM-listed Shanta Gold announced recognition of the publication of draft legislation tabled in the Tanzanian parliament on 29th June 2017.
Shanta Gold and Helio Resource Corporation announced on Tuesday that they had entered into a definitive arm's-length arrangement agreement dated as of 19 June Vancouver time, under which - subject to Helio shareholder approval and British Columbia Supreme Court approval - Shanta will acquire all of the issued and outstanding common shares of the TSX-listed Helio by way of a statutory plan of arrangement.
East Africa-focussed gold producer, developer and explorer Shanta Gold announced on Tuesday that first stope ore had been produced from the New Luika Gold Mine underground operation.
East Africa-focused gold producer, developer and explorer Shanta Gold provided an update on its ongoing exploration programme, within and surrounding the New Luika Gold Mine in the Lupa Goldfields, southwest Tanzania, on Wednesday.
East Africa-focused gold producer, developer and explorer Shanta Gold announced its production and operational results for the quarter ended 31 December on Thursday, for its New Luika Gold Mine in southwest Tanzania.
East Africa-focused gold producer Shanta Gold announced on Friday that on 15 December, its underground development at the New Luika Gold Mine intersected first mineralisation at the Bauhinia Creek deposit.
Shanta Gold has received the advanced payment of $5.25m as part of its silver-streaming agreement (SSA).
Shares in metal explorer Shanta Gold soared 16% on Wednesday afternoon, as it reported a significant increase in resources and gold at its Tanzania mine.
Gold producer, developer and explorer Shanta Gold said it was "very optimistic" about its mining project in Tanzania.
East Africa-focused gold producer Shanta Gold said on Monday that its New Luika gold mine has received all requisite approvals for its underground project and the decline development has kicked off.
East Africa-focused gold producer Shanta Gold swung to a pre-tax loss of $18.1m in 2015 compared with a profit of $16.6m the year before as gold sales and revenue per ounce fell.
A Tanzanian drilling programme quite literally struck gold on Tuesday, with Shanta Gold reporting positive results from its New Luika Gold Mine project, located in the country's Lupa goldfield.
East Africa-focused gold producer, developer and explorer Shanta Gold said it produced a record 29,139 ounces of gold in the final quarter of 2015, with full year production beating expectations.