Conflict between Acacia Mining and Tanzanian government costs the local mining industry, in general, and Shanta Gold, in particular, dearly; We estimate latest mining legislation changes as well as reluctance of local authorities to honour previous obligations deduct a minimum of $52m off previously estimated $173m combined NLGM and Singida NPV (equivalent to previous 12.2p/share valuation) using same discount rate (8%) and assuming little change to production schedule and C1 operating costs
31 Aug 2017
Valuation update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Valuation update
Shanta Gold Limited (SHG:LON) | 14.8 0 (-0.1%) | Mkt Cap: 155.1m
- Published:
31 Aug 2017 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
5
Conflict between Acacia Mining and Tanzanian government costs the local mining industry, in general, and Shanta Gold, in particular, dearly; We estimate latest mining legislation changes as well as reluctance of local authorities to honour previous obligations deduct a minimum of $52m off previously estimated $173m combined NLGM and Singida NPV (equivalent to previous 12.2p/share valuation) using same discount rate (8%) and assuming little change to production schedule and C1 operating costs