2020 brought a new chapter in the corporate development of Shanta in our view. The company still produced 83koz at an AISC of US$841/oz as per guidance for the third year in the row and did it with a best-in-class safety record. However, they also resolved for growth through the commissioning of Singida and the delivery of a scoping study for the West Kenya Project. They added 14% to the capacity of the flagship NLGM operations (which we believe the market has missed), restored the balance sheet ....
09 Apr 2021
Prosecuting the Investment Case
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Prosecuting the Investment Case
Shanta Gold Limited (SHG:LON) | 14.8 0 (-0.1%) | Mkt Cap: 155.1m
- Published:
09 Apr 2021 -
Author:
David Butler | Charlie Bendon | Matthias O'Toole-Howes | Mitch Limb | Richard Greenfield -
Pages:
9
2020 brought a new chapter in the corporate development of Shanta in our view. The company still produced 83koz at an AISC of US$841/oz as per guidance for the third year in the row and did it with a best-in-class safety record. However, they also resolved for growth through the commissioning of Singida and the delivery of a scoping study for the West Kenya Project. They added 14% to the capacity of the flagship NLGM operations (which we believe the market has missed), restored the balance sheet ....