Shanta Gold (AIM: SHG), the East Africa-focused gold producer yesterday released a production and operational update for Q3 2022. Generally the direction of travel at flagship asset NLGM is still strong with the company mining the high grade Crown Pillar and head grades increasing 12% QoQ and production rising to 19.5Koz. This was however below our 21.5Koz estimate as we anticipated higher head grades given the annual production being weighted 65% in H2. We now expect the company to come in at t ....
27 Oct 2022
Q3 Trading Update
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Q3 Trading Update
Shanta Gold Limited (SHG:LON) | 14.8 0 1.7% | Mkt Cap: 155.1m
- Published:
27 Oct 2022 -
Author:
David Butler -
Pages:
4
Shanta Gold (AIM: SHG), the East Africa-focused gold producer yesterday released a production and operational update for Q3 2022. Generally the direction of travel at flagship asset NLGM is still strong with the company mining the high grade Crown Pillar and head grades increasing 12% QoQ and production rising to 19.5Koz. This was however below our 21.5Koz estimate as we anticipated higher head grades given the annual production being weighted 65% in H2. We now expect the company to come in at t ....