This month Tamesis visited Shanta's newly constructed Singida mine as well as the flagship New Luika Gold Mine (NLGM) both in Tanzania. Overall, it was a very well received trip; seeing Singida in operation was exciting and should add over 30koz to annual production with a very viable, in our view, pathway to doubling this once the more of the c.900koz resource is converted into reserves (something Shanta are very good at). We also got to see the potential for mine life extension at the Luika de ....

22 May 2023
Shanta - Site Visit

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Shanta - Site Visit
Shanta Gold Limited (SHG:LON) | 10.6 0 2.9% | Mkt Cap: 110.9m
- Published:
22 May 2023 -
Author:
David Butler -
Pages:
7 -
This month Tamesis visited Shanta's newly constructed Singida mine as well as the flagship New Luika Gold Mine (NLGM) both in Tanzania. Overall, it was a very well received trip; seeing Singida in operation was exciting and should add over 30koz to annual production with a very viable, in our view, pathway to doubling this once the more of the c.900koz resource is converted into reserves (something Shanta are very good at). We also got to see the potential for mine life extension at the Luika de ....