Shanta Gold is an East African gold producer listed on the AIM market in London. In Tanzania the company has its flagship asset is the producing New Luika Gold Mine (NLGM), as well as Singida which is under construction. Shanta also has a development project in Kenya, the West Kenya Project (WKP), which it recently acquired. In October of this year the company has raised US$42m in cash and removed a natural seller, Barrick, from the register in the process. We see this year as a pivotal point in ....

14 Dec 2020
Shanta Gold (AIM: SHG) - Initiating Coverage

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Shanta Gold (AIM: SHG) - Initiating Coverage
- Published:
14 Dec 2020 -
Author:
David Butler | Matthias O'Toole-Howes -
Pages:
31 -
Shanta Gold is an East African gold producer listed on the AIM market in London. In Tanzania the company has its flagship asset is the producing New Luika Gold Mine (NLGM), as well as Singida which is under construction. Shanta also has a development project in Kenya, the West Kenya Project (WKP), which it recently acquired. In October of this year the company has raised US$42m in cash and removed a natural seller, Barrick, from the register in the process. We see this year as a pivotal point in ....