From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Shanta Gold seeks longer mine life

By Robert Tyerman | Tuesday 29 April 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shanta Gold (SHG) is sounding confident after encouraging first-quarter production in the (currently) mining-friendly East African state in Tanzania. The company awaits boardroom departures shortly and bankable feasibility studies between July and September on two of its ventures: extending the life of its New Luika mine in the south-western Chunga district and its Singida project in the country’s central region. Chief executive officer Mike Houston says work on plant, processing and adding underground operations could potentially add another eight years’ mine life to wholly-owned New Luika, but will this be enough to list Shanta’s share price?



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 14:34:54