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Shanta Gold – Q1 production and operational update, Buy...

2021-04-29 15:32:30

Writing on Shanta Gold (SHG) just a few days ago we noted a positive exploration drilling and resource update had helped the shares up but that there still looked much more to go for. A “Q1 2021 Production and Operational Update” has since helped the shares further higher. So, what’s the detail?


Shanta Gold – 2020 results, 2021 “huge opportunity” ahead?...

2021-03-05 13:09:00

Shanta Gold (SHG) has announced results for its year ended 31st December 2020 and claims that “2021 presents huge opportunity for Shanta as we continue to strengthen our core operations at New Luika, progress mine construction at Singida that began in Q4 2020 and continue the drilling campaigns underway at our high-grade West Kenya project”. So what’s the detail?...


Shanta Gold – reserves and resources update: Buy

2021-01-24 12:52:48

Shanta Gold (SHG) has announced a reserves and resources update for its portfolio of gold projects and there are positive signs, with the shares responding approaching 5% higher to 17.4p. They will go higher.


Shanta Gold and Ariana – Director Selling…..should you follow suit?

2020-12-12 15:21:11

I see that NED Robin Fryer at AIM-listed Shanta Gold (SHG) has dumped his entire holding of the company’s stock. And CEO of Ariana Resources has been cashing in on options – and selling. Should we read either as a cue to follow suit and sell?


Shanta Gold – “pleased to announce” fundraising. Hmmm!, but still a buy...

2020-10-28 12:48:21

Shanta Gold (SHG) “is pleased to announce… the company has raised gross proceeds of £32.2 million (approximately US$42.1 million)… at a price of 16.5 pence per ordinary share. The fundraising was significantly oversubscribed”...


Shanta Gold remains a buy following fundraising and with production increases to come in the future

2020-10-24 14:06:51

Back in August I wrote about Shanta Gold (SHG) as being worth a look at around the 16p level, and with a chance of a good profit over the coming months.


Shanta Gold – Q3 update, shares up on recent tip but more to come...

2020-10-22 14:00:50

Shanta Gold (SHG) has updated investors on its quarterly production and operations, including emphasising it now “has a portfolio of high-quality reserves and a pathway to organically grow to a +220,000 per annum producer. At the date of this release the company's net debt has reduced to US$2m and Shanta is on track to be unhedged by early 2021”...


Shanta Gold – a buy?

2020-09-11 16:25:30

Shares in East Africa-focused gold producer Shanta Gold (SHG) approached 13p in February with the gold price still then well below $1,700 per ounce. With it now well above $1,900 and looking to have, potentially much, further to go and following recent updates from the company...


Shanta Gold is working to increase reserves and production – speculative buy

2020-08-17 13:04:27

Gold is all the rage at the moment and looks set to remain strong, even if we do see some pullbacks or it not advancing to the price levels that some are predicting. So, it is no surprise that there is so much focus at the moment on any company operating in the gold sector, either producing or even just early stage explorers. With such a big recent rise in the gold price, many miners have followed it upwards, so if you are only just getting into gold now, the trick is to try and find value, and if something does look cheap, to understand why it might be trading at a lower market cap than you would expect. One ShareProphets reader has recently asked me to take a look at Tanzanian gold producer Shanta Gold (SHG), as to him it seemed relatively cheap and he wondered if there was a good reason for it being so...


Shanta Gold – another spoof director share buy

2016-06-14 07:34:56

AIM-listed Shanta Gold (SHG) has announced another director share purchase which looks to me to be more of a sell signal than a buy signal. I previously highlighted (HERE) that CEO Toby Bradbury had changed his mind about supporting the recent fundraising by ponying up for 500,000 shares at the offer price of 6.5p – instead completing half of promised purchase in the market at the reduced price of 5.65p. Today we learn that NED Robin Fryer has put his hand in his pocket to the tune of 45,000 shares at 6.2p.


Shanta Gold - Director buy SPOOF!!

2016-05-26 00:00:17

As much as it pains me to highlight this, as I hold a (very) small handful of shares here, I note with interest an announcement at 4.17pm yesterday afternoon (almost no-one-is-watching o'clock) from AIM-listed Shanta Gold (SHG) which simply strikes me as a spoof. It is a director buy, but I fear that it is a sell signal. Here is why.


Production upturn for Shanta Gold: time to buy?

2016-01-20 01:40:18

East Africa-focused Shanta Gold (SHG) lifted output at its flagship New Luika gold mine in south-west Tanzania 20% to 29,139 oz. between the third and second quarters of last year and indicates full-year production for 2015 was 81,873 oz. That is down from 84,028 oz. in 2014 but ahead of more recent guidance suggesting between 72,000 oz. and  77,000 oz. for last year. Is this a recovery buy?


SP Angel Morning Mining note: Shanta Gold, Rio Tinto & Vedanta

2016-01-19 08:01:11

John Meyer of SP Angel this morning comments on Shanta Gold (SHG), Rio Tinto (RIO) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.


SP Angel Morning Mining Note: Caledonia Mining, DiamondCorp, Kefi Minerals, Mariana Resources, Petra Diamonds & Shanta Gold

2015-11-12 04:48:10

John Meyer of SP Angel this morning comments on Caledonia Mining (CMCL), DiamondCorp (DCP), Kefi Minerals (KEFI), Mariana Resources (MARL), Petra Diamonds (PDL) and Shanta Gold (SHG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 


Shanta Gold unveils Tanzania mine plan

2015-09-30 04:18:19

In upbeat mood, Toby Bradbury, chief executive officer of East Africa-focused Shanta Gold (SHG), has launched the Guernsey-based company’s underground feasibility study, base case mine plan and an updated reserve estimate for its operations in south-west Tanzania.  These suggest the company’s flagship New Luika gold mine could produce an average 84,000 oz. a year for five years from the mine’s underground resources at an all-in cost of $640 (£421) an ounce for an initial five years, against a present gold price of $1,131.23c an ounce.


SP Angel Morning Mining Note: Anglo Asian Mining, Ortac Resources, Shanta Gold, Stellar Diamonds and Vast Resources

2015-05-28 06:12:32

John Meyer of SP Angel this morning comments on Anglo Asian Mining, Ortac Resources, Shanta Gold, Stellar Diamonds and Vast Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 


Costs drive at Shanta Gold

2015-01-21 06:22:32

Shanta Gold (SHG) will this year apply ’a big focus on improving efficiency’ and bringing down costs at its flagship New Luika gold mine in Tanzania, while contemplating potential corporate deals and developing its prospects in the Lupa goldfields, the mining-friendly East African country’s second largest known gold deposit, along with Singida in central Tanzania. That is the word from Mike Houston


Shanta Gold on expansion trail

2014-07-22 11:53:58

Mike Houston, boss of Guernsey-based Shanta Gold (SHG), is preparing for a busy autumn as the AIM-quoted company works to lift annual gold production at its Tanzanian gold project from a forecast 80,000 oz. this year to 100,000 oz. in two years time. Shanta, which produced 63,000 oz. in 2013 and lost a much-reduced £2.6 million on £40 million turnover, is expecting two feasibility studies in September or October on its currently producing New Luika mine in south-west Tanzania’s Lupa goldfield and its Singida project in the centre of this East African country. But how might the market react to this potentially positive newsflow?


Shanta Gold seeks longer mine life

2014-04-29 12:44:17

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?


Shanta Gold: Buy at 14.375p – target 20p plus

2013-10-21 08:11:51

Although many second line Gold stocks doubled between July and September ahead of the no taper move from the Federal Reserve, there may well be more to come. The first rally could just be a dress rehearsal.  That brings us to Shanta Gold (SHG) at 14.375p.


Shanta Gold - debt restructured

2013-08-30 06:11:57

AIM-listed gold producer from Tanzania, Shanta Gold (SHG) has announced that it has restructured its bank debt facilities with FBN Bank on improved terms, including an improved interest rate of Libor+6.5%, with a four month capital repayment holiday and longer repayment tenure of 36 months improving 2013 working capital by approximately $12 million. The following updates, with the shares currently trading more than 3% higher on the news at 16p…


Shanta Gold - near-term share price drags, but cheap in the longer-run

2013-07-22 08:57:28

AIM-listed gold producer from Tanzania, Shanta Gold (SHG) has announced second quarter of calendar 2013 gold production of 14,448 ounces, up from 11,888 ounces in the prior quarter, and that phase two of the planned plant improvements has been successfully completed with the commissioning of the upgraded crushing circuit carried out in early July”. However, “as a result of the uncertainty of increasing the volume through the incinerator without further upgrades, the company expects to achieve the lower end of its previous guidance of 63,000 - 70,000 ounces for the full year”...


Shanta Gold - additional forward sale contracts follow further significant boardroom buying

2013-06-21 06:33:03

AIM-listed, Tanzania gold producer Shanta Gold (SHG) has announced it has “entered into forward sale contracts over an additional 9,000 ounces to be delivered during the period to March 2014. These forward sales were secured at an average price of $1,362 per ounce. The company now has in place total outstanding forward sales contracts over 30,000 ounces through to March 2014 at an average price of $1,398 per ounce”.


Shanta Gold – Large scale Director buying a signal?

2013-06-15 12:27:37

On Friday, AIM listed Shanta Gold (SHG) announced that director Jonathan Leslie had bought 2.3 million shares which brings his total holding to 15.44 million or 3.34% of the company. Even at the current low price of 12p this purchase is not immaterial. The company is now capitalised at £55.42 million and is just off 12 month lows (10.375p) and well off 12 month highs (34.5p).


Sell Shanta Gold (SHG): Loss Of 2012 Support Targets 8p

2013-05-10 10:31:12

The good news as far as technical analysts are concerned in terms of the charting set up at Shanta Gold is that it is very similar in structure to that at another precious metals play I looked at today: Arian Silver (AGQ). The bad news is that if anything, the outlook here is just as poor, or worse.


Shanta Gold - update on forward sale contracts and further director buying

2013-05-08 11:01:39

Post 6 directors of AIM-listed, Tanzania gold producer Shanta Gold (SHG) acquiring an aggregate of more than £185,000 worth of shares at 17.75p each last month I updated that, whilst there remained risks, there looked to be value in the shares but that current gold market sentiment was clearly not helpful and could still see the shares fall in the short-term.


Shanta Gold - operational progress v. gold market sentiment

2013-04-15 14:24:52

Shares in AIM listed, Tanzania gold producer Shanta Gold (SHG) traded at more than 40p in February 2012 but have since been hit by a combination of a weakening gold price, poor sentiment towards its sector and what October-appointed CEO Mike Houston described as progress “hampered by funding constraints throughout much of 2012 and subsequent plant design weaknesses, which together resulted in startup delays and a production shortfall”.


Shanta Gold – Getting There: Buy at 23p

2013-01-15 06:33:34

It was not a good Autumn for AIM listed Shanta Gold (SHG) but the last two RNS statements from the company demonstrate that it is both soundly financed and that, at last, it is delivering operationally. The shares have always had clear latent value it is just that investors have had a number of (utterly valid) reasons for not believing. But the times they are a changing.


Shanta Gold – Company Reaffirms Production Targets: Buy

2012-11-05 12:01:12

Good news today from AIM Listed gold miner Shanta Gold (SHG) – it confirms that it is on track to hit production targets both for the fourth quarter of calendar 2012 but, far more importantly, for calendar 2013 and that will make it a hugely undervalued cash cow. At 18.875p the shares could, in my view, easily double over the next year – even without a surge in the gold price, which I still expect, and here is why.


Shanta Gold – Private Investors Screwed Again But It is still a buy

2012-10-17 11:41:27

AIM listed gold producer Shanta Gold (SHG) has announced that it will today raise a minimum $30 million (£18.6 million) via an institutional placing. An accelerated book build will take place today so we do not know the price but I reckon that it will be in the range of17-18p. Yes private investors are being screwed and the share price movement in the days leading up to today stinks like a mackerel’s rectum but the shares, at 17.125p valuing Shanta at £54 million) are still very attractive for the long term investor. Here is why


Shanta Gold – New Loan – What is going On? Still Dirt Cheap

2012-10-06 11:26:12

AIM Listed gold producer Shanta (SHG) is in production and should be generating cash from its New Luika mine in Tanzania At June 30th it had $21 million in the kitty yet on October 5th it announced that it had secured a new $4 million loan facility from a director and was “in discussions with additional providers of working capital financing facilities to meet its short term working capital requirements during the ramp up phase of the New Luika Gold Mine.” What on earth is going on?

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