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IN BRIEF: Shanta Gold confident in outlook after solid quarter

Mon, 23rd Oct 2023 15:11

Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Says its gold production in the third quarter of 2023 was in line with expectations at 27,935 ounces at an average selling priceof USD1,930 per ounce. Reports adjusted earnings before interest, tax, depreciation and amortization of USD19.0 million in the quarter.

"Our performance over the third quarter demonstrates the stable and reliable production volumes we have worked hard to achieve, with group gold production across our two operating mines of 27,935 ounces in line with expectations and materially increasing our confidence in meeting our stated guidance of up to 98,000 ounces, which we will review as we get closer to the end of the year," comments Chief Executive Eric Zurrin.

Current stock price: 10.56 pence, down 0.9% in London on Monday afternoon

12-month change: down 16%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

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22 Apr 2014 07:12

Shanta Gold Narrows Loss In 2013; Plans New Luika Mine Extension

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24 Feb 2014 14:30

CORRECT: DIRECTOR DEALINGS: Shanta Gold Executives Acquire Convertible Loan Notes

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20 Feb 2014 15:19

DIRECTOR DEALINGS: Shanta Gold Executives Acquire Convertible Loan Notes

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29 Jan 2014 10:29

Shanta Gold Announces Maiden Ore Reserve At Singida

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20 Jan 2014 08:41

Shanta Gold Says Gold Production Ahead Of Guidance, Sets Out 2014

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16 Jan 2014 10:17

Shanta Gold Increases Resources, Reserve At New Luika, Tanzania

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16 Jan 2014 08:21

UK MORNING BRIEFING: Shares Down; Sports Direct Ups Interest In Debenhams

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DIRECTOR DEALINGS: Shanta Gold CEO, Non-Exec Acquire 400,000 Shares

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Shanta Gold rises on higher gold production

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