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Share Price Information for Shanta Gold (SHG)

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Share Price: 14.75
Bid: 14.70
Ask: 14.80
Change: 0.01 (0.07%)
Spread: 0.10 (0.68%)
Open: 14.76
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Low: 14.75
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TRADING UPDATES: Pelatro in Japan boost; AFC Energy teams with Mace

Tue, 16th Mar 2021 14:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Pelatro PLC - London-based marketing software firm - Wins several orders, adding USD400,000 worth of deals to be delivered in 2021. "With these, the total value of contracts in hand representing 2021 revenue is about USD6 million," Pelatro says. Chief Executive Officer Subash Menon says confident about "meeting our financial expectations for this year".

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AFC Energy PLC - provider of hydrogen power generation technologies - Signs strategic partnership in UK with consultancy and construction firm Mace Group Ltd. Duo will develop ways to assist with the transition to zero emission hydrogen generators for construction sites from "highly pollutant" diesel generators which are currently used. "Multiple flagship sites under Mace's control will be identified across the UK and in international markets for the initial leasing of AFC Energy's off-grid, zero emission H-Power system from early 2022," AFC says.

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Oriole Resources PLC - AIM-quoted exploration company focussed on West Africa - Notes 25%-owned unit Thani Stratex Resources Ltd signs deal with investment firm Red Sea Resources Ltd at Hodine exploration licence in Egypt. RSR pays all outstanding fees and expenditure commitment at asset, totalling USD2.2 million. RSR initially takes 7% stake at asset, Thani holds remaining 93%. RSR can earn up to 85% interest at Hodine as part of deal with Thani. Oriole says: "RSR has the option to pay USD1.2 million in exploration expenditure (or cash) during the subsequent 12-months to acquire an additional 44% interest, for a total 51% in the holding company, with TSR holding the remaining 49% interest. RSR will have a second option to spend a further USD1 million on exploration to earn a further 34% interest, for a total 85% interest in the holding company."

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Empire Metals Ltd - London-based resource exploration and development company - Updates on next phase of work at Eclipse gold project, Australia. Next programme of work includes resource modelling and estimation, a further 1,700 metres of reverse circulation drilling of 17 holes and "additional structural interpretations to support updated vein wireframes and modelling". Also plans further 200 metres of diamond drilling of three holes.

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IronRidge Resources Ltd - Australia-based minerals exploration company - Spots new lithium targets at Ewoyaa project, Ghana. "We are very pleased with the initial results received, which have confirmed the high-grades and mineralisation continuity seen in the first pegmatites drill tested," Chief Executive Officer Vincent Mascolo says.

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Lexington Gold Ltd - gold projects in US states of North Carolina and South Carolina - Boosts exporation rights at Jones-Keystone-Loflin project to 179.66 acres from 50.66 acres. "Lexington Gold has entered into additional mining lease with option to purchase agreements on the south-western side of the JKL project," Lexington says. "Three additional Lease with Option to Purchase agreements have been signed with certain landowners for an additional 129 acres of mineral exploration rights and a further 22 acres of surface rights."

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Phoenix Copper Ltd - US-focused base and precious metals explorer - Names Zachary Black as general manager for Idaho operations, including Empire mine. "The addition of Zach to our team coincides with the Empire Mine project transitioning from advanced exploration to development. Zach will be "on-the-ground" and responsible for managing the day-to-day rigours of permitting, engineering, process design, and pre-construction activities at Empire, as well as providing oversight to the exploration teams at Red Star, Navarre Creek, and the deep sulphide project," Chief Executive Officer Ryan McDermott says.

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Shanta Gold Ltd - Tanzania-focused gold miner - Says 22 core holes drilled at New Luika asset in west Kenya and Singida, Tanzania. "High grade intersections have been hit in early holes at west Kenya," Shanta says. "Drilling at Singida has identified a potential new hanging wall zone that is richer than the main zone at Cornpatch West."

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Inspiration Healthcare Group PLC - Crawley, West Sussex-based medical devices - SLE Ltd unit which provides neonatal ventilators secures Japanese regulatory approval for the enhanced SLE6000 product. Also pens GBP400,000 initial order for product. "We are delighted to have received this significant order and the successful registration of these products in Japan and to see that our global reach continues to expand as the advanced technologies we have developed are adopted in the leading neonatal Intensive care units all over the world," Chief Executive Officer Neil Campbell says.

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Intuitive Investments Group PLC - closed-end investment company focused on life sciences sector - Invests GBP200,000, via convertible loan note, in Micrima Ltd, a firm developing an imaging method to improve early diagnosis of breast cancer. "The convertible loan note has a term of three years, with 8% interest which is non-cumulative and rolls up to be part of the final conversion amount," company says. "The investment into Micrima is part of a GBP1.9 million round which is being matched by the 'Future Fund', the UK government initiative delivered by the British Business Bank, thereby providing Micrima with GBP3.8 million of funding in aggregate."

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Volvere PLC - turnaround investment firm - Expects to post 2020 revenue of GBP30.8 million, up by a third from GBP23.0 million. However, expects a swing to a pretax loss of GBP530,000 from a GBP3.2 million profit.

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Guild Esports PLC - London-based owner and developer of e-sports teams - Wins first major e-sports trophy. Says four of its Fortnite players finished in top-eight of Fortnite Champion Series European Grand Finals.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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19 Oct 2022 11:07

AIM WINNERS & LOSERS: ECR Minerals shines; suitors circle Shanta Gold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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19 Oct 2022 07:53

LONDON BRIEFING: UK inflation back above 10%; Asos swings to loss

(Alliance News) - Stocks in London were called higher on Wednesday, with a third successive daily gain possible, while the pound traded below an earlier high despite UK inflation hitting double-figures again.

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18 Oct 2022 17:07

TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Oct 2022 12:17

LONDON MARKET MIDDAY: Stocks climb but pound slips back below USD1.13

(Alliance News) - European stocks advanced on Tuesday, with global equity markets continuing to grow in confidence, after the UK government backtracked on its unfunded tax cuts and as US corporate earnings have come in decent so far.

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5 Sep 2022 17:06

IN BRIEF: Shanta Gold swings to half-year loss as gold sales drop

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Swings to a pretax loss of USD874,000 in the six months to June 30, from USD8.6 million profit a year before, as revenue falls 10% to USD51.9 million from USD57.8 million. Further, cost of sales climb 6.6% to USD41.9 million from USD39.3 million. Attributes the fall in revenue to a decrease in gold ounces sold. Maintains its interim dividend of 0.10 pence per share. Keeps full-year production guidance of 68-76,000 ounces of gold.

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31 Aug 2022 19:13

IN BRIEF: Shanta Gold's Singida project construction 70% complete

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Announces that Singida gold project in Tanzania remains on-track for first production in early 2023, with overall construction activity at the project being nearly 70% complete.

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5 Aug 2022 17:52

IN BRIEF: Shanta Gold shows high-grade results at West Kenya drilling

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Phase two drilling programme at West Kenya project is aimed at converting resources to Indicated at Isulu-Bushiangala, and so far 10,082 metres of drilling has been completed across 35 holes.

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21 Jul 2022 21:14

TRADING UPDATES: DP Eurasia system sales rise; Journeo wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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16 Jun 2022 12:06

IN BRIEF: Shanta Gold wins maiden mining licence at Porcupine South

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Wins maiden mining licence at Porcupine South resource area of the Lupa gold fields, which is about 22 kilometres from New Luika. The licence is for an initial 10 years.

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13 Jun 2022 17:01

TRADING UPDATES: Steppe Cement annual profit rises, withholds payout

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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23 May 2022 21:54

TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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10 May 2022 12:22

IN BRIEF: Shanta Gold's annual profit shrinks as recovers less gold

Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - Posts fall in profit due to mining lower grades of gold than anticipated. Pretax profit in 2021 falls to USD1.0 million from USD39.0 million in 2020. Revenue falls to USD103.6 million from USD147.4 million. The mining of lower grades at the New Luika gold mine in Tanzania resulted in higher production costs, the firm explains. 2021 gold production stood at 55,280, down from 82,978 ounces in 2020. Expects to produce 68,000 to 76,000 ounces in 2022.

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26 Apr 2022 16:00

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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