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
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Shanta Gold (SHG)