Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Going to be some nice dividends here over the next few years
Shanta Gold set to generate around US$1bn in revenue over the next five years
https://www.proactiveinvestors.co.uk/companies/news/1022900/shanta-gold-set-to-generate-around-us-1bn-in-revenue-over-the-next-five-years-as-gold-production-ramps-up-1022900.html
Also good read from the IC
The Tanzanian miner is within a whisper of its long-term goal of 100,000 ounces in a year
Build it and they will come. Profits, that is. Shanta Gold (SHG) finished its new Singida mine in the first half and it has immediately revved up cash flow, avoiding the usual ramp-up dramas and disappointments. The Tanzanian company posted a half-year cash profit of $34mn (£27mn), more than double last year and 11 per cent above broker Liberum’s forecast.
https://www.investorschronicle.co.uk/news/2023/09/20/earnings-beat-from-new-shanta-gold-mine/
This Money
Shanta Gold looks a potential takeover target after gold production from its Tanzanian mines hit an annualised 100,000 ounces per year.
The company has two mines. New Luika has been in production for several years, while Singida is a recent new addition.
It's the gold ounces from Singida that's taken Shanta up into that 100,000 ounces producer club.
https://www.thisismoney.co.uk/money/investing/article-12404761/SMALL-CAP-IDEA-Shanta-Gold-takeover-rumours-held-shares-shine.html