Investors Chronicle - Earnings beat from new Shanta Gold mine16 Oct 2023 11:17
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.