Other companies5 Feb 2018 16:20
Whilst this share is rather quiet, does anybody have any other interesting companies, if so would be nice to hear it?
I been researching Gold producer Shanta Gold - SHG.L, with POG bullish, all senior staff agreeing to take 100% of salary as shares, dividend evaluation Q4, it looks like it could breakout.
2018 Guidance
Improved CAPEX reduction: $15.9m (2017 : $36.4m, 2016 : $54.6m)
Improved ASIC price of $680-$730 per ounce (2017 : $747)
Increased Gold Production 82,000 - 88,000 Ounces(2017 : 79,000)
Increased G&A Cost saving target : $7m (up from $5m)
Increse in cash balance
2017 Milestones(resulting in significant CAPEX reductions)
-7.5 MwH Power station installation
-Tailing Storage Facility completion
-Water dam built
-Suppliers + G&A cost savings of $8.7m
-Cash balance increased to $13.5m (from $8m)
-VAT repayment $3.4m
-Reduced site personnel headcount to 759 people(Jan : 1177, Jun : 1075)
-15% reduction salary for Senior Management and now fully paid in shares.
2018 Schedule
H1
Singida Exploration Pt 1(Drilling) & 2(IP)
Installation of pre-leech tank in April - expected to increase recoveries by 1.5% - 2%
$7.9m Debt Repayment
H2
Ilunga mine plan re-sequencing
Exploration of Bauhinia Creek extension which remains open at depth
Evaluation of Dividend policy
$15.7m Debt Repayment
Potential Catacylsts
VAT Repayment of $14.5m from Government
Dividend Policy
2017 AISC Comparisons
Lower = Better
Barrick Gold (NYSE:ABX): $745 an ounce.
Shanta Gold: $747 an ounce.
Goldcorp (NYSE:GG): $850 an ounce.
Eldorado Gold (NYSE:EGO): $860 an ounce.
Agnico Eagle Mines: $875 an ounce.
Yamana Gold: $900 an ounce.
B2Gold: $955 an ounce.
Newmont Mining: $970 an ounce.
Kinross Gold: $975 an ounce.
Gold Fields: $1,020 an ounce.
AngoGold Ashanti: $1,075 an ounce.