Shanta Gold signs $30-million debt facility

East African-focused gold mining company Shanta Gold on Thursday said it had signed and drawn down a $30-million medium-term facility with First National Bank (FNB). The facility, which is secured over the shares and business assets of Shanta...

Shanta Gold expects maiden production at Tanzania project in third quarter

The New Luika mine in Tanzania, which is expected to produce first gold in the third quarter, will be gold junior Shanta Gold’s first producing gold mine, representing the company’s progression from explorer to a producer, CEO Gareth Taylor...

First gold from new Shanta mine scheduled for Q3

Aim-listed gold junior Shanta Gold on Thursday reported that it had completed wet commissioning of the processing plant at its near-production New Luika mine, in Tanzania. Chairperson Walton Imrie said the New Luika gold mine was on the verge of...

Shanta seeks $35m to bring Tanzania gold mine into production

Aim-listed Shanta Gold said on Wednesday it would seek to raise at least $35-million, which it would use to bring the New Luika gold mine, in Tanzania, into production by the third quarter. The company said the raising would consisting of...