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New Luika Mine

Plant efficiencies drive New Luika Q2 output up 8%

New Luika East Africa-focused gold producer Shanta Gold has hit record quarterly production of 21 940 oz at its Tanzania-based New Luika gold mine for the three months ended June 30, representing an 8% uptick on the 20 254 oz produced in the first quarter...
21st July 2014

Investment firm punts Shanta Gold as ‘attractive’ buy

Fund manager Liberum Capital has sung the praises of emerging gold producer Shanta Gold, describing the Tanzania-focused miner as “on a roll”. “Already this year, it has announced a resource and reserve update at its flagship New Luika mine,...
31st January 2014
Company Announcement

Flsmidth Increases Its Local Expertise In Summit Valley Metals Extraction Solutions PDF Available

FLSmidth is steadily increasing its local expertise in its Summit Valley precious metals extraction solutions and a new order for a complete process flow solution, from elution through to electrowinning, for Shanta Gold’s New Luika mine in...
5th November 2013

Shanta delivers consistent gold output

London-listed Shanta Gold on Monday said gold production at its New Luika gold mine, in Tanzania, had stabilised, with consistent gold production over the past three to four months. The mine’s monthly output of over 6 000 oz of gold had paved...
21st October 2013

Shanta Gold lifts Q2 production by 22% on plant efficiencies

East Africa-focused emerging gold producer Shanta Gold has improved second-quarter gold production by 22% to 14 448 oz, chiefly on the back of improved plant throughput. Mill throughput for the three months ended June 30, totalled 88 966 t at an...
22nd July 2013

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...
10th January 2013

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...
20th July 2012

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...
21st June 2012

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...
4th April 2012
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