 | |
| Company type | Public Company |
|---|---|
| Industry | Mining |
| Predecessor | Shanta Mining Company Limited |
| Founded | 2001 |
| Headquarters | St Peter Port, Guernsey |
| Area served | Tanzania |
| Key people | Eric Zurrin (C.E.O) |
| Products | Gold Gold Exploration |
| Revenue |  $95,705,000 (2015) |
| Operating income | ($11,125,000) (2015) |
| Net income | ($17,206,000) (2015) |
| Number of employees | 1,045 (2015) |
| Parent | Shanta Gold Holdings Limited |
| Website | www |
Shanta Gold Limited is a gold mining company, registered in Guernsey in the Channel Islands but which operates in Tanzania. The company is listed on AIM on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013. The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.
Overview
Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port. Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012. The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged. Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing.
Production statistics
| Year | Gold produced (oz) | Grade (g/t) | Average price (US$/oz) | Cash Cost per ounce (US$) |
Notes |
| 2014 | 84,028 | 5.78 | 1,289 | 742 | |
| 2015 | 81,873 | 4.73 | 1,163 | 757 |
Ownership
The following are the major investors that own more than 3% of the companys shareholdings:
| Shareholder | Percentage Ownership |
| Odey Asset Management | 19 |
| Majedie Asset Management | 10 |
| Ketan Patel | 7 |
| Brooks Macdonald Asset Management | 6 |
| JPMorgan Securities | 5 |
| Hargreaves Lansdown Asset Mgt | 4 |
| River & Mercantile Asset Management | 4 |
| Hargreave Hale | 4 |
| Jonathan Leslie | 3 |
| Other shareholders | 38 |
| Total | 100 |
References
- Senior Management Archived 2017-08-16 at the Wayback Machine
- "SHG SHANTA GOLD LIMITED ORD 0.01P London Stock Exchange". 19 September 2013. Retrieved 19 September 2013. Archived here
- "Investor Fact Sheet January 2013] Shanta Gold, 2013. Retrieved 19 September 2013. [https://web.archive.org/web/20130921054052/http://www.shantagold.com/investors-and-media/fact-sheets/2013/shanta_gold_fact_sheet.pdf Archived here]" (PDF). Archived from the original (PDF) on 21 September 2013. Retrieved 18 September 2013.
{{cite web}}: External link in|title= - "Shanta Gold Limited Share Price - SHG, RNS News, Articles, Quotes, & Charts(LON:SHG)". Retrieved 2016-09-18.
- Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in miningweekly.com, 10 January 2013. Retrieved 20 September 2013. Archived here.
- "Profitable Gold Trading with Advanced Risk Management". Retrieved 2024-10-18.
- "Shanta Gold latest company to leave London's markets after £142m buyout". Yahoo Finance. 2023-12-20. Retrieved 2023-12-20.
- ^ "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.
- "Shareholder Information | Investors | Shanta Gold". shantagold.com. Retrieved 2016-09-18.