Shanta Gold Limited
TypePublic Company
IndustryMining
PredecessorShanta Mining Company Limited
Founded2001
Headquarters
St Peter Port
,
Guernsey
Area served
Tanzania
Key people
Eric Zurrin [1](C.E.O)
ProductsGold
Gold Exploration
RevenueDecrease $95,705,000 (2015)
Decrease ($11,125,000) (2015)
Decrease ($17,206,000) (2015)
Number of employees
1,045 (2015)
ParentShanta Gold Holdings Limited
Websitewww.shantagold.com

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.[2] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.[3]

Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port.[4] 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.[5] 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.[6]

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 [7]
2015 81,873 4.73 1,163 757 [7]

Ownership

The following are the major investors that own more than 3% of the companys shareholdings:[8]

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

  1. ↑ http://www.shantagold.com/about-us/senior-management] Archived 2017-08-16 at the Wayback Machine
  2. ↑ "SHG SHANTA GOLD LIMITED ORD 0.01P] London Stock Exchange, 19 September 2013. Retrieved 19 September 2013. [https://www.webcitation.org/6JjgMPDwq?url=http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B0CGR828GBGBXAIM Archived here". {{cite web}}: External link in |title= (help)
  3. ↑ "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= (help)
  4. ↑ "Shanta Gold Limited Share Price - SHG, RNS News, Articles, Quotes, & Charts(LON:SHG)". Retrieved 2016-09-18.
  5. ↑ Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in miningweekly.com, 10 January 2013. Retrieved 20 September 2013. Archived here.
  6. ↑ "Shanta Gold latest company to leave London's markets after £142m buyout". Yahoo Finance. 2023-12-20. Retrieved 2023-12-20.
  7. 1 2 "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.
  8. ↑ "Shareholder Information | Investors | Shanta Gold". shantagold.com. Retrieved 2016-09-18.
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