Shanta Gold

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Shanta Gold Limited
TypePublic Company
PredecessorShanta Mining Company Limited
Area served
Key people
Eric Zurrin [1](C.E.O)
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

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'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.[4] 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.

Corporate affairs[edit]


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

Business trends[edit]

Production statistics[edit]

Year Gold produced (oz) Grade (g/t) Average price (US$/oz) Cash Cost
per ounce (US$)
2014 84,028 5.78 1,289 742 [6]
2015 81,873 4.73 1,163 757 [6]


The following are the major investors that own more than 3% of the companys shareholdings:[7]

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


  1. ^] 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. [ Archived here". {{cite web}}: External link in |title= (help)
  3. ^ "Investor Fact Sheet January 2013] Shanta Gold, 2013. Retrieved 19 September 2013. [ Archived here]" (PDF). {{cite web}}: External link in |title= (help)
  4. ^ Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in, 10 January 2013. Retrieved 20 September 2013. Archived here.
  5. ^ "Shanta Gold Limited Share Price - SHG, RNS News, Articles, Quotes, & Charts(LON:SHG)". Retrieved 2016-09-18.
  6. ^ a b "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.
  7. ^ "Shareholder Information | Investors | Shanta Gold". Retrieved 2016-09-18.

External links[edit]