Shanta Gold

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Shanta Gold Limited
Public Company
Industry Mining
Predecessor Shanta Mining Company Limited
Founded 2001
Headquarters St Peter Port, Guernsey
Area served
Tanzania
Key people
Eric Zurrin <ref[>http://www.shantagold.com/about-us/senior-management][dead link]</ref>(C.E.O)
Products Gold
Gold Exploration
Revenue Decrease $95,705,000 (2015)
Decrease ($11,125,000) (2015)
Decrease ($17,206,000) (2015)
Number of employees
1,045 (2015)
Parent Shanta Gold Holdings Limited
Website 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.[1] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.[2]

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.[3] 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]

Headquarters[edit]

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

Business trends[edit]

Financial performance[edit]

Year 2012 2013 2014 2015
Revenue (US$000) - 65,989 114,857 95,705
Cost of Sales (US$000) - 53,816 80,106 96,394
Net Income (US$000) -14,747 12,173 34,751 -11,125
Profit per Share (US$ cents) -4.42 0.164 1.907 -3.727
Notes [5] [6] [7] [8]

Production statistics[edit]

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 [8]
2015 81,873 4.73 1,163 757 [8]

Ownership[edit]

The following are the major investors that own more than 3% of the companys shareholdings:[9]

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[edit]

  1. ^ "SHG SHANTA GOLD LIMITED ORD 0.01P] London Stock Exchange, 19 September 2013. Retrieved 19 September 2013. [https://www.webcitation.org/6JjgMPDwq Archived here". External link in |title= (help)
  2. ^ "Investor Fact Sheet January 2013] Shanta Gold, 2013. Retrieved 19 September 2013. [https://www.webcitation.org/6JjfzUmFM Archived here" (PDF). External link in |title= (help)
  3. ^ Shanta Gold signs $30-million debt facility by Idéle Esterhuizen in miningweekly.com, 10 January 2013. Retrieved 20 September 2013. Archived here.
  4. ^ "Shanta Gold Limited Share Price - SHG, RNS News, Articles, Quotes, & Charts(LON:SHG)". Retrieved 2016-09-18.
  5. ^ "Shanta Gold Annual report 2012" (PDF). Shanta Gold. Retrieved 18 September 2016.
  6. ^ "Shanta Gold Annual report 2013" (PDF). Shanta Gold. Retrieved 18 September 2016.
  7. ^ "Shanta Gold Annual Report 2014" (PDF). Shanta Gold. Retrieved 18 September 2016.
  8. ^ a b c "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.
  9. ^ "Shareholder Information | Investors | Shanta Gold". www.shantagold.com. Retrieved 2016-09-18.

External links[edit]