Company type | Public Company |
---|---|
Industry | Mining |
Predecessor | Shanta Mining Company Limited |
Founded | 2001 |
Headquarters | , Guernsey |
Area served | Tanzania |
Key people | Eric Zurrin [1](C.E.O) |
Products | Gold Gold Exploration |
Revenue | $95,705,000 (2015) |
($11,125,000) (2015) | |
($17,206,000) (2015) | |
Number of employees | 1,045 (2015) |
Parent | Shanta Gold Holdings Limited |
Website |
www |
Shanta Gold Limited is a gold mining company, registered in Guernsey in the Channel Islands but which operates in Tanzania. The company is listed on AIM on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013. [2] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS. [3]
Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port. [4] Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012. [5] The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged. Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing. [6]
Year | Gold produced (oz) | Grade (g/t) | Average price (US$/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] |
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 |
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