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]
 | |
| 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) | |
| ($17,206,000) (2015) | |
Number of employees | 1,045 (2015) |
| Parent | Shanta Gold Holdings Limited |
| Website | www |
Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port.[4] Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012.[5] The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged. Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing.[6]
Production statistics edit
| Year | Gold produced (oz) | Grade (g/t) | Average price (US$/oz) | Cash Cost per ounce (US$) |
Notes |
| 2014 | 84,028 | 5.78 | 1,289 | 742 | [7] |
| 2015 | 81,873 | 4.73 | 1,163 | 757 | [7] |
Ownership edit
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 edit
- ^ http://www.shantagold.com/about-us/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. [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= - ^ "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.
- ^ "Shanta Gold latest company to leave London's markets after £142m buyout". Yahoo Finance. 2023-12-20. Retrieved 2023-12-20.
- ^ a b "SHG annual report" (PDF). Shanta Gold Limited. December 2015. Retrieved 18 September 2016.
- ^ "Shareholder Information | Investors | Shanta Gold". shantagold.com. Retrieved 2016-09-18.