We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Shanta Gold Limited | LSE:SHG | London | Ordinary Share | GB00B0CGR828 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.75 | 14.70 | 14.80 | 14.75 | 14.70 | 14.70 | 2,787,264 | 08:00:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 114.06M | -2.3M | -0.0022 | -67.05 | 155.09M |
From Apr 2019 to Apr 2024
TIDMSHG
RNS Number : 4796F
Shanta Gold Limited
18 May 2017
18 May 2017
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
Completion of EUR2.1 million underground equipment financing
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce that it has completed a finance agreement with Sandvik Mining and Construction OY. The approximately EUR2.1 million (US$2.3 million) financing will be used to purchase underground mobile equipment and is repayable quarterly in two tranches over respective 36 month periods. The first tranche will be repayable from June 2017 and the second from October 2017. Both tranches will carry a fixed interest cost of 6.5%.
The equipment will arrive in Tanzania in stages from May 2017. This purchase is part of Shanta's capital programme initially outlined in the 2015 Base Case Mine Plan for its flagship asset, the New Luika Gold Mine located in the Lupa Goldfield, in southwest Tanzania.
Financing Highlights:
-- EUR2,052,183 (US$2.3 million) financing, repayable quarterly over a 36 month period from June 2017 (EUR1,473,537) and from October 2017 (EUR578,646) respectively; and
-- Fixed interest cost of 6.5%.
Toby Bradbury, Chief Executive Officer, commented:
"This is our second equipment financing with Sandvik over the last 15 months which is an important pillar of our financing plan for the underground capital development programme at our flagship asset, the New Luika Gold Mine."
Enquiries:
Shanta Gold Limited Toby Bradbury (CEO) +255 22 2925148-50 Eric Zurrin (CFO) Nominated Adviser and Broker Peel Hunt LLP Matthew Armitt / Ross +44 20 7418 Allister / Chris Burrows 8900 Financial Public Relations Tavistock Jos Simson / Emily +44 20 7920 Fenton / Barney Hayward 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika, Nkuluwisi and Singida projects in Tanzania and holds exploration licences over a number of additional properties in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 87,713 ounces in 2016. The Company is admitted to trading on London's AIM and has approximately 583 million shares in issue. For further information please visit: www.shantagold.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAXSXFLPXEFF
(END) Dow Jones Newswires
May 18, 2017 02:00 ET (06:00 GMT)
1 Year Shanta Gold Chart |
1 Month Shanta Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
