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    SHG   GB00B0CGR828

SHANTA GOLD LIMITED

(SHG)
  Report
Delayed London Stock Exchange  -  11:35 2022-09-23 am EDT
9.250 GBX    0.00%
09/05TRANSCRIPT : Shanta Gold Limited, H1 2022 Earnings Call, Sep 05, 2022
CI
09/05Earnings Flash (SHG.L) SHANTA GOLD Posts H1 Loss $-0.003
MT
09/05Earnings Flash (SHG.L) SHANTA GOLD Reports H1 Revenue $51.9M
MT
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Shanta Gold Limited Receives Award of Mining Licence At Porcupine South

06/16/2022 | 02:01am EDT

Shanta Gold announced that it has been awarded a maiden mining licence (ML 673/2022 covering the Porcupine South resource area of the Lupa Gold Fields, approximately 22 kilometers from the New Luika Gold Mine Processing Plant. Planned drilling in second half of 2022 at Porcupine South will focus on defining the geometry of the mineralized structures and testing their down-plunge continuity extension with the potential to generate new additional resources. The drilling program is designed to test the mineralized structure to level 1120mRL (approx.

120m vertical depth). In 2022 Shanta conducted several technical studies on the Porcupine South licence, including the reinterpretation of the IP geophysics, soil sampling for the entire licence and its adjacent tenements for multi-element high-precision analysis, reinterpretation of the IP geophysics, surface mapping and petrographic studies. This work resulted in generation of several high potential targets in proximity to the identified resource, which will be also tested in the second half of 2022.

Porcupine South is located about 22 km to the east of the NLGM Processing Plant. The Northern Trend of Porcupine South strikes northwest - southeast. Gold mineralization is associated with quartz veins hosted by a shear zone at the granite - granodiorite contact and steeply dips to the northeast.

Higher gold mineralization grades in the Northern Trend appear to be closely associated with strong silica and sulphide (pyrite) alteration. Pyrite occurs as disseminated, semi massive bands and stringers that infill fractures. The Northern Trend drilled and modelled so far covers a strike extent of approximately 0.5 km.


© S&P Capital IQ 2022
All news about SHANTA GOLD LIMITED
09/05TRANSCRIPT : Shanta Gold Limited, H1 2022 Earnings Call, Sep 05, 2022
CI
09/05Earnings Flash (SHG.L) SHANTA GOLD Posts H1 Loss $-0.003
MT
09/05Earnings Flash (SHG.L) SHANTA GOLD Reports H1 Revenue $51.9M
MT
09/05Shanta Gold Limited Provides Production Guidance for the Month of July, and August and ..
CI
09/05Shanta Gold Limited Declares Interim Dividend for the Six Months 30 June 2022,Payable o..
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09/05Shanta Gold Limited Reports Production Results for the Six Months Ended June 30, 2022
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09/05Shanta Gold Limited Reports Earnings Results for the Half Year Ended June 30, 2022
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08/30SHANTA GOLD : Singida Construction Update
PU
08/24Shanta Eyes U.S.$500,465 West Kenya Gold Licences
AQ
08/03Shanta Gold Limited Provides Exploration Update on West Kenya Project in Kenya
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More news
Financials (USD)
Sales 2022 132 M - -
Net income 2022 8,70 M - -
Net Debt 2022 16,4 M - -
P/E ratio 2022 12,6x
Yield 2022 2,28%
Capitalization 106 M 106 M -
EV / Sales 2022 0,93x
EV / Sales 2023 0,51x
Nbr of Employees 953
Free-Float 84,9%
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Technical analysis trends SHANTA GOLD LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,10 $
Average target price 0,34 $
Spread / Average Target 238%
EPS Revisions
Managers and Directors
Eric Zurrin Chief Executive Officer & Executive Director
Luke Alexander Leslie CFO, Head-Corporate Development & Director
Anthony Durrant Non-Executive Chairman
Michelle Anne Jenkins Independent Non-Executive Director
Ketankumar Vinubhai Patel Non-Executive Director
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