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Hardman & Co Research : Shanta Gold (SHG): Entering its sweet spot

·2-min read

Hardman & Co Research
17-Nov-2020 / 08:00 GMT/BST

Hardman & Co Research: Entering its sweet spot

Shanta Gold (SHG) is a low-cost, high-grade East African gold miner, which is transforming from a single-asset to a multi-asset producer. Production guidance for its flagship New Luika Gold Mine (NLGM) in 2020 is 80-85k oz. The commissioning of Singida in 2022 will see a resumption of growth from the current plateau. The recent West Kenya acquisition has taken total gold resources to 3.2m oz. After cutting net debt by $44m since end-2017, SHG raised $42.1m last month to accelerate development of the ca.100k oz p.a. West Kenya project.

Please click on the link below for the full report:

https://www.hardmanandco.com/research/corporate-research/2020-mining-investor-forum/

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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge.  Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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To contact us:

Hardman & Co
35 New Broad Street
London
EC2M 1NH

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Paul Mylchreest



+44 20 7194 7622

 

pm@hardmanandco.com

 

To contact us:

Hardman & Co
35 New Broad Street
London
EC2M 1NH

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Paul Mylchreest



+44 20 7194 7622

 

pm@hardmanandco.com

 

End of Announcement - EQS News Service

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