Detail akcie Shanta Gold online

Business Summary: Shanta Gold Limited is a gold producer, developer, and explorer. The Company holds exploration properties covering approximately 800 square kilometers in the under-explored ex-colonial mining areas of the Lupa Goldfield. Alongside its Tanzanian assets, the New Luika Gold Mine (New Luika) and the Singida Gold Project (Singida), the Company also owns the West Kenya Project in Kenya with defined high-grade resources and prospecting licenses. The New Luika is located in the Songwe District of Southwestern Tanzania, approximately 700 kilometers (km) south-west of Dar es Salaam. New Luika is an open pit and underground mining operation. Singida is located in the Ikungi region of Central Tanzania. The West Kenya Project covers approximately 556 square kilometers of the Lake Victoria greenstone gold field in western Kenya. The two mining centers, which are identified on the West Kenya Project Shanta Gold licenses include Kakamega Potential Mining Centre and Ramula Potential Mining Centre.
Financial Summary: BRIEF: For the six months ended 30 June 2023, Shanta Gold Ltd revenues increased 68% to $87.2M. Net income totaled $12.7M vs. loss of $3.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Exploration and evaluation costs decrease of 64% to $1.5M (expense), Administration expenses decrease of 42% to $3.5M (expense).