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Shanta Gold is a low cost gold producer with significant resource upside, within and surrounding its New Luika Gold Mine, with additional development opportunities in Tanzania

Company releases

Welcome to the Shanta Gold news section, here you will be able to keep up to date with our latest news releases, media and articles on the Company.


08 November 2017

VAT Refund Received (PDF - 116KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, is pleased to announce that it has received a VAT refund of US$3.4 million, which is made up of a US$1.9 million offset against corporate taxes payable in 2016 and 2017 and a cash payment to the Company of US$1.5 million. The current VAT Receivable balance has reduced to US$13.4 million.


24 October 2017

TR-1: Notification of major interest in shares (PDF - 39KB)


19 October 2017

Q3 2017 Production and Operational Update (PDF - 398KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its production and operational results for the quarter ended 30 September 2017 (the “Quarter”, “Q3” or the “Period”) for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.


18 October 2017

Update on Debt Restructuring (PDF - 259KB)


06 October 2017

Board changes (PDF - 250KB)


03 October 2017

Director/PDMR Shareholding (PDF - 323KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that further to the announcement made on 3 August 2017 regarding the retirement of Toby Bradbury as Chief Executive Officer, the Company has agreed that Mr Bradbury’s Performance Share and Retention Share awards vested on 2 October 2017 resulting in the issuance of 1,553,262 ordinary shares under the Shanta Gold Limited Long Term Incentive Plan.


06 September 2017

Shanta Gold response to Helio Resource Corp (PDF - 198KB)

Shanta Gold (AIM: SHG) (“Shanta”) has reviewed the news release of Helio Resource Corp.


05 September 2017

Operations Update (PDF - 353KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce an operations update following the results of its business review which was initiated in July 2017 in light of the recent changes to the Tanzanian mining legislation and its senior management team.


05 September 2017

Management Appointments (PDF - 440KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce the following changes to the senior management team.


30 August 2017

Notification of transaction by Person Discharging Managerial Responsibilities ( (PDF - 139KB)


18 August 2017

Interim results for the six months ended 30 June 2017 (PDF - 665KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its unaudited results for the six months ended 30 June 2017 (the “Period”).
18 August 2017

Shanta Gold terminates the arrangement agreement with Helio Resource Corp (PDF - 197KB)

Shanta Gold (AIM: SHG) announces that it has delivered notice to Helio Resource Corp. (“Helio”) (TSXV: HRC) of its termination of the arrangement agreement dated as of 19 June 2017 (Vancouver time) (the “Arrangement Agreement”) with Helio as a result of the potential impact on Helio of the bills signed into law in Tanzania on 10 July 2017. Accordingly, having taken professional advice and upon due consideration, Shanta Gold will not be acquiring all of the issued and outstanding common shares of Helio as previously announced. 


18 August 2017

Appointment of Director (PDF - 205KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that further to the announcement of 3 August 2017, Mr Eric Zurrin, Chief Executive Officer, has been now been appointed to the Board of Directors with immediate effect.


03 August 2017

Chief Executive and Director Change (PDF - 343KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that following the recent changes to the regulatory, operating and fiscal environment in Tanzania, the Company will be refocusing its strategy on cost control and shareholder returns. 


31 July 2017

Change of Registered Office (PDF - 195KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that the Company’s registered office address has changed to Anson Court, La Route des Camps, St Martin, Guernsey, GY4 6AD with effect from 28th July 2017 due to the change of address of Shanta’s Company Secretary, William Hunter. 


19 July 2017

Q2 2017 Production & Operational Update (PDF - 3.71MB)


19 July 2017

Q2 2017 Production and Operational Update (PDF - 398KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its production and operational results for the quarter ended 30 June 2017 (the “Quarter”, “Q2” or the “Period”) for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.


05 July 2017

Update on Tanzanian Legislative Changes (PDF - 112KB)


03 July 2017

Result of Annual General Meeting (PDF - 112KB)


30 June 2017

Proposed Tanzanian Legislative Changes (PDF - 113KB)


26 June 2017

Holding(s) in Company (PDF - 44KB)


20 June 2017

Director/PDMR Shareholding (PDF - 146KB)

Shanta Gold (AIM:SHG) has been notified that the following PDMRs purchased ordinary shares of 0.01 pence each in the Company on 20 June 2017 through their participation in the Company’s Placing announced on the same day.


20 June 2017

Blocklisting Six Monthly Return (PDF - 202KB)

Blocklisting Six Monthly Return


20 June 2017

Results of Fundraising (PDF - 456KB)

Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce the results of the Fundraising announced earlier today raising in aggregate gross proceeds of US$14.0 million (approximately £11.0 million).


20 June 2017

Proposed Fundraising to raise approximately US$14 million (PDF - 594KB)

Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce a proposed capital raising to raise approximately US$14.0 million (£11.0 million) before expenses by way of placing (the "Placing") and direct subscription ("Subscription") (together, the "Fundraising").


20 June 2017

Debt Restructuring (PDF - 360KB)

Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is today pleased to announce a proposed debt restructuring.


20 June 2017

Shanta Gold Enters Into Arrangement Agreement to Acquire Helio Resource Corp (PDF - 382KB)

Shanta Gold (AIM: SHG) and Helio Resource Corp. ("Helio") (TSXV: HRC) have entered into a definitive arm's-length arrangement agreement dated as of 19 June 2017 (Vancouver time) (the "Arrangement Agreement") pursuant to which, subject to Helio shareholder approval and British Columbia Supreme Court approval, Shanta will acquire all of the issued and outstanding common shares of Helio (the "Transaction") by way of a statutory plan of arrangement (the "Plan of Arrangement"). 


13 June 2017

Final Results for the year ended 31 December 2016, Posting of Audited Annual Report and Notice of AGM (PDF - 729KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its audited final results for the year ended 31 December 2016 (“FY2016” or the “Period”). The Company’s focus remained on its flagship asset, the New Luika Gold Mine (“NLGM”), located in Southwest Tanzania, throughout the Period.

13 June 2017

Appointment of Non-Executive Director (PDF - 190KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce the appointment of Mr Keith Marshall as a Non-Executive Director of the Company, with immediate effect.

23 May 2017

First underground ore produced from the New Luika Gold Mine (PDF - 134KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce that first stope ore has been produced from the New Luika Gold Mine (“NLGM”) underground operation.


22 May 2017

Power Station equipment financing (PDF - 209KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce that it has received US$10.0 million financing from Exim Bank (Tanzania) Limited (“EXIM”) following the commissioning in March 2017 of its 7.5 Mega Watts (“MW”) Power Station (the “Power Station”) at the New Luika Gold Mine (“NLGM” or “the Mine”) located in the Lupa Goldfield in southwest Tanzania.


18 May 2017

Completion of €2.1 million underground equipment financing (PDF - 287KB)

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.  


03 May 2017

Nkuluwisi Exploration Update (PDF - 247KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to provide an update from its ongoing exploration programme, within and surrounding, the New Luika Gold Mine ("NLGM" or "the Mine"), located in the Lupa Goldfields, southwest Tanzania.


20 April 2017

Q1 2017 Production and operational update (PDF - 1.62MB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its production and operational results for the quarter ended 31 March 2017 (the “Quarter” or the “Period”) for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.


23 March 2017

New Luika Gold Mine Revised Mine Plan and Reserves Update (PDF - 542KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce a Revised Mine Plan from January 2017 to December 2023 (the “Plan”) and updated reserves statement for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.


08 March 2017

Exploration Update, Nkuluwisi, Lupa Goldfields (PDF - 380KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to provide an update on its ongoing exploration programme, within and surrounding, the New Luika Gold Mine ("NLGM" or "the Mine"), located in the Lupa Goldfields, southwest  Tanzania.


19 January 2017

Q4 2016 Production & Operational Update (PDF - 161KB)

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer,announces its production and operational results for the quarter ended 31 December 2016(“Q4”, the “Quarter” or the “Period”) for its New Luika Gold Mine ("NLGM"), in Southwest Tanzania.