Shanta Gold Limited Reports 22,726 Oz Of Gold Production In Q3 2019

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Shanta Gold Limited Reports 22,726 Oz Of Gold Production In Q3 2019

  • Shanta Gold Limited (SHG) for its New Luika Gold Mine, has released it’s production and operational results for the third quarter ended 30 September 2019.
  • The company reported Gold production of 22,726 oz for the quarter as compared to 19,856 oz in Q2.
  • Adjusted EBITDA reported a QoQ increase to US$16.5 million as compared to US$10.5 million in the previous quarter.
  • Net debt of the company decreased by 23 per cent to US$20.7 million as compared to US$26.9 million in Q2.
  • On 17th October 2019, at the time of writing, GMT 08:01 AM, SHG shares were trading at GBX 8.25, up by 0.25 points or 3.12% against the previous day closing price.

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