Shanta reaches black after tough year

Tanzania miner Shanta Gold (AIM:SHG) has managed a profit despite the new Tanzania mining rules, a major capital project and new CEO.

New Luika underground delivered despite some grade issues in 2018

On production of just under 80,000 ounces of gold in 2017, Shanta brought in EBITDA of US$37.7 million (a 24.5% drop on 2016) and an after tax profit of $4.2 million (compared to an $8 million loss in 2016).