UK 19:21 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In upbeat mood, Toby Bradbury, chief executive officer of East Africa-focused Shanta Gold (SHG), has launched the Guernsey-based company’s underground feasibility study, base case mine plan and an updated reserve estimate for its operations in south-west Tanzania. These suggest the company’s flagship New Luika gold mine could produce an average 84,000 oz. a year for five years from the mine’s underground resources at an all-in cost of $640 (£421) an ounce for an initial five years, against a present gold price of $1,131.23c an ounce.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Andrea Gonella
As per RNS of 21/9/15, Odey owns 24%.
One would have thought you would get that right.