Shanta Gold shares up after sequential jump in gold production

Shanta Gold

20/07/2023 08:23

** Shares of East Africa-focused gold producer Shanta Gold Ltd
 SHAN.L  up 10.8% at 10.75 pence
    ** Co reports Q2 gold production of 29,403 ounces, up 92%
from Q1
    ** Increase in production figures showing immediate clear
benefits of adding Singida gold mine, its second operating mine
in Tanzania, to its asset portfolio, co says  
    ** "Singida is now driving an overall improved liquidity
position, adding financial flexibility to the Group" - CEO Eric
Zurrin
    ** Co reiterates 2023 Group production guidance of 90,000 -
98,000 oz gold
    ** Stock has been flat so far this year

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((Richardrohan.francis@thomsonreuters.com))