| Shanta Gold Limited | |
| Type: | Public Company |
| Industry: | Mining |
| Predecessor: | Shanta Mining Company Limited |
| Successors: | --> |
| Founded: | 2001 |
| Founders: | --> |
| Hq Location City: | St Peter Port |
| Hq Location Country: | Guernsey |
| Area Served: | Tanzania |
| Key People: | Eric Zurrin [1] (C.E.O) |
| Products: | Gold Gold Exploration |
| Owners: | --> |
| Num Employees: | 1,045 |
| Num Employees Year: | 2015 |
| Parent: | Shanta Gold Holdings Limited |
| Revenue: | $95,705,000 |
| Revenue Year: | 2015 |
| Operating Income: | ($11,125,000) |
| Income Year: | 2015 |
| Net Income: | ($17,206,000) |
| Net Income Year: | 2015 |
Shanta Gold Limited is a gold mining company, registered in Guernsey in the Channel Islands but which operates in Tanzania. The company is listed on AIM on the London Stock Exchange (symbol: LON:SHG) and had a market capitalisation of £63.5M as of 18 September 2013.[2] The Tanzanian offices are in Dar Es Salaam. Its bankers are UBS.[3]
Shanta Gold is incorporated in Guernsey and maintains an office in Saint Peter Port.[4] Shanta's most important project is New Luika Gold Mine, in the Lupa Gold Field of south western Tanzania, which saw its first gold pour in August 2012.[5] The company's mines are all currently in Tanzania but projects elsewhere in East Africa are envisaged. Shanta sub-contracts all aspects of the mining process in order to shorten the time taken for a new mine to become productive.
On 20 December 2023, Shanta Gold agreed to a £142 million buyout offer from Tanzania-based Saturn Resources, leading to the removal of its AIM listing.[6]
| Year | Gold produced (oz) | Grade (g/t) | Average price (US$/oz) | Cash Cost per ounce (US$) | Notes | |
| 2014 | 84,028 | 5.78 | 1,289 | 742 | [7] | |
| 2015 | 81,873 | 4.73 | 1,163 | 757 |
The following are the major investors that own more than 3% of the companys shareholdings:[8]
| Shareholder | Percentage Ownership | |
| Odey Asset Management | 19 | |
| Majedie Asset Management | 10 | |
| Ketan Patel | 7 | |
| Brooks Macdonald Asset Management | 6 | |
| JPMorgan Securities | 5 | |
| Hargreaves Lansdown Asset Mgt | 4 | |
| River & Mercantile Asset Management | 4 | |
| Hargreave Hale | 4 | |
| Jonathan Leslie | 3 | |
| Other shareholders | 38 | |
| Total | 100 |