Mining News

Shanta gives insight into five-year plan on the back of solid second-quarter performance

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Aim-listed Shanta Gold will be rapidly reducing its cost base between now and 2025, with the company exploring the possible addition of a fourth ball mill, which will increase plant throughput beyond 2 450 t a day and reduce cut-off grades. Group-wide gold production from its Tanzanian assets is estimated to be about 499 000 oz for the five-year period from the second half of this year the first half of 2026, with an average yearly gold production of about 116 000 oz/y expected from 2023 to 2025.

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