Mining News

Shanta lowers New Luika full-year output guidance

Aim-listed Shanta Gold has lowered its full-year production guidance for the New Luika gold mine, in Tanzania, to between 55 000 oz and 57 000 oz of gold.

This compares with the previously guided 60 000 oz to 65 000 oz of gold.

Shanta attributes the lower guidance to operational difficulties as a result of the supply, by a third-party vendor, of an unreliable emulsion product and underground production charging units during the fourth quarter.

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