A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Africa-focused gold producer Shanta Gold said today that in H1 2023, the company produced 44,771 oz of gold and generated record revenues of $88.3 million .
The company also reported a 140% increase in EBITDA to $33.9 million in H1 2023 , profit before tax of $22.7 million , and profit after tax of $12.7 million . CEO Eric Zurrin commented on the results, "Today we have delivered another set of record-breaking results, reflecting the huge effort from the team at Shanta over the first half of 2023.
“Our strong production performance, underpinned by an improved output from New Luika, drives us closer towards our guidance of 90,000-98,000 oz gold production for 2023, which I am pleased to reconfirm today,” he added.
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