{"id":1179619,"date":"2020-04-21T14:51:15","date_gmt":"2020-04-21T19:51:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1021158"},"modified":"2020-04-21T14:51:15","modified_gmt":"2020-04-21T19:51:15","slug":"shanta-gold-produces-20167-ounces-in-q1","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1179619","title":{"rendered":"Shanta Gold produces 20,167 ounces in Q1"},"content":{"rendered":"<p>Shanta Gold has <a rel=\"noreferrer noopener\" aria-label=\"announced (opens in a new tab)\" href=\"https:\/\/www.shantagold.com\/_resources\/Q1%202020%20Production%20and%20Operational%20Update%20Presentation.pdf\" >announced<\/a> gold production of 20,167 ounces in Q1, up from 19,550 in the previous quarter.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The company also reported that is on track to meet its full-year production guidance of between 80,000 ounces and 85,000 ounces of gold.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> The New Luika gold mine in Tanzania continues to perform above nameplate capacity, with 174,\u00a0069 tonnes milled in the first quarter <\/p>\n<\/blockquote>\n<\/figure>\n<p>The New Luika gold mine in Tanzania continues to perform above nameplate capacity, with 174,069 tonnes milled in the first quarter, compared with 177,913 tonnes in Q4, Shanta said. <\/p>\n<p>The company&#8217;s acquisition of Barrick Gold\u2019s <a rel=\"noreferrer noopener\" aria-label=\"assets in Kenya is expected to be concluded in mid-2020 (opens in a new tab)\" href=\"https:\/\/www.mining.com\/barrick-sells-kenya-project-to-shanta-gold-for-14-5-million\/\" >assets in Kenya is expected to conclude in mid-2020<\/a>. The&nbsp;West Kenyan project has an inferred mineral resource estimate of 1.1-million ounces, grading 12.6 g\/t gold.<\/p>\n<p>\u201cDuring the quarter, we announced the acquisition of Barrick\u2019s Kenya assets. As a result, Shanta is expected to transform into a multi-asset and geographically diversified company with a portfolio of low-cost gold mines, and the potential to become a significant producer,&#8221; said CEO Eric Zurrin.<\/p>\n<p>The miner&#8217;s adjusted EBITDA was $15 million, compared to $8.6 million in the previous quarter.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company also reported that is on track to meet its full-year production guidance of between 80,000 ounces and 85,000 ounces of gold.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179619"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1179619"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179619\/revisions"}],"predecessor-version":[{"id":1179816,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1179619\/revisions\/1179816"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1179619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1179619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1179619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}