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IN BRIEF: Shanta Gold first-half earnings down; affirms outlook

27th Aug 2021 09:23

Shanta Gold Ltd - East Africa-focused gold producer - Revenue in six months to June 30 falls 21% to USD57.8 million from USD73.0 million a year earlier. Pretax profit falls 44% to USD8.6 million from USD15.3 million. First-half gold output down to 28,842 ounces from 42,383 ounces. Reiterates guidance of output between 60,000 ounces and 65,000 ounces. Proposes 0.1 pence per share interim dividend.

Current stock price: 13.14p

Year-to-date change: down 23%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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