viewShanta Gold Limited

Full interview: Shanta to acquire Barrick Gold’s Kenya projects

Shanta Gold (LON:SHG) is buying Acacia Exploration Ltd, the local Kenya subsidiary of Barrick Gold (NYSE:GOLD)(TSE:ABX).

Shanta CEO Eric Zurrin can barely conceal his pleasure as he tells Proactive London about the 'spectacular grades' at the new project and how he plans to slash operating spending to roughly half of Barrick's cost model.

The West Kenya project has a resource currently pegged at just under 1.2mln ounces with grades at a handsome 12.6 grams per tonne, and the project is believed to be the highest grade million ounce-plus project under development anywhere in Africa.

Barrick will become Shanta Gold’s fifth largest shareholder with a 6.4% interest.

Quick facts: Shanta Gold Limited

Price: 18.75 GBX

Market: AIM
Market Cap: £159.11 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shanta Gold Limited named herein, including the promotion by the Company of Shanta Gold Limited in any Content on the Site, the Company...



Shanta Gold 'one of the best looking junior gold companies in London', says...

Mining Capital's Alastair Ford says Shanta Gold's (LON:SHG) been making a lot of interesting noise around its latest acquisition of the West Kenya project. ''What interests me most about this project is that within what could turn out to be a district play there could be several large gold mines...

9 hours, 20 minutes ago

2 min read