Shanta Gold on track to hit 2013 gold production target

East African-focused mining company Shanta Gold is back on track to hit its 2013 production target of 70,000 ounces of gold in the New Luika Gold Mine in Tanzania, according to a trading update published this morning.

East African-focused mining company Shanta Gold is back on track to hit its 2013 production target of 70,000 ounces of gold in the New Luika Gold Mine in Tanzania, according to a trading update published this morning.

New crusher speeds up productionThe AIM-listed mining company revealed that, following the successful installation of a tertiary crusher at the mine, it had more than doubled the volume of material broken down daily since the initial crushing circuit installed struggled to handle the run of mine ore.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.