GOLD
Aim-listed Shanta Gold’s New Luika gold mine produced 19 097 oz in the quarter ended December 31, significantly lower than the 22 721 oz produced in the previous quarter, but still in line with the company’s guidance. Gold production for the year was 84 028 oz, ahead of the guidance of 80 000 oz to 83 000 oz and 31% above the comparable period’s output of 64 054 oz, reflecting a combination of a 48% increase in ore milled and 16% reduction in ore grade.
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