Gorkana Insight & Analysis Team
Gold win for Tavistock
Tavistock has been appointed financial PR adviser to London-listed Shanta Gold, an East Africa-focused gold mining company, following a competitive pitch process.
Following the appointment of new management earlier in the year, Shanta has carried out corporate restructuring and re-designed and re-optimised its assets.
These efforts continue to present a range of operational cost reducing initiatives, which arrive ahead of delivering an underground feasibility study for its flagship New Luika operation during the present quarter.
Tavistock’s specialist mining team has been brought in ahead of this event.
Jos Simson, joint-CEO at Tavistock, said: "Shanta’s business model in Tanzania targets low cost gold production alongside a renewed focus on delineating further ounces from the multiple prospective deposits within its licence area in East Africa.
“We are very pleased to be working with management on communicating its exciting growth story during its return to sustainable, low cost production. Shanta stands out for the right reasons in what remains to be a difficult time for the gold sector.”
Shanta owns a portfolio of gold resources and one operating mine in Tanzania.