Peel Hunt has been appointed as NOMAD and joint corporate broker to Shanta Gold Limited, as announced on 20 March, 2014. Shanta is AIM listed and has a market cap of c. £69m (Ticker symbol: SHG.L).
Shanta is an East African focused gold producing company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in 2012 and produced 64,000 ounces in 2013.