See more : Wetzel S.A. (MWET3.SA) Income Statement Analysis – Financial Results
Complete financial analysis of Shanta Gold Limited (SAAGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Shanta Gold Limited, a leading company in the Gold industry within the Basic Materials sector.
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Shanta Gold Limited (SAAGF)
About Shanta Gold Limited
Shanta Gold Limited, together with its subsidiaries, engages in the exploration, development, and production of gold in Tanzania. Its flagship asset is the New Luika gold mine property located in Songwe district of Southwestern Tanzania. The company was founded in 2005 and is based in Saint Peter Port, the United Kingdom.
| Metric | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|
| Revenue | 111.98M | 101.80M | 157.16M | 117.13M |
| Cost of Revenue | 95.20M | 88.69M | 90.82M | 115.64M |
| Gross Profit | 16.78M | 13.11M | 66.34M | 1.48M |
| Gross Profit Ratio | 14.99% | 12.87% | 42.21% | 1.27% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.00M | 10.16M | 8.16M | 6.63M |
| Selling & Marketing | -218.03K | -632.65K | -284.89K | 254.52K |
| SG&A | 11.78M | 9.53M | 7.87M | 6.88M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 11.78M | 9.53M | 7.87M | 6.88M |
| Cost & Expenses | 106.98M | 98.22M | 98.69M | 122.52M |
| Interest Income | 3.93K | 982.91 | 21.32K | 55.04K |
| Interest Expense | 2.63M | 1.95M | 4.05M | 6.11M |
| Depreciation & Amortization | 17.27M | 17.72M | 22.09M | 33.04M |
| EBITDA | 22.27M | 21.30M | 80.56M | 27.64M |
| EBITDA Ratio | 19.88% | 20.92% | 51.26% | 23.60% |
| Operating Income | 5.00M | 3.58M | 58.47M | -5.40M |
| Operating Income Ratio | 4.47% | 3.52% | 37.20% | -4.61% |
| Total Other Income/Expenses | -2.08M | -2.60M | -19.47M | 4.16M |
| Income Before Tax | 2.87M | 982.91K | 41.57M | -1.24M |
| Income Before Tax Ratio | 2.56% | 0.97% | 26.45% | -1.06% |
| Income Tax Expense | 5.13M | 7.05M | 23.24M | 8.61M |
| Net Income | -2.26M | -6.06M | 17.20M | -9.85M |
| Net Income Ratio | -2.02% | -5.96% | 10.95% | -8.41% |
| EPS | 0.00 | -0.01 | 0.02 | -0.01 |
| EPS Diluted | 0.00 | -0.01 | 0.02 | -0.01 |
| Weighted Avg Shares Out | 1.05B | 1.05B | 850.27M | 785.97M |
| Weighted Avg Shares Out (Dil) | 1.05B | 1.05B | 852.67M | 785.97M |
Shnata Gold's bidder points to proxy firms recommendation
Shanta Gold's bidder has noted two Independent proxy advisory firms, Glass Lewis and Institutional Shareholder Services (ISS), have recommended shareholders vote in favour of the offer. Bid vehicle Saturn Resources has made an all-cash bid worth 13.5p per share, valuing...
Shanta Gold tops 100,000 oz production as new mine opens
Shanta Gold topped production of 100,000 oz gold produced in 2023 for the first time as its new mine at Singida in Tanzania continued its good start. Singida helped offset a moderate slowdown at New Luika, also in Tanzania, said...
Shanta Gold reports more intercepts from latest New Luika drilling
Shanta Gold said assays the latest drilling at its New Luika gold mine in Southwestern Tanzania relating to 2023 drilling showed intercepts in three areas. “Eric Zurrin, chief executive said: "We restarted drilling at New Luika in July 2023 as the...
Shanta Gold accepts takeover offer just above market price
Shanta Gold is recommending a cash takeover bid from a Tanzania-based group. Saturn Resources, part of ETC Holdings offer is worth 13.5p per share and values the East Africa-based gold miner at £142 million.
Shanta Gold hails latest drilling from West Kenya project
Shanta Gold Ltd (AIM:SHG, OTC:SAAGF) hailed the presence of visible gold from most assays drilled at its West Kenya project, in the first update since drilling restarted in May. "We continue to believe that the drilling results delivered at West Kenya demonstrate that...
Shanta Gold's good run of form continuing, says broker
Shanta's strong run of form is continuing says house broker Liberum with both of its operating mines in Tanzania delivering above expectations in its latest quarter. Guidance for the year to end December 2023 was reiterated at 90-98,000oz of gold...
Shanta Gold on track as Singida exceeds targets again
Shanta Gold has reported steady production in its latest quarter as its new mine in Tanzania, Singida, exceeded production expectations again. Total production in the three months to end Septmber 2023 was 27,935 ounces, with New Luika output at 18,271...
Shanta Gold's profit jumps in H1 2023 on strong production and higher gold prices
(Kitco News) - Africa-focused gold producer Shanta Gold (AIM: SHG) said today that in H1 2023, the company produced 44,771 oz of gold (H1 2022: 28,947 oz) and generated record revenues of $88.3 million (H1 2022: $51.9 million).
Shanta Gold smashes more records as first half revenues soar
Shanta Gold hailed record-breaking first-half results as it reaped the benefit of its new mine opening at Singida in Tanzania. Revenues jumped 70% to US$88.3 million in the six months to June 2023 as gold production rose by 55% at...
Shanta Gold set to generate around US$1bn in revenue over the next five years, as gold production ramps up
Record second quarter production from Shanta Gold Limited (AIM:SHG, OTC:SAAGF)'s Tanzanian mining operations generated more than US$23mln of quarterly earnings and set the company well on the road to wiping out the last of its legacy debt from construction. At...
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