Shanta Gold have announced a Maiden dividend paid in April 2021 and interim dividend paid in October 2021, totalling approximately US$2.8 million during 2021.
Other financial highlights include:
Revenue of US$103.6 million ("m") (2020: US$147.4 m);
Gross profit of US$26.0 m (2020: US$56.7 m);
EBITDA of US$19.0 m (2020: EBITDA of US$63.9 m);
All gold sales unhedged and completed at spot price, with average selling price of US$1,801 /oz during 2021 (2020: US$1,495 /oz);
Total VAT refunds of US$7.2 million;
Gross debt reduced to US$2.4 m, following repayment of the US$10 million convertible loan note in April 2021;
Adjusted Operating Cash costs of US$1,081 /oz and an AISC of US$1,439 /oz; in line with revised guidance; and
