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Shanta Gold To Acquire Barricks Kenya Gold Projects

Shanta Gold completes purchase of Barrick’s gold projects in Kenya 20 August 2020 (Last Updated August 20th, 2020 12:36) East African mining firm Shanta Gold has completed the 100% acquisition of Barrick Gold’s subsidiary Acacia Exploration Kenya (AEKL).

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Shanta Gold Completes Purchase Of Barrick’S Gold Projects ...

Shanta Gold completes purchase of Barrick’s gold projects in Kenya 20 August 2020 (Last Updated August 20th, 2020 12:36) East African mining firm Shanta Gold has completed the 100% acquisition of Barrick Gold’s subsidiary Acacia Exploration Kenya (AEKL).

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Shanta Gold To Buy Barrick's Kenya Projects (Nyse:Gold ...

Feb 10, 2020· Barrick Gold (NYSE:GOLD) agrees to sell its Acacia Exploration project in Kenya for $14.5M in cash and stock, buyer Shanta Gold says. The project…

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Shanta Gold To Acquire Barrick's Subsidiary Acacia ...

Feb 10, 2020· (West Kenya Project). Fully financed purchase price totals US$7 million cash, US$7.5 million shares in Shanta Gold Limited issued to Barrick, and a two percent life of mine net smelter return (NSR) royalty over the Project. Barrick will become Shanta Gold’s fifth largest shareholder with a 6.4% interest. Benefits for Shanta Gold Shareholders:

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Shanta Agrees To Buy Barrick’S Gold Projects In Kenya

Shanta will pay $7m in cash for the assets and $7.5m in shares, and a 2% net smelter return (NSR) will be with Barrick over the life of mine. Shanta Gold CEO Eric Zurrin said: “The West Kenya acquisition is significant for Shanta Gold, creating an East African gold mining champion with realisable growth prospects and high asset quality across three attractive gold projects.

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Shanta Gold Acquires Barrick Gold’S Kenya Gold Projects ...

The transaction enables Barrick to become Shanta Gold’s fifth largest shareholder with a 6.4 percent stake. “The West Kenya acquisition is significant for Shanta Gold, creating an East African gold mining champion with realizable growth prospects and high asset quality across three attractive gold projects,” said Shanta Gold CEO Eric Zurrin.

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Shanta Gold To Acquire Barrick's West Kenya Gold Project ...

Shanta Gold will pay US$7 million cash, issue US$7.5 million of shares and grant a 2% life-of-mine net smelter return royalty to Barrick Gold.

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Shanta To Acquire Barrick Gold’S Kenya Projects

Shanta Gold is buying Acacia Exploration Ltd, the local Kenya subsidiary of Barrick Gold ()().Shanta CEO Eric Zurrin can barely conceal his pleasure as he tells Proactive London about the 'spectacular grades' at the new project and how he plans to slash operating spending to roughly half of Barrick's …

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Shanta Gold To Acquire Barricks Kenya Projects In 2020 ...

Feb 10, 2020 - Shanta Gold announced that it has entered into a definitive agreement pursuant to which it will purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration (Kenya) (“AEKL”) from two subsidiaries of Barrick Gold Corporation.

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Shanta Gold Ltd To Acquire Barrick Gold’S Kenya Projects

Feb 10, 2020· Shanta Gold Ltd is to purchase 100% of the shares of Acacia Exploration (Kenya) Ltd, the local Kenya subsidiary of Barrick Gold . The primary asset is the West Kenya project…

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Shanta Gold Completes Purchase Of Barrick’S Gold Projects ...

Aug 20, 2020· Shanta Gold completes purchase of Barrick’s gold projects in Kenya. By Micheal van Wyk. August 20, 2020. 93. 0. Share: East African mining firm Shanta Gold has completed the 100% acquisition of Barrick Gold’s subsidiary Acacia Exploration Kenya (AEKL). The shares were acquired from three of Barrick’s subsidiaries.

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Shanta Gold Regulatory News. Live Shg Rns. Regulatory …

SHANTA GOLD TO ACQUIRE BARRICK'S KENYA GOLD PROJECTS . Shanta Gold (AIM: SHG), the East Africa-focused gold producer announces that it has entered into a …

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Shanta Gold : West Kenya Project Scoping Study ...

WEST KENYA PROJECT • Highly prospective gold project in the Lake Victoria gold field • US$63 m invested since 2010 • Resources: 1.18 Moz at 12.6 g/t • Scoping study in place; Infill drilling to begin in Q4 2020 • LOM Avg Production: 105 koz • LOM Avg AISC: US$681/oz

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Shanta Gold Starts Construction Of The Singida Project ...

Oct 07, 2020· S hanta Gold Ltd. said it has started construction of the Singida Gold Mining Project in central Tanzania with updated project economics.. The mine will increase Shanta’s group production to 110,000 ounces in the first full year of operation and have …

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Barrick Sells Kenyan Project To Shanta Gold For Us$14.5 ...

Feb 17, 2020· KENYA – Barrick Gold, a mining company, has sold its project in southwestern Kenya, held by its former subsidiary Acacia Mining, to Tanzania-focused Shanta Gold in a US$14.5 million deal.. The cash and shares transaction give Shanta its first asset outside Tanzania, which Acacia began exploring in 2010 before being bought out by Barrick.

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Shanta To Acquire Barrick's Kenya Gold Projects

Shanta To Acquire Barrick's Kenya Gold Projects 07:00:47 10 Feb 2020 - SHANTA GOLD LIMITED - News article - Regulatory News Service

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Shanta Gold Buys Kenya Exploration Project From Barrick

Shanta Gold on Monday said it had acquired Barrick subsidiary Acacia Exploration's project in southwestern Kenya in a $14.5 million deal which gives the Tanzania-focused miner its first asset outside the country. The project, which Acacia Mining began exploring in 2010 before being bought out by

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Shanta Gold Limited (Lon:Shg) To Acquire Barrick’S Kenya ...

Shanta Gold (AIM: SHG), the East Africa-focused gold producer announces that it has entered into a definitive agreement pursuant to which it will purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration (Kenya) Ltd. (“AEKL”) from two subsidiaries of Barrick Gold Corporation (“Barrick”). AEKL’s primary asset is a 100% participating interest in licences held by Afriore ...

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Shanta Gold: $14.5M Acquisition Of Barrick Kenya Gold …

The project, which Acacia Mining began exploring in 2010 before being bought out by Barrick, is estimated to hold 1.18Moz of gold grading 12.6g/t. Shanta bought the project for $7M cash and $7.5M in shares issued to Barrick, making the Canadian miner Shanta’s 5th largest shareholder with a …

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Shanta Gold Limited (Lon:Shg) To Acquire Barrick’S Kenya ...

Shanta Gold Limited (LON:SHG) To Acquire Barrick’s Kenya Gold Projects www.share-talk.com Shanta Gold (AIM: SHG), the East Africa-focused gold producer announces that it has entered into a definitive agreement pursuant to which it will purchase 100% of the shares of Barrick’s Read More...

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Shanta Gold Buys West Kenya Prospects From Barrick For …

SHANTA Gold is to buy gold exploration properties in Kenya from Barrick Gold for $14.5m in cash and shares in an effort to introduce geographical diversity to its asset base.. The company, listed on London’s Alternative Investment Market (AIM), currently mines at the New Luika gold mine in Tanzania. The deal increases Shanta’s gold resource inventory to over three million ounces of ...

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