Shanta Gold ramps up production

Shanta Gold yesterday showed the successful effects of ramped up production at one of its mines, with gold output hitting 26,336 ounces during the first half of the year. Sales of 23,842 oz generated $36.2m (£22.8m) in revenues. An operating loss of $4m was recorded due to higher costs. Chief executive Mike Houston said the company had made “significant progress at both a corporate and operational level”.