Shanta Gold output hits target

East Africa-focused miner Shanta Gold yesterday said it had produced 64,054 ounces of gold in 2013, marginally above the guidance of 63,000 ounces. The amount of materials going through the processing plant has reached the target 1,275 tonnes per day, resulting in consistent gold output of around 6,500 ounces per month in the fourth quarter. “These are a solid set of results that demonstrate stable operational performance,” said Investec.