Today we released our interim results and are pleased to report record half year revenues! We are delighted to announce strong performance across the board, with interim result highlights including: ✅ Record half year revenues of US$88.3 million, up 70% from H1 2022 ✅Profit after tax of US$12.7 m, up from loss of US$3.1 m in H1 2022 ✅Gold production of 44,771 oz, up 55% from H1 2022 ✅Cash, and available liquidity of US$25.0 million, more than double FY22 ✅Outstanding safety record: TRIFR rate of 0.00 in Q2 and 0.00 YTD and zero LTIs ✅Annual production guidance reconfirmed at 90,000-98,000 oz gold for 2023 Commenting on the record results, our CEO, Eric Zurrin said: "Today we have delivered another set of record-breaking results, reflecting the huge effort from the team at Shanta over the first half of 2023. We continue to reach new heights at New Luika and Singida, with record half year revenues of US$88.3 million. This was driven by a 55 per cent increase in gold production as well as the benefits of a diversified portfolio and strong gold price. As a result, EBITDA was up 140 per cent to US$33.9m. …. As we deliver on our strategy, we continue to deliver value for our shareholders. Today the Board has declared an interim dividend of 0.10 pence per share, the sixth consecutive period with a dividend paid, totalling cash payments of US$8.0 million since 2021.” Read the full announcement here: https://lnkd.in/e5tM5_ht
Well done at Shanta. Keeping up and more for Luika and Singida.
Great work. Interested in working with you
Building construction supervisor for two years
Congrats
Good news
Excellent
Well done.
Inspiring
Well done!!
Senior Client Relationship Lead
11moInspiring, well done to this team.