Aim-listed Shanta Gold has announced a revised mine plan for its New Luika gold mine, in Tanzania, for January 2017 to December 2023, as well as an updated reserve plan for the mine. The revised mine plan is expected to result in a 39% increase in forecast gold production for 2017 to 2023, from 359 000 oz to 500 000 oz, as well as a four-year extension of the use of the New Luika gold mine plant based on current reserves. Production is expected to average 85 200 oz/y of gold from 2017 to 2020.
