Shanta ups gold production 18% in 2022, nearly misses on guidance Shanta
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The company also reported adjusted operating cash costs of US$1,014 /oz and all-in sustaining costs of US$1,270 /oz in 2022, in line with AISC guidance of US$1150-1275 /oz. CEO Eric Zurrin commented,"Despite a near miss on guidance, I am happy to report that there are numerous initiatives underway and in place for 2023 to decrease operational risks and optimize production. These include the team adding 40% to the open pit mining capacity with the addition of mining equipment from a second contractor as well as Shanta taking the delivery of a newly purchased underground production rig.
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