This stock no longer trades (delisted May 10, 2024)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Shanta Gold Limited

SHG.L

Gold · Basic Materials

Exchange

London Stock Exchange

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Jun 30, 2023

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Good

Stability

Exceptional

Valuation

Data not available

Winston Score History

The full picture

Shanta Gold is a gold mining company based in Africa. It digs gold out of the ground and sells it — mostly to refiners and bullion banks that turn it into bars, jewelry, or industrial products. The company operates the New Luika Gold Mine in Tanzania, which has been its main producing asset, and has been expanding into Kenya with its North Mara-adjacent Singida project.

The company earns money by selling physical gold at market prices, so its revenue rises and falls with the gold price. It is a small-cap miner with a market value around $200 million, listed on the London Stock Exchange's AIM market. Its competitive position depends heavily on keeping production costs low enough to stay profitable when gold prices dip — a challenge reflected in its thin operating margins and negative return on invested capital. The key risk is cost control and project execution as it tries to grow output beyond its single main mine.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+70.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+503.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

34.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£15M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Shanta Gold Limited grew revenue 70% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

44.1%

Healthy — 44.1% gross margin

Profit after running costs

Operating Margin

26.9%

Excellent — 26.9% operating margin

Return on the money invested

ROCE

14.7%

Good — 14.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+54.0%

Fast-growing sales (+54.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

215%

Turns 215% of profit into real cash

Spare cash per sale

FCF Margin

-5.5%

Burning cash (-5.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.20

Conservative — low debt load (0.20)

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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