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Last C$0.61 CAD
Change Today +0.05 / 8.93%
Volume 1.1M
TGZ On Other Exchanges
Symbol
Exchange
Toronto
Stuttgart
Frankfurt
OTC US
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

teranga gold corp (TGZ) Snapshot

Open
C$0.58
Previous Close
C$0.56
Day High
C$0.62
Day Low
C$0.58
52 Week High
09/15/14 - C$0.88
52 Week Low
11/5/14 - C$0.38
Market Cap
215.2M
Average Volume 10 Days
1.5M
EPS TTM
C$0.15
Shares Outstanding
352.8M
EX-Date
--
P/E TM
3.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TERANGA GOLD CORP (TGZ)

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teranga gold corp (TGZ) Details

Teranga Gold Corporation explores, develops, and produces of gold mines in West Africa and Mauritius. The company owns and operates the Sabodala gold mine located in Senegal. It also holds interests in 9 exploration licenses covering an area of approximately 1,055 square kilometers of a regional land package situated in Senegal. Teranga Gold Corporation was incorporated in 2010 and is headquartered in Toronto, Canada.

Founded in 2010

teranga gold corp (TGZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$850.8K
Chief Financial Officer and Vice President
Total Annual Compensation: C$370.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$442.0K
Vice President of Technical Services
Total Annual Compensation: C$425.0K
Vice President of Sabodala Operations
Total Annual Compensation: $508.8K
Compensation as of Fiscal Year 2014.

teranga gold corp (TGZ) Key Developments

Teranga Gold Corporation Reports Earnings and Operating Results for the Second Quarter Ended June 30, 2015; Provides Production and Capital Expenditure Guidance for the Year Ending December 31, 2015 and Production Guidance for the Three Years from 2015 to 2017

Teranga Gold Corporation reported consolidated financial and operating results for the second quarter ended June 30, 2015. For the quarter, the company reported revenue of $60,064,000 against $57,522,000 for the same period in the last year. Profit before income tax was $10,623,000 against loss before income tax of $13,213,000 for the same period in the last year. Profit attributable to shareholders of the company was $6,726,000 or $0.02 per basic share against loss attributable to shareholders of the company of $12,543,000 or $0.04 loss per basic share for the same period in the last year. The increase was mainly due to a 31% improvement in cost of sales and a 72% decline in finance costs. In the second quarter 2014, net losses were primarily attributable to a $13.7 million write-down of non-cash inventory to net realizable value. The write-down, which related to low-grade long-term ore stockpiles, was fully reversed during the fourth quarter 2014. Cash flow from operations was $12.3 million compared to cash used in operations of $9.8 million year ago. Total capital expenditures were $12.8 million, $6.0 million higher than the prior period, mainly due to higher development capital related to Gora and capitalized deferred stripping. For the quarter, the company reported total mined of 8,306,000 tonnes against 6,665,000 tonnes for the same period in the last year. Gold production was 49,392 oz compared to 39,857 oz a year ago. For the year ending December 31, 2015, the company is maintaining its guidance range with gold production between 200,000 oz to 230,000 oz at total cash costs and all-in sustaining costs of $650 to $700 per ounce and $900 to $975 per ounce, respectively. The company expected capital expenditures to be in the range of $49.0 to $58.0 million, total depreciation and amortization to be in the range of $260 - $275 per oz sold. The company provided production guidance for the three years from 2015 to 2017. For the period, the company’s production is expected to average between 230,000 and 240,000 ounces per annum from 2015 through 2017, down from 254,000 in the 43-101 filed in 2014. Additional upside to free cash flow is expected from the current productivity initiatives underway and favourable fuel and currency rates, as well as, resource to reserve conversions from planned drilling at Niakafiri, Masato, Golouma, and Kerekounda and the OJVG land lease.

Teranga Gold Corporation to Report Q2, 2015 Results on Jul 30, 2015

Teranga Gold Corporation announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Jul 30, 2015

Teranga Gold Corporation, Q2 2015 Earnings Call, Jul 30, 2015

Teranga Gold Corporation, Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

TGZ

Industry Average

Valuation TGZ Industry Range
Price/Earnings 3.2x
Price/Sales 0.6x
Price/Book 0.3x
Price/Cash Flow 3.4x
TEV/Sales 0.4x
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