Last C$0.65 CAD
Change Today +0.02 / 3.17%
Volume 2.1M
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As of 3:59 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

teranga gold corp (TGZ) Snapshot

Open
C$0.64
Previous Close
C$0.63
Day High
C$0.68
Day Low
C$0.63
52 Week High
03/6/14 - C$1.16
52 Week Low
11/5/14 - C$0.38
Market Cap
229.3M
Average Volume 10 Days
2.2M
EPS TTM
C$0.06
Shares Outstanding
352.8M
EX-Date
--
P/E TM
8.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for TERANGA GOLD CORP (TGZ)

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teranga gold corp (TGZ) Details

Teranga Gold Corporation is engaged in the exploration, development, and production of gold mines in West Africa and Mauritius. The company owns the Sabodala gold mine located 650 kilometers southeast of the Dakar, Senegal. It also holds interests in 9 exploration licenses comprising approximately 1,055 square kilometers of a regional land package situated in Senegal. Teranga Gold Corporation was incorporated in 2010 and is based in Toronto, Canada.

Founded in 2010

teranga gold corp (TGZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$540.8K
Chief Financial Officer and Vice President
Total Annual Compensation: C$260.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$312.0K
Vice President of Sabodala Operations
Total Annual Compensation: C$358.8K
Compensation as of Fiscal Year 2013.

teranga gold corp (TGZ) Key Developments

Teranga Gold Corporation Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-23-2015

Teranga Gold Corporation Presents at BMO Capital Markets 24th Global Metals & Mining Conference 2015, Feb-23-2015 . Venue: Westin Diplomat Resort, 3555 South Ocean Drive, Hollywood, Florida, United States.

Teranga Gold Provides First Exploration Update for 2015

Teranga Gold Corporation provided an update on exploration activities conducted in the fourth quarter of 2014. Mine License: During the fourth quarter Teranga began a multi-year reserve development and exploration program on the mine license to convert some of the 5.7 million ounces of Measured and Indicated Resources, inclusive of 2.3 million ounces Proven and Probable Reserves (excluding Gora Reserves of 280,000 ounces) and 2.35 million ounces of Inferred Resources to reserves, as well as, make new discoveries on the mine license. High-grade mill feed and low-grade heap leach feed is being targeted on the mine license, which should allow the Company to further increase production toward its Phase 1 organic growth target of 250,000 to 350,000 ounces of annual production, an increase of about 50% from current production levels. Extension of the Masato style bulk tonnage gold trend showed potential to be extended by over 2 km with the discovery of Masato NE. Both the Golouma and Kerekounda high-grade deposits were targeted to determine the potential for conversion of high-grade resources to reserves. The Golouma and Masato NE results are very encouraging and work is continuing on these two prospective targets on the mine license. While the focus during the fourth quarter of 2014 centered on two high-grade deposits scheduled to come into production over the next few years and one large exploration target, there exists significant potential over many prospects in various stages of exploration development. Regional Land Package: Work continued through the fourth quarter on the regional land package for high-grade satellite feed for the Sabodala mill and new standalone discoveries as part of the Company's Phase 2 organic growth target of 400,000 to 500,000 ounces of annual gold production. The focus in the current gold price environment is on the mine license and Phase 1 vision and, as a result, the company is methodically and systematically evaluating regional targets in a measured way to conserve capital. Ultimately, the company believe that a number of discoveries on this emerging gold belt will be made in the coming years, similar to the eastern portion of this belt in Mali where more than 40 million ounces have been discovered including several world-class deposits (5 million plus ounces). Results from the two areas of focus in the fourth quarter continued to improve knowledge of these large and prospective areas. New Discovery Area: Masato NE: A surface trenching program completed in the fourth quarter of 2014 revealed a 2 km continuous shear zone approximately 1 km north of the Masato deposit. Significant gold assay results from channel samples in these trenches were concentrated along an 800 m trend in the northern section of the Masato NE shear. A 26 hole diamond drill program began in late December 2014 to follow up on the mineralization potential at depth in this area. Core assays are pending, however, core logging of these first ten holes reveals continuation of the shear zone at depth and in down hole widths of up to 30 m. The results for Masato NE are encouraging for the following reasons: trenching identified a significant shear system in terms of both length (2 km) and width (up to 60 m); the type of mineralization is similar to Masato located 1 km away; and the shear system identified at surface continues at depth with good alteration widths of up to 30 m.

Teranga Gold Corporation Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Teranga Gold Corporation reported consolidated audited earnings results for the fourth quarter and year ended December 31, 2014. For the full year, the company reported revenue of $260,588,000 compared to $297,927,000 a year ago. Profit before income tax was $23,847,000 compared to $59,670,000 a year ago. Profit attributable to shareholders was $17,776,000 compared to $50,280,000 a year ago. Basic and diluted earnings per share were $0.05 compared to $0.19 a year ago. Net cash provided by operating activities was $49,009,000 compared to $74,307,000 a year ago. Expenditures for property, plant and equipment was $3,567,000 compared to $17,344,000 a year ago. Expenditures for mine development were $15,346,000 compared to $51,603,000 a year ago. For the fourth quarter, the company reported revenue of $76,553,000 compared to $58,302,000 a year ago. Profit attributable to shareholders was $27,693,000 compared to loss attributable to Shareholders of $2,420,000 a year ago. Operating cash flow was $30,677,000 compared to $13,137,000 a year ago. Free cash flow was $26,572,000 compared to $20,412,000 a year ago. Earnings per share were $0.08 compared to loss per share of $0.01 a year ago. Capital expenditures were $4,105,000 compared to $3,725,000 a year ago.

 

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TGZ

Industry Average

Valuation TGZ Industry Range
Price/Earnings 9.7x
Price/Sales 0.7x
Price/Book 0.4x
Price/Cash Flow 10.1x
TEV/Sales 0.5x
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