MY COMPANY = SMART BJ TGZ DONT SHORT THIS ONE Teranga Gold (TSX:TGZ)
Current price: C$4.20; year-to-date gain: 42.86 percent
Teranga Gold is an emerging mid-tier, multi-jurisdictional West African gold company focused on production, development and exploration. It owns and operates the Sabodala gold mine, the only gold mine and mill in Senegal.
After exceeding its 2017 production guidance by delivering a record 225,000 ounces, Teranga is forecasting gold production of between 210,000 and 225,000 ounces in 2018 at Sabodala.
On the back of impressive recoveries at Sabodala, Teranga secured a total of US$200 million by early March. It will use the funds for a feasibility study for its Golden Hill project.