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Teranga Gold Corporation T.TGZ

Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Comment by lumpy13on Jan 15, 2018 12:50pm
107 Views
Post# 27359975

RE:Hedged?

RE:Hedged?It was 50% of production through 2018, totalling 131k oz at $1,336.  It was done to ensure financing for Banfora and to minimize/eliminate the need for a capital raise.  

https://www.terangagold.com/English/investors/news/newsreleasedetails/2017/Teranga-Gold-Hedges-50-of-Sabodala-Production-at-1336-per-Ounce-Through-2018-Providing-Greater-Cash-Flow-Certainty-During-Banfora-Project-Construction/default.aspx
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