RE:TGZ analyst comments Sept 8/20 Summary
Teranga Gold released its Q2 results last month with quarterly gold production of 89,000 ounces and raised its FY2020 production guidance.
Meanwhile, the company's Feasibility Study at Sabodala-Massawa has highlighted a Tier-1 asset with over 350,000 ounces of annual production at industry-leading costs.
Based on the company's organic growth potential, and industry-leading costs, the company has moved up from rank #5 to rank #3 among my top-5 African gold producers.
Given the rating upgrade and continued operational excellence, I would view any pullbacks below C$12.60 as buying opportunities.