Teranga Gold Corporation T.TGZ

Impoortant to keep in mind. Makes me feel a little better!

[05RfidRich]

TORONTO, Sept. 11, 2017 (GLOBE NEWSWIRE) -- Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ) is pleased to announce that it has entered into forward gold sales contracts with Macquarie Bank Limited for a total of 131,000 ounces of gold commencing October 1, 2017 through December 31, 2018, at a gold price of $1,336 per ounce. As outlined in the updated technical report for its Sabodala operation in Senegal filed on August 30, 2017, the Company anticipates production of up to 111,000 ounces in the second half of 2017 and 213,000 ounces in 2018. The forward sales contracts represent approximately 50% of the production expected over the five quarters to the end of 2018.

[Oska1139]

Hedging details updated in Feb 18 :- "On September 11, 2017, the Company entered into forward gold sales contracts for a total of 131,000 ounces of gold with settlements commencing October 2017 through December 2018 at a gold price of $1,336 per ounce. During the fourth quarter, the Company subsequently amended these contracts to defer quarterly settlements by a quarter, and as a result, the

[thisisriskystuf]

IF this is all true this stock should rising in price, imho should be around $5.50 , i am a long invested no trader so when god moves up this stock will move higher like all other gold stock target price $7.50 Just waiting for gold to hit $1350 or better