- Teranga Gold’s AISC dropped to an amazingly low $711/oz in Q4, which is much better than expected.
- Except for the AISC there are no real surprises, and no news is good news in Teranga’s case as it’s one of the few free cash flow positive gold miners.
- The investment thesis remains valid and Teranga is a buy on further dips.
https://seekingalpha.com/article/2871556-update-teranga-golds-strong-performance-doesnt-surprise-me