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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

Bullboard Posts
Post by MrAndersonon Feb 14, 2016 1:20pm
151 Views
Post# 24557656

Low production at a time of low prices, seem fine

Low production at a time of low prices, seem fineWhile not likely completely planned I am fine with the fact that they had lower production and either stockpiled or deferred mining ounces during a time of low gold prices.  Mining enough to just stay out of debt and concentrating on reducing AISC was prudent.  Now with lower fuel costs and rising gold prices there is an opportunity for better profits from higher production.  Maybe mgt knows more about the overall gold market then some have given them credit for.  Then again maybe they are just getting lucky.  Either way the winds seem to be more in our favour now.
Bullboard Posts