Top 10 Gold Stocks For 2017https://seekingalpha.com/article/4028779-top-10-gold-stocks-2017
Again Teranga in his top ten picks
Top Gold Stocks for 2017
#10 Teranga Gold (OTC:TGCDF)
Teranga owns the producing Sabodala gold mine in Senegal, West Africa, a mine which contains 2.6 million ounces in reserves and 4.4 million measured and indicated resources. Teranga has earned a spot on this list due to the miner's strong operating performance and the likelihood for continued success in 2017.
For example, year-to-date, the miner has increased gold production by 32% to 172,748 ounces, with $217 per ounce in free cash flow per gold ounce sold; its cash balance has swelled by $30 million in that time. Over the anticipated mine life of 13 years, Teranga is estimating that it will produce $549 million in cumulative cash flow due to low cash costs and low sustaining capex.
Meanwhile, Teranga is focused on creating value at its newly acquired Banfora gold project, which carries a proven and probable reserve base of 1.05 million ounces and, according to a feasibility study, will produce 73,800 ounces of gold over an initial 8.6 year mine life, with all-in sustaining costs averaging $839 per ounce. I was definitely a fan of this acquisition as Banfora looks like it will be a real profitable gold mine for Teranga.
Teranga remains a core holding of mine, and I think 2017 will be another strong year for the gold miner; I also think Teranga is a strong takeover target and should draw considerable interest from larger miners in 2017.