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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

Post by Mastermindedon Aug 21, 2017 5:28pm
312 Views
Post# 26605021

TGZ $5.25

TGZ $5.25Teranga reported producing 57,557 ounces in the second quarter, up 10% from the year before. The company is still on track to deliver on its guidance of 205,000 to 225,000 ounces for the year. It also confirmed that the feasibility study for the Banfora project will be out before the end of August. The last feasibility study was in 2015. Theres been a lot of promising drill results since then, so this feasibility study should increase Terangas resource. Shares have been languishing. However, Teranga is one of the best deals out there right now. It has an EV/EBITDA ratio of just 2. Competitors EV/EBITDA ratios range from 4.8 to 15.6. Action to Take: Buy Teranga Gold (TGZ.TO) up to C$5.25
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