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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

Comment by mercedesmanon Jan 17, 2019 5:42pm
131 Views
Post# 29248439

RE:RE:RE:RE:RE:RE:Maybe this is why Mimran and insiders aren't buying shares

RE:RE:RE:RE:RE:RE:Maybe this is why Mimran and insiders aren't buying shares
loubastone wrote: This happened near the Border of Niger I believe...Isn't the Golden Hill claim on the southern side? Either way, Burkina Faso is becoming more unstable and government needs to crack down on this before it gets out of hand


Correct. the new mine is on the opposite end of the country to where these unfortunate events are taking place. Again. This does not disrupt TGZ's existing production since it is in Senegal. However it could slow down future growth at a prospective mine site in BF, IF the violence is not contained. The Government will find a way to curb violence if it means development $ and tax $ either slows or stops. In any event, it's part of the known risk of operating in that part of the world. Not much better in parts of South America, Ukraine, middle east, etc. Not to mention the political risk almost everywhere. IMO.
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