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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 05RfidRichon Aug 08, 2019 10:55am
121 Views
Post# 30006714

Gentlemen.

Gentlemen.
This the latest for hedging from the Q2 just released. "The Companys hedge program was put in place in 2017 to provide greater cash flow certainty during the construction of Wahgnion. During the second quarter, the Company made a number of changes to its existing gold hedging program to benefit from the recent rise in gold prices. In late June 2019 and early July, the Company rolled over 51,000 ounces of forward gold sales contracts to defer settlements to the first half of 2020 at an average price of $1,330 per ounce. Concurrently with these transactions, the Company entered into zero cost collars for the second half of 2019 covering 30,000 ounces of gold production (minimum price of $1,380 per ounce and maximum price of $1,448 per ounce) and 37,166 ounces of gold production (minimum price of $1,380 per ounce and a maximum price of $1,478 per ounce). Read more at https://stockhouse.com/companies/bullboard?symbol=t.tgz&postid=29995807#4uO7T7LUd26kVcf6.99
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