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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 Nov 10, 2020 10:15am
221 Views
Post# 31869670

3rd Qtr result. $25+

3rd Qtr result. $25+ THIRD QUARTER 2020 HIGHLIGHTS Three months ended September 30, 2020 compared to three months ended September 30, 2019 69% increase in gold production to a record 104,773 ounces 169% growth in revenue to $192.6 million 348% increase in gross profit to $77.0 million Rise in consolidated net profit attributable to shareholders to $9.2 million, or $0.05 per share, compared to net loss attributable to shareholders of $9.7 million or $0.09 per share Increase in adjusted net profit attributable to shareholders1 to $38.8 million, or $0.23 per share, compared to $2.3 million or $0.02 per share EBITDA1 up 306% and adjusted EBITDA1 up 290% 714% increase in operating cash flow to $75.6 million Free cash flow1 grew to $37.2 million Cash balance increased to $57.3 million and gold bullion inventory rose to 20,800 ounces, representing $39.2 million at quarter end gold price of $1,887 per ounce
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