Teranga Gold Corporation T.TGZ

Q1 presentation

[GoldPanda1]

https://s1.q4cdn.com/851853033/files/doc_presentations/2017/04-27-2017-Q1-Slides-Final3.pdf

check out slide 19 for impact of GDXJ rebalance

otherwise results are decent, it was a strong q1 2016 and hard to repeat
https://finance.yahoo.com/news/teranga-gold-reports-strong-q1-100000840.html

5.5mn profit, 21.9mn ebitda, 21.3mn operating cash flow, no change in cost and output outlook

i'm thinking on adding some more shares in anticipation of this:

"The Company will issue a mid-year resource and reserve update, which will include Banfora and the recent drill results at Sabodala."

[kkkrrrr]

The numbers are ok but again the high stripping costs..when this will end? ... without the hese stripping costs the numbers would be much better... bottomline is: they are not able being profitable including ALL costs ... thats the reason why the shares are trading at discount to its peers

[GoldPanda1]

those stripping costs were expected - "Pre-production stripping activities commenced at Golouma West in February." anyway, some nice operating results - tonnes mined a new record high, mill througput also a record "Total tonnes mined during the first quarter were a Company record and 20 percent higher compared to the prior year period mainly due to higher than planned

[kkkrrrr]

Anyway..they always hide costs ..the true All-in-costs are near 1100$ and this makes Teranga a bet on a higher POG..nothing more.. with each sattelite deposit they need to open they will have stripping costs.. Banfora has the same problem..a lot satelite deposits and all-in costs near 1000$ ... operational Q1 was ok but I he high All-in costs makes this stock risky

[auburn2]

With $100mm of cash, it's not risky. And gold sitting around $1250 can't last for long. The fundamentals are better than now than when gold was $1700 and going higher.