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Bullboard - Stock Discussion Forum 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 Discussion

Teranga Gold Corporation > SECOND QUARTER 2020 HIGHLIGHTS
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Post by thisisriskystuf on Aug 07, 2020 6:23am

SECOND QUARTER 2020 HIGHLIGHTS

 SECOND QUARTER 2020 HIGHLIGHTS Three months ended June 30, 2020 compared to three months ended June 30, 2019 40% increase in consolidated gold production to 89,011 ounces, driven by a strong second quarter operations at Wahgnion. 96% increase in revenue to $164.2 million. 209% increase in gross profit to $56.4 million. Increase in consolidated net profit attributable to shareholders to $2.4 million, or $0.01 per share, compared to a net loss of $7.6 million or $0.07 per share. Increase in adjusted net profit attributable to shareholders to $27.7 million, or $0.17 per share, compared to $2.9 million or $0.03 per share. 135% increase in EBITDA and 137% increase in adjusted EBITDA. 187% increase in operating cash flows before changes in working capital, excluding inventories. 121% increase in operating cash flows. Unsold gold bullion inventory of $36.3 million (using a period-end spot gold price) due to a lengthened time-frame between shipments related to the coronavirus pandemic. 2020 production guidance updated to 375,000 to 400,000 ounces of gold from earlier guidance of 345,000 to 355,000 ounces. New five-year production and cost guidance (2021 - 2025): Companywide production is ex
Comment by thisisriskystuf on Aug 07, 2020 6:25am
Teranga Gold Delivers Strong Q2 Production Led by Wahgnion; Increases 2020 Gold Production Guidance to 375,000-400,000 Ounces
Comment by thisisriskystuf on Aug 07, 2020 7:37am
TERANGA GOLD DELIVERS STRONG Q2 PRODUCTION LED BY WAHGNION; INCREASES 2020 GOLD PRODUCTION GUIDANCE TO 375,000-400,000 OUNCES * TERANGA GOLD CORP - 96% INCREASE IN REVENUE TO $164.2 MILLION IN QUARTER * TERANGA GOLD CORP QTRLY NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS $0.01 PER SHARE * TERANGA GOLD CORP QTRLY ADJUSTED NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS $0.17 PER SHARE * TERANGA GOLD ...more  
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