Teranga Gold Corp. (OTC: TGCDF) (TSX: TGZ) updated 11-13-2020
Market Cap: $1.76 B Share Price: $10.50
Shares outstanding: 167,533,615
Cash: $57.3 M & Gold bullion $39.2 Million as of 30 Sept 2020
Debt: $400.7 M as of 30 Sept 2020
Current operations: Yes. Two gold mines (Senegal and Côte d’Ivoire, West Africa)
Insiders: Approx. 33% Institutional: 100 hold between 41-62% of the float
Website: terangagold.com
https://s2.q4cdn.com/949220588/files/doc_financials/2020/q3/11-10-20-Q3-Results-Webcast-FINAL.pdf
CEO: Richard Young HQs: Toronto, Canada
Q3 highlights:
- Teranga Gold had a record-breaking quarter
- Gold production of 104,773 oz
- AISC stated at $889 (Q2) and $989 YTD 2020
- Gross profit $77 Million
- Non-GAAP EPS of $0.23; GAAP EPS of $0.05 on revenue of $192.6M
- Revenue increased by 169% Y/Y
- Cash from operations $74.4 MIllion. Free cash flow $37.2 Million
2020 Guidance: 375,000-400,000 oz Au
Film producer David Mimran is the largest shareholder
Bottom line:
- As of 10 Nov 2020, this West African gold producer is in discussions with Endeavour Mining (another West Africa Goldminer) regarding a potential merger
- A Raymond James Strong Buy
- No position. Personally do not care for the website and presentation
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