Cara Community GSM: Teranga Gold

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


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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