Last C$0.40 CAD
Change Today +0.01 / 2.56%
Volume 787.8K
TGZ On Other Exchanges
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As of 12:59 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

teranga gold corp (TGZ) Snapshot

Open
C$0.40
Previous Close
C$0.39
Day High
C$0.42
Day Low
C$0.40
52 Week High
02/18/14 - C$1.22
52 Week Low
11/5/14 - C$0.38
Market Cap
141.1M
Average Volume 10 Days
8.9M
EPS TTM
C$-0.04
Shares Outstanding
352.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TERANGA GOLD CORP (TGZ)

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teranga gold corp (TGZ) Details

Teranga Gold Corporation is engaged in the exploration, development, and production of gold mines in West Africa and Mauritius. The company owns the Sabodala gold mine located 650 kilometers southeast of the Dakar, Senegal. It also holds interests in 9 exploration licenses comprising approximately 1,055 square kilometers of a regional land package situated in Senegal. Teranga Gold Corporation was incorporated in 2010 and is based in Toronto, Canada.

Founded in 2010

teranga gold corp (TGZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$540.8K
Chief Financial Officer and Vice President
Total Annual Compensation: C$260.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: C$312.0K
Vice President of Sabodala Operations
Total Annual Compensation: C$358.8K
Compensation as of Fiscal Year 2013.

teranga gold corp (TGZ) Key Developments

Teranga Gold Corporation Announces Consolidated Unaudited Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter of 2014 and Full Year of 2015

Teranga Gold Corporation announced consolidated unaudited earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $56,711,000 compared with $50,564,000 for the same period a year ago. Profit attributable to shareholders was $2,422,000 or $0.01 per basic and diluted share compared with loss attributable to shareholders of $442,000 or $0.00 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $13,822,000 compared with $16,692,000 for the same period a year ago. Expenditures for property, plant and equipment was $1,472,000 compared with $2,391,000 for the same period a year ago. Expenditures for mine development was $3,780,000 compared with $14,738,000 for the same period a year ago. For the nine months, the company reported revenues of $184,035,000 compared with $239,625,000 for the same period a year ago. Loss attributable to shareholders was $5,639,000 or $0.02 per basic and diluted share compared with profit attributable to shareholders of $51,737,000 or $0.02 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $18,332,000 compared with $61,170,000 for the same period a year ago. Expenditures for property, plant and equipment was $2,755,000 compared with $13,531,000 for the same period a year ago. Expenditures for mine development was $12,053,000 compared with $51,691,000 for the same period a year ago. Gold production for the three months ended September 30, 2014 increased 32 percent to 48,598 ounces of gold compared to the same prior year period. Based on year to date production, and the deferral at Sabodala of approximately 10,300 ounces (87,000 tonnes at over 3.5 gpt) into 2015, the Company is lowering its 2014 annual production guidance by about 5,000 ounces to approximately 215,000 ounces. Total cash costs are now expected to average about $725 per ounce, and all-in sustaining costs are expected to average about $900 per ounce, both $25 per ounce higher than the top end of the original guidance ranges. The Company expects a strong fourth quarter with higher production of about 75,000 ounces and lower costs resulting from higher grades mined at Sabodala and from higher production from Masato. Optimization of the 2015 mine plan is expected to result in an improvement of $40 to $60 million compared to the technical report filed in the first quarter of the year. The optimization of the 2015 mine plan completed during the quarter is expected to improve 2015 cash flow by $40 to $60 million, which should allow to build up cash balances.

Teranga Gold Corporation to Report Q3, 2014 Results on Oct 30, 2014

Teranga Gold Corporation announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 30, 2014

Teranga Gold Corporation, Q3 2014 Earnings Call, Oct 31, 2014

Teranga Gold Corporation, Q3 2014 Earnings Call, Oct 31, 2014

 

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