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Teranga Gold Corp (TGZ.TO)

TGZ.TO on Toronto Stock Exchange

7.19CAD
16 Jan 2020
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Latest Key Developments (Source: Significant Developments)

Teranga Gold To Acquire High-Grade Massawa Gold Project
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Teranga Gold Corp ::TERANGA GOLD TO ACQUIRE HIGH-GRADE MASSAWA GOLD PROJECT, ACCELERATES REPOSITIONING AS LOW-COST, MID-TIER PRODUCER.TERANGA GOLD CORP - TABLO IS INVESTING A FURTHER $45 MILLION WITH BARRICK GOLD DEAL TO RETAIN AN ABOUT 21.2% OWNERSHIP IN TERANGA.TERANGA GOLD - BARRICK TO BECOME CO'S SECOND LARGEST SHAREHOLDER POST COMPLETION OF DEAL.  Full Article

Barrick Reaches Agreement To Sell 90% Interest In The Massawa Project For Up To $430 Mln
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Barrick Gold Corp ::PRESS RELEASE - BARRICK REACHES AGREEMENT TO SELL 90% INTEREST IN THE MASSAWA PROJECT FOR UP TO $430 MILLION.BARRICK GOLD CORP - BARRICK WILL RECEIVE 92.5% OF TOTAL PURCHASE PRICE FOR ITS INTEREST IN MASSAWA PROJECT.BARRICK GOLD CORP - CONSIDERATION CONSISTS OF AN UP-FRONT PAYMENT OF $380 MILLION.BARRICK GOLD CORP - BARRICK WILL HAVE RIGHT TO NOMINATE ONE TERANGA DIRECTOR FOR AS LONG AS IT RETAINS AT LEAST A 10% EQUITY INTEREST IN TERANGA.BARRICK GOLD CORP - CO WILL BE ENTITLED TO CUSTOMARY ANTI-DILUTION AND PIGGYBACK REGISTRATION RIGHTS.BARRICK GOLD CORP - PROVIDING $25 MILLION OF $225 MILLION SYNDICATED DEBT FINANCING SECURED BY TERANGA IN CONNECTION WITH DEAL.BARRICK GOLD CORP - BARRICK IS ACQUIRING TERANGA SHARES FOR INVESTMENT PURPOSES.BARRICK GOLD - CO, SENEGALESE JV PARTNER HAVE REACHED AGREEMENT TO SELL THEIR AGGREGATE 90% INTEREST IN MASSAWA PROJECT IN SENEGAL TO TERANGA GOLD.BARRICK GOLD - ON PRO FORMA BASIS, CO WILL HOLD ABOUT 11.45% OF TERANGA'S ISSUED & OUTSTANDING SHARES ON DEAL CLOSING.BARRICK GOLD CORP - CONSIDERATION COMPRISES OF 20.7 MILLION TERANGA SHARES WITH VALUE OF $3.85 PER SHARE.  Full Article

Teranga Gold Corp - Company On Track To Meet Higher End Of 2019 Production Guidance And Lower End Of Cost Per Ounce Guidance
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Teranga Gold Corp ::TERANGA GOLD CORP - COMPANY ON TRACK TO MEET HIGHER END OF 2019 PRODUCTION GUIDANCE AND LOWER END OF COST PER OUNCE GUIDANCE.TERANGA GOLD CORP - QTRLY GOLD PRODUCED 61,975 OZ VERSUS 56,376 OZ.TERANGA GOLD CORP - QTRLY AVERAGE REALIZED GOLD PRICE $1,421/ OZ VERSUS $1,209/ OZ.  Full Article

Teranga Gold Delivers Solid Second Quarter Production And Costs On Track To Achieve 2019 Guidance
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Teranga Gold Corp ::TERANGA GOLD DELIVERS SOLID SECOND QUARTER PRODUCTION AND COSTS; ON TRACK TO ACHIEVE 2019 GUIDANCE.TERANGA GOLD CORP - Q2 GOLD PRODUCTION WAS 63,436 OUNCES, 3% LOWER THAN LAST YEAR'S RECORD Q2..TERANGA GOLD CORP - NET LOSS ATTRIBUTABLE TO SHAREHOLDERS WAS $7.6 MILLION ($0.07 LOSS PER SHARE) FOR Q2.TERANGA GOLD CORP - ADJUSTED NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $2.9 MILLION ($0.03 PER SHARE) FOR Q2.TERANGA GOLD CORP - TERANGA IS WELL POSITIONED TO CONTINUE TO INCREASE PRODUCTION AND CASH FLOW IN NEAR-TERM.  Full Article

Teranga Gold Achieves Record Quarterly Production And Lower AISC In Q1 Well-Positioned To Meet FY 2019 Production And Cost Guidance
Friday, 3 May 2019 

May 3 (Reuters) - Teranga Gold Corp ::TERANGA GOLD ACHIEVES RECORD QUARTERLY PRODUCTION AND LOWER AISC IN Q1; WELL-POSITIONED TO MEET FULL YEAR 2019 PRODUCTION AND COST GUIDANCE.TERANGA GOLD CORP - QUARTERLY GOLD PRODUCTION OF 71,946 OUNCES, AN INCREASE OF 12%.TERANGA GOLD CORP - COMPANY IS ON TRACK TO MEET FULL YEAR PRODUCTION AND COST GUIDANCE.TERANGA GOLD CORP QTRLY LOSS PER SHARE $0.03.TERANGA GOLD CORP QTRLY ADJUSTED. EARNINGS PER SHARE $0.2.TERANGA GOLD CORP QTRLY REVENUE $92.1 MILLION VERSUS $86.2 MILLION.TERANGA GOLD CORP - QTRLY NET INCOME AND ADJUSTED NET INCOME NEGATIVELY IMPACTED BY A PENDING TAX ASSESSMENT FOR $10 MILLION.TERANGA GOLD - CONSTRUCTION SCHEDULE FOR CO'S SECOND MINE, WAHGNION, LOCATED IN SOUTHWEST BURKINA FASO, IS ON TRACK.TERANGA GOLD - WAHGNION EXPECTED TO INCREASE CO'S CURRENT CONSOLIDATED ANNUAL GOLD PRODUCTION BY ABOUT 50%.  Full Article

Teranga Gold Corp - Q4 2018 Gold Production Totalled 59,442 Ounces
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Teranga Gold Corp ::TERANGA GOLD REPORTS Q4 AND FULL YEAR 2018 FINANCIAL AND OPERATING RESULTS.TERANGA GOLD REPORTS Q4 AND FULL YEAR 2018 FINANCIAL AND OPERATING RESULTS.Q4 2018 GOLD PRODUCTION TOTALLED 59,442 OUNCES.Q4 LOSS PER SHARE $0.10.QTRLY LOSS PER SHARE $0.10.Q4 ADJUSTED EARNINGS PER SHARE $0.01.SEES 2019 CONSOLIDATED GOLD PRODUCTION 245 KOZ-270 KOZ.SEES 2019 COST OF SALES $1,050 - $1,125 /OZ.SEES 2019 ALL-IN SUSTAINING COSTS $900 - $1,000 /OZ.QTRLY REVENUE $76.1 MILLION VERSUS $88.3 MILLION.  Full Article

Teranga Gold Reports Q3 2018 Results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Teranga Gold Corp ::TERANGA GOLD REPORTS RECORD Q3 AND YEAR-TO-DATE PRODUCTION; COMPANY RAISES 2018 PRODUCTION GUIDANCE TO 235,000-240,000 OUNCES.TERANGA GOLD CORP - Q3 GOLD PRODUCTION AT SABODALA OF 56,376 OUNCES.TERANGA GOLD CORP - ON TRACK TO ACHIEVE FULL YEAR 2018 PRODUCTION OF BETWEEN 235,000 AND 240,000 OUNCES.TERANGA GOLD CORP - QTRLY EARNINGS PER SHARE $0.07.TERANGA GOLD CORP - QTRLY ADJUSTED EARNINGS PER SHARE $0.01.TERANGA GOLD CORP - QTRLY REVENUE $64.2 MILLION VERSUS $61.0 MILLION.  Full Article

Teranga Gold Receives Commitment Letter For $165 Mln In Secured Debt Financing To Bring Its Second Gold Mine Into Production
Monday, 12 Mar 2018 

March 12 (Reuters) - Teranga Gold Corp ::TERANGA GOLD RECEIVES COMMITMENT LETTER FOR $165 MILLION IN SECURED DEBT FINANCING TO BRING ITS SECOND GOLD MINE INTO PRODUCTION.TERANGA GOLD CORP - ‍WAHGNION IS EXPECTED TO INCREASE ANNUALIZED GOLD PRODUCTION BY 50% TO BETWEEN 300,000 AND 350,000 OUNCES FOLLOWING FIRST POUR.TERANGA GOLD CORP - ‍SECURES ADDITIONAL $25 MILLION FOR FUTURE ADVANCEMENT OF GOLDEN HILL PROJECT TO FEASIBILITY STUDY​.TERANGA GOLD CORP - ‍$165 MILLION FINANCING TO BE USED TOWARDS FUNDING DEVELOPMENT OF WAHGNION GOLD PROJECT & TO REPAY CO'S CURRENT OUTSTANDING BANK DEBT​.  Full Article

Teranga Gold Corp Reports Qtrly EPS Of $0.05
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Teranga Gold Corp ::TERANGA GOLD REPORTS Q4 AND FULL YEAR 2017 RESULTS; STRONG ORGANIC GROWTH PIPELINE PROVIDES CLEAR PATH TOWARDS MID-TIER PRODUCTION STATUS.QTRLY EARNINGS PER SHARE $0.05.QTRLY ALL-IN SUSTAINING COSTS $938/OZ SOLD VERSUS $1,049/OZ SOLD.Q4 EARNINGS PER SHARE VIEW $0.17 -- THOMSON REUTERS I/B/E/S.  Full Article

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Barrick Gold to sell stake in Massawa project to Teranga for up to $430 million

Canadian gold miner Barrick Gold Corp moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million.