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Teranga Gold Corporation (T:TGZ)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 77 King St W Suite 2110
Tel: 1-416-5940000
IR: See website
Key People
Richard S. Young
President, Chief Executive Officer, Director
Navin Dyal
Chief Financial Officer
Paul Chawrun
Chief Operating Officer
David W. Mallo
Vice President - Exploration
Leily Omoumi
Vice President, Corporate Development
David Roger Savarie
General Counsel, Corporate Secretary
Business Overview
Teranga Gold Corp is a Canada-based gold producer. The Company is focused on operating mines and advancing exploration properties across West Africa. Its assets include Sabodala, Massawa, Wahgnion and Golden Hill. Its Sabodala Gold operations are located in southeast Senegal near Mali border 650 km east of Dakar and includes approximately 291 square kilometers (km) mine license. Wahgnion Gold Operations are located in southwest Burkina Faso 510 km southwest of Ouagadougou and includes approximately 89 square kilometer mine license. Its Golden Hill project is located in southwestern Burkina Faso within the Hounde Greenstone Bel and includes three exploration permits covering approximately 468 square kilometers in close proximity. Massawa project is an open-pit gold project in Africa.
Financial Overview
For the six months ended 30 June 2020, Teranga Gold Corp revenues increased 70% to $298.3M. Net income totaled $18.6M vs. loss of $10.3M. Revenues reflect Wahgnion(Formerly Banfora) segment increase from $0K to $155.4M. Net Income reflects Unrealized gains on derivative instrumen decrease from $10.4M (expense) to $10.1M (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.10 to $0.14.
Employees: 2,300 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2,579M as of Jun 30, 2020
Annual revenue (TTM): $633.21M as of Jun 30, 2020
EBITDA (TTM): $253.17M as of Jun 30, 2020
Net annual income (TTM): -$6.04M as of Jun 30, 2020
Free cash flow (TTM): -$41.43M as of Jun 30, 2020
Net Debt Last Fiscal Year: $414.57M as of Jun 30, 2020
Shares outstanding: 167,553,615 as of Jul 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization