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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 mining company. The Company is engaged in the production, sale and exploration of gold in Senegal, West Africa. The Company owns and operates a gold mine and mill, the Sabodala Gold mine, in Senegal, West Africa. The Company is focused on the exploration and development of Sabodala gold mine, which is located approximately 650 kilometers southeast of Dakar, the capital of Senegal. The Sabodala mine license covers an area of approximately 290 square kilometers. The Company's project includes approximately nine exploration permits, which cover an area of approximately 1,000 square kilometers. The Company's mine license and land package is located on a West African Birimian greenstone belt.
Financial Overview
For the nine months ended 30 September 2019, Teranga Gold Corp revenues increased 5% to $247.1M. Net loss totaled $20M vs. income of $22.4M. Revenues reflect Gold Stream Arrangement increase from $5.6M to $18M, Gold sales at spot price increase of 4% to $229M. Net loss reflects Unrealized gains on derivative instrumen increase from $12.5M (income) to $13.9M (expense), Realized gains on derivative instrument decrease of 97% to $104K (income).
Employees: 2,300 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $825.22M as of Sep 30, 2019
Annual revenue (TTM): $422.31M as of Sep 30, 2019
EBITDA (TTM): $148.89M as of Sep 30, 2019
Net annual income (TTM): -$40.05M as of Sep 30, 2019
Free cash flow (TTM): -$139.45M as of Sep 30, 2019
Net Debt Last Fiscal Year: $191.20M as of Sep 30, 2019
Shares outstanding: 107,586,769 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization