Gold

Teranga Gold Corp. (TSX:TGZ,ASX:TGZ) released an update on its 2014 production performance and the progress it’s making on a number of near- and medium-term growth initiatives.

Teranga Gold Corp. (TSX:TGZ,ASX:TGZ) released an update on its 2014 production performance and the progress it’s making on a number of near- and medium-term growth initiatives.

The company is on track to meet its production guidance of 220,000 to 240,000 ounces of gold this year.

Further highlights include:

  • First ore mined from Masato on September 2nd
  • Drilling confirms high-grade mineralization in Masato
  • Gora development on schedule
  • Mill optimization expected to increase throughput 5 to 10%
  • Preliminary heap leach test results positive
  • 2015 cash flows expected to improve by $40 to $60 Million from Base Case
  • Strengthening balance sheet – expect to be debt free by year-end
  • Expect to generate free cash flow in 2015

Click here to read the full Teranga Gold Corp. (TSX:TGZ,ASX:TGZ) press release.

MARKETS

Markets
TSX19505.33-187.59
TSXV654.76+8.72
DOW32396.17-402.23
S&P 5004091.19-27.44
NASD12348.76-20.22
ASX6998.10+5.10

COMMODITIES

Commodities
Gold1767.78+11.44
Silver19.98+0.13
Copper3.50-0.02
Palladium2093.50+39.50
Platinum902.50+10.50
Oil94.03-0.39
Heating Oil3.39+0.01
Natural Gas7.72+0.01

DOWNLOAD FREE REPORTS

×