A look at third-quarter financial results from Teranga Gold and OceanaGold. Teranga Gold (TGZ:TSX) – Teranga is out with another profitable quarter from operations in Senegal, although the trend for profitability has been down. Net profit for the third quarter came in at US$1.56 million, down from $7.03 million in Q2 and $15.27 million in… Continue Reading
As the markets await the FOMC statement later today here are my top mining headlines of the day. Teranga Gold – (TGZ:TSX) – Teranga had a very solid first quarter earning a net profit of $15.27 million. Gold production came in at 48,643 ounces leading to a profit of 4 cents per share. Not bad… Continue Reading
A few more news releases that caught my eye today and some comments on each. Teranga Gold – (TGZ:TSX) – Teranga had positive news this morning that they have successfully received an environmental license for the high grade Gora satellite deposit. The deposit sits ~25 km from the current mill and construction on a road… Continue Reading
