It just keeps growing – the hot ticket on the TSX gold front, even as giants like Barrick and Kinross post terrible numbers, is Teranga Gold (TSX:T.TGZ
, Stock Forum
), which jumped another 9% Thursday to continue a 128% surge since January 1, 2014.
The Toronto-based company with operations in Senegal, which hit the high end of its 2013 guidance
with 207k ounces produced, beat the low end of cost estimates with $641 per ounce, and gobbled up some property
neighbouring its Sabodala operation, is picking up a dedicated following as a steady stream of good news emerges.
This isn’t rare air for Teranga – in fact, its share price was consistently over $2 until the start of 2013, when it plummeted around 65% over a six month period.
“We are now well positioned and expect to see real value creation for our shareholders in the years ahead," said Richard Young, President and Chief Executive Officer, Teranga Gold, in a January news release