TGZ 0.00% $3.30 teranga gold corporation

hedge book, page-6

  1. 5,510 Posts.
    lightbulb Created with Sketch. 328
    Further to my above calcs for cashflow. I shouldn't have assumed 55koz for this quarter. It's more likely to be 42koz. However, they had something like 13koz waiting to be milled at the end of the last quarter, so some of that may be added to this quarter's cashflow.

    The following quarters should see higher cashflow than my figures if production forecasts are correct. 210koz to 225koz for the year minus 85koz for the 1st 6 months = 125koz to 140koz for the 2nd half, so more than 60koz per quarter.

    About grades, I can see your point Loki, but grades should be increasing with depth as a lot of overburden has been removed.
 
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