TGZ 0.00% $3.30 teranga gold corporation

Ann: Quarterly Activities Report , page-6

  1. 8,972 Posts.
    lightbulb Created with Sketch. 202
    Hi Beachman

    The 'effect' of the capitalised stripping costs was around $170 per oz.

    So total cash costs (excluding D & A etc) as we normally would see them, ie C1 costs, came to a little over $700 per oz.

    This was taken from the quarterly results webcast (someone asked the question at the end thankfully).

    Interestingly, they also commented that cash balance at end of year would be roughly equivalent to cash balance at end of March quarter.

    This would be a great result imo given the about of capital expenditure they are committing to (even after reductions), for example development at Gora, acquisition of three new trucks, etc plus other expenditures such as general admin, exploration and so on.

    For those that haven't listened to the webcast, it's worth it:

    http://www.terangagold.com/English/Investors/Presentations-and-Webcasts/default.aspx#webcasts

    Cdchi1
 
watchlist Created with Sketch. Add TGZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.