This morning we return to Senegal-focused Teranga Gold Corp. which we featured on Dec. 21 of last year. The share price has more than doubled on the back of improving investor sentiment towards the precious metals group and news the company had reduced all-in sustaining costs to $850 (U.S.) per ounce of gold sold in the fourth quarter. Despite the rally, we continue to come across some insider buying. On Feb. 25, director Edward Goldenberg acquired 50,000 shares on a direct ownership basis at prices ranging from $1.13 (Cdn) and $1.14.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
Follow Ted Dixon, CFA on Twitter: