Today we look at Teranga Gold Corp., which is a gold-mining company that operates the Sabodala gold mine in Senegal. On July 28th, the company reported second-quarter production of 52,540 ounces of gold, up from 49,392 in the second quarter of 2015. All-in sustaining costs for the quarter were $968 (U.S.) an ounce sold. After the news, from August 4th to 8th, director David Mimran acquired a total of 1,561,300 common shares at an average price of $1.13. In addition, board chairman Alan Hill bought 225,000 common shares also at $1.13.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.