6 stories mentioning ASX:TCG
Every FINWIRES story that references ASX:TCG, newest first.
Turaco Gold (ASX:TCG) has an average rating of buy and mean price target of AU$1.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Turaco Gold (ASX:TCG) said T. Rowe Price Associates ceased to be a substantial holder in the company on May 18, according to a Thursday Australian bourse filing.The company's shares were up past 1% in recent Thursday trade.
Turaco Gold's (ASX:TCG) pre-feasibility study for its Afema gold project in Ivory Coast that is nearing completion and targeted for release in the June quarter will mark the company's transition from a high-growth exploration play to an emerging gold developer, Euroz Hartleys said in a note on Wednesday.The study is expected to highlight its potential as a tier‐1 standalone gold operation.The project appears well-positioned to support a strong reserve for the study, with a maiden reserve of over 2 million ounces considered achievable, leading to scope for production exceeding 200,000 ounces per year and average all-in sustaining costs of around $1,470 per ounce, Euroz Hartleys said. An initial 10-year mine life was modeled.The investment firm maintained its speculative buy recommendation and raised the price target to AU$1.85 from AU$1.60.Turaco Gold's shares fell 5% in recent Wednesday trade.
Turaco Gold's (ASX:TCG) latest drilling results continue to reinforce the Afema project in the Ivory Coast as a rapidly growing, district-scale West African gold project, with results supporting both resource conversion and ongoing mineral resource estimate growth, Euroz Hartleys said in a note on Tuesday.The Bergerie and Sikasso discoveries are particularly encouraging. Both prospects occur along interpreted strike extensions of known mineralised structures and remain open. Drilling results at Adiopan were consistent and down dip from previous drilling, extending mineralization at depth.The analysts modeled around $380 million in capital expenditure for an initial 10-year life of mine, ramping to 6 million tonnes-per-annum for steady-state production levels of over 200,000 ounces-per-annum, with average grades of around 1.3 grams per tonne of gold, recoveries at around 88% for lower than average costs of around $1,400 per ounce of all-in sustaining costs.The investment firm retained its speculative buy rating on Turaco Gold with a price target of AU$1.60 per share.
Turaco Gold (ASX:TCG) identified further mineralization from ongoing drilling at the Afema gold project in south-east Ivory Coast, according to a Tuesday Australian bourse filing.The results were up to 28 meters at 2.17 grams per tonne gold (g/t) from 91 meters, including 15 meters at 3.32 g/t gold from 104 meters.The company said the results are from resource extension and infill drilling on the Adiopan-Asupiri deposit, which hosts a current 1.32 million ounce mineral resource estimate (MRE) within the 4.65 million ounce Afema MRE.Shallow drilling at the Sikasso prospect returned 21 meters at 2.29 g/t gold from 66 meters, with mineralization at both Bergerie and Sikasso occurring from surface and remaining open with further drilling underway, the filing added.The Afema pre-feasibility study (PFS) is due in June, with five drill rigs currently operating with a focus on new discoveries, the company added.
Turaco Gold (ASX:TCG) said the mineral resource estimate for its Afema project in Côte d'Ivoire has increased to 4.65 million ounces of gold, adding 590,000 ounces since October 2025 for a roughly 15% rise, according to a Wednesday filing with the Australian bourse.The growth came alongside a 23% increase in indicated resources, which "significantly" improves resource confidence and supports the pre-feasibility study for the project, the company said.The mineral resource estimate comprises several deposits located within a roughly 10-kilometer project radius, including the 1.7 million-ounce Woulo Woulo deposit and the 1.32 million-ounce Asupiri deposit, per the filing."Importantly, all deposits within the Afema project remain open, highlighting strong potential for continued resource growth," Turaco Gold said.The company's shares gained 3% in recent Wednesday trade.