Tanzanian Gold Corp
TSX:TNX
Gross Margin
Tanzanian Gold Corp
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Tanzanian Gold Corp
TSX:TNX
|
12.3B CAD |
44%
|
|
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD |
62%
|
|
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
387.5B Zac |
45%
|
|
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
154B Zac |
31%
|
|
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
527.6B CNY |
20%
|
|
| US |
|
Newmont Corporation
NYSE:NEM
|
73.6B USD |
54%
|
|
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
87.4B CAD |
66%
|
|
| AU |
G
|
Greatland Gold PLC
ASX:GGP
|
91.2B AUD |
34%
|
|
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
58.5B CAD |
65%
|
|
| CA |
|
Barrick Gold Corp
TSX:ABX
|
51.3B CAD |
41%
|
|
| RU |
|
Polyus PAO
MOEX:PLZL
|
2.7T RUB |
76%
|
Tanzanian Gold Corp
Glance View
Tanzanian Gold Corp. occupies a prominent position in the gold mining industry, strategically anchored in one of Africa’s most promising gold belts. The company's flagship asset, the Buckreef Gold Project, serves as the cornerstone of its operations. Nestled in the richly laden Lake Victoria Greenstone Belt in Tanzania, this site is a focal point for the company's endeavors to unlock substantial mineral resources. Tanzanian Gold Corp. employs advanced geological methods and a combination of open-pit and potential underground mining methods to extract gold. By investing in state-of-the-art technology and refining their extraction processes, the company efficiently transforms mineral potential into tangible output. This operational efficiency underscores their competitive edge, allowing them to maintain a sustainable production pipeline and align with international mining standards. The company’s revenue stream is intrinsically linked to its capacity to mine, refine, and sell gold. As the precious metal is extracted, it enters a refining process to ensure it meets market-grade quality before sale. Tanzanian Gold's expertise in navigating the fluctuating dynamics of the global commodities market ensures that it capitalizes on optimal selling conditions. Furthermore, the company's strategic alliances with local stakeholders and international investors have fortified its access to capital and expanded its exploratory reach within the region. This confluence of strategic resource management, coupled with market proficiency, positions Tanzanian Gold Corp. as a notable player in the gold mining sector, adept at leveraging both geological and economic factors to drive its profitability.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Tanzanian Gold Corp's most recent financial statements, the company has Gross Margin of 43.7%.
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