Tanzanian Gold Corp
TSX:TNX
Intrinsic Value
Tanzanian Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. [ Read More ]
The intrinsic value of one TNX stock under the Base Case scenario is 0.67 CAD. Compared to the current market price of 0.52 CAD, Tanzanian Gold Corp is Undervalued by 23%.
Valuation Backtest
Tanzanian Gold Corp
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Fundamental Analysis
Company Progresses with Strong Quarter, Mill Expansion
2024-Q1 Earnings Call
The company's quarter showed financial strength, selling nearly 4,900 ounces of gold, resulting in over $9 million in revenues and a high operating margin with gross profit just under $4 million. While the reported cash cost of over $1,000 an ounce exceeded the annual guidance range of $800 to $900, the balance sheet remained robust with over $8 million in cash. The new crushing circuit, crucial for milling process efficiency and set to increase recovery rates, is 65% complete. Looking ahead, they reiterate production guidance of 25,000-30,000 ounces with the mill expansion and cash cost guidance of $800 to $900 per ounce. The company is now self-funded and maintains a stock price that holds well against peers.
Balance Sheet Decomposition
Tanzanian Gold Corp
Current Assets | 17.2m |
Cash & Short-Term Investments | 8.3m |
Receivables | 2.1m |
Other Current Assets | 6.8m |
Non-Current Assets | 69.9m |
PP&E | 66.6m |
Other Non-Current Assets | 3.2m |
Current Liabilities | 19.1m |
Accounts Payable | 13m |
Other Current Liabilities | 6.2m |
Non-Current Liabilities | 14.5m |
Long-Term Debt | 27k |
Other Non-Current Liabilities | 14.4m |
Earnings Waterfall
Tanzanian Gold Corp
Revenue
|
38m
CAD
|
Cost of Revenue
|
-21.4m
CAD
|
Gross Profit
|
16.6m
CAD
|
Operating Expenses
|
-8m
CAD
|
Operating Income
|
8.6m
CAD
|
Other Expenses
|
-6.7m
CAD
|
Net Income
|
1.9m
CAD
|
Free Cash Flow Analysis
Tanzanian Gold Corp
What is Free Cash Flow?
TNX Profitability Score
Profitability Due Diligence
Tanzanian Gold Corp's profitability score is 37/100. The higher the profitability score, the more profitable the company is.
Score
Tanzanian Gold Corp's profitability score is 37/100. The higher the profitability score, the more profitable the company is.
TNX Solvency Score
Solvency Due Diligence
Tanzanian Gold Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.
Score
Tanzanian Gold Corp's solvency score is 62/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
TNX Price Targets Summary
Tanzanian Gold Corp
According to Wall Street analysts, the average 1-year price target for TNX is 1.97 CAD .
Shareholder Return
TNX Price
Tanzanian Gold Corp
Average Annual Return | -17.19% |
Standard Deviation of Annual Returns | 20.86% |
Max Drawdown | -99% |
Market Capitalization | 145.1m CAD |
Shares Outstanding | 279 091 008 |
Percentage of Shares Shorted | 0.01% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Tanzanian Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company is headquartered in Toronto, Ontario and currently employs 88 full-time employees. The company went IPO on 2001-10-29. The Company’s Buckreef Project is located in the Geita District of the Geita Region south of Lake Victoria, approximately 110 kilometers southwest of the city of Mwanza, Tanzania. The Buckreef Project comprises over five prospects, namely Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project itself encompasses over three mineralized zones, including Buckreef South, Buckreef Main and Buckreef North.
Contact
IPO
Employees
Officers
The intrinsic value of one TNX stock under the Base Case scenario is 0.67 CAD.
Compared to the current market price of 0.52 CAD, Tanzanian Gold Corp is Undervalued by 23%.