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Turaco Gold (TCG) investor relations material
Turaco Gold H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved rapid Mineral Resource growth at Afema Project, increasing MRE from 2.55Moz to 4.06Moz in October 2025 and to 4.65Moz in March 2026, reflecting aggressive exploration and drilling success.
Commenced Afema Pre-Feasibility Study (PFS), targeting completion in Q2 2026, with significant progress in metallurgical, geotechnical, and environmental workstreams.
Strengthened financial position through $60M institutional placement, $4M Share Purchase Plan, and $4.3M cash proceeds from divestments.
Divested non-core assets, including Eburnea and Boundiali projects, to focus on Afema.
Financial highlights
Net loss after tax attributable to shareholders was $23.3M for 2025, up from $12.5M in 2024, mainly due to increased exploration and evaluation expenses.
Net assets increased by $48.5M year-over-year to $103.5M.
Cash position at year-end was $68.1M, up from $32.9M in 2024.
Raised $63.7M in equity during the year.
Listed investments valued at $4.2M as of 31 December 2025.
Outlook and guidance
PFS for Afema Project expected in first half of 2026.
Continued aggressive exploration and drilling planned for 2026 to further grow resources.
Board will advance development opportunities at Afema.
- Afema acquisition, 2.52Moz gold resource, and $53M capital raise drive growth and exploration.TCG
H2 202431 Mar 2026 - Resource growth, strong funding, and rapid development position Afema for 2027 mining start.TCG
2025 Precious Metals Summit - Beaver Creek31 Dec 2025 - Afema Project MRE increased to 4.06Moz gold, with robust cash reserves and ongoing exploration.TCG
Q3 2025 TU21 Dec 2025 - 3.6 Moz resource achieved with rapid growth, robust funding, and major exploration upside.TCG
Diggers & Dealers Mining Forum 202523 Nov 2025 - Athena Gold Project targets rapid resource growth and development, aiming for early 2027 production.TCG
Noosa Mining Investor Conference16 Nov 2025 - Net loss widened but cash and assets surged as Afema Project resources and funding expanded.TCG
H1 202512 Sep 2025 - Afema resource up 40% to 3.55Moz, with robust cash and major exploration success.TCG
Q2 2025 TU30 Jul 2025 - 2.5Moz gold resource, aggressive drilling, and new discoveries drive strong growth prospects.TCG
Investor Presentation7 Jul 2025 - 2.52Moz gold resource, rapid growth, and aggressive exploration drive project momentum.TCG
Investor Presentation7 Jul 2025
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