Turaco Gold (TCG) H1 2026 earnings summary

Executive summary

• Advanced Afema Project in Côte d'Ivoire, completing a Pre-Feasibility Study (PFS) confirming a long-life, low-cost gold operation targeting 200,000oz/year over 10+ years.

• Declared maiden JORC Probable Ore Reserve of 1.91Moz and updated Mineral Resource Estimate (MRE) to 4.65Moz gold.

• Continued exploration and resource drilling, expanding tenure to over 1,600km² and enhancing community infrastructure.

Financial highlights

• Net loss after tax attributable to shareholders was $18.7M for H1 2026, compared to $8.9M loss in H1 2025.

• Cash position at 30 June 2026 was $51.0M, down from $68.1M at 31 December 2025.

• Total comprehensive loss for the period was $20.7M, up from $11.1M in H1 2025.

• Operating cash outflow was $17.7M, with investing activities contributing $0.7M net inflow.

Outlook and guidance

• Afema Definitive Feasibility Study (DFS) underway, targeted for completion in Q2 2027.

• Ongoing engineering, environmental, and permitting workstreams, with further resource growth and optimisation studies planned.