Turaco Gold (TCG) Q3 2026 TU earnings summary

Executive summary

• September-quarter drilling extended mineralisation at Woulo Woulo, Asupiri-Adiopan and Begnopan, supporting potential growth beyond the 4.65Moz Afema MRE.

• The December 2026 MRE update is intended to support the DFS and an update to the 1.91Moz Probable Ore Reserve; DFS completion is expected in the June 2027 quarter.

Financial highlights

• Cash and cash equivalents were $47.354m at quarter end, down from $51.023m at the start of the quarter.

• Quarterly operating cash outflow was $7.044m, including $6.562m for exploration and evaluation; interest received was $0.600m.

• Cash proceeds of $3.218m were recorded from investment disposals; investing activities provided net cash of $3.141m for the quarter.

Outlook and guidance

• December-quarter priorities are the Afema MRE update, continued extension drilling, and DFS engineering, mine planning and metallurgical work.

• The resource update is expected to include growth at Woulo Woulo, Asupiri-Adiopan and Begnopan, plus a maiden Niamienlessa MRE.

• The updated resource is expected to underpin an improved PFS production profile of ~200,000oz annually over an initial 10-year mine life; DFS completion is expected in the June 2027 quarter.

• ESIA submission to Côte d'Ivoire authorities is expected in the coming weeks, followed by regulatory review and pursuit of formal environmental approval and remaining permits.