CAPITAL MARKETS

Teranga halves profit

TERANGA Gold declared a 50% year-on-year plunge in consolidated profit for the June quarter as the miner ramped up production, with higher operating costs and lower gold prices received.

Justin Niessner
Teranga halves profit

Consolidated profit for the second quarter was $US7.2 million ($A8 million) compared to $14.4 million at the same time last year. The company attributed the decrease to lower gross profit and lower...

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