Turaco Gold Limited
Turaco Gold's Afema Gold Project has grown to a 4.65 Moz resource since acquisition in March 2024, with a June 2026 PFS outlining ~200,000 oz/year production over a 10.3-year mine life and a post-tax NPV of US$1.49B at US$3,000/oz gold.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Spent a decade in natural-resources investment banking at Investec, NM Rothschild & Sons, and Macquarie Bank before moving into operating roles. Founded and led Renaissance Minerals as Managing Director from 2009 until its acquisition by Emerald Resources in 2016, then ran Exore Resources for two years until its acquisition by Perseus Mining. Has served as Managing Director of Turaco Gold since 2020, and is also Non-Executive Chairman of Caspin Resources.
Non-Executive Chairman of Turaco Gold, also Non-Executive Chairman of Medallion Metals and an Independent Non-Executive Director of Northern Star Resources. Roughly 30 years of corporate advisory, project finance, and commodity risk management experience via senior roles at NM Rothschild & Sons, Investec Bank Australia, Commonwealth Bank, HSBC Precious Metals, and Optimum Capital. Has also previously chaired Exore Resources, Carbine Resources, Silver Lake (Integra), and Atherton Resources.
Non-Executive Director of Turaco Gold and concurrently Executive General Manager - Exploration at Resolute Mining. 30+ years exploring for gold and base metal deposits across Australia, PNG, Indonesia, and West Africa, including Chief Geologist roles at Straits Resources and Aeris Resources. His Turaco directorship is tied to his direct oversight of Resolute's Côte d'Ivoire projects, including the area covering Turaco's Afema Gold Project.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Endeavour Mining, a large West African gold producer, is a Turaco shareholder -- but it got the stock by selling Turaco the Afema project rather than by investing in the company. The November 2023 acquisition was paid with 46,500,000 escrowed shares plus US$1.5 million in cash to Endeavour Canada Holdings, a position reported at roughly 9% at announcement and diluted since to about 5% by later placements. That is vendor paper, which carries less information than a cash subscription. No dedicated resource fund is confirmed on the register, and no genuine on-market director purchase could be found.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
PFS (June 2026) recommends continuing resource growth in parallel with development studies — the resource base grew to 4.65 Moz even as the PFS was being finalized, so the study's own numbers likely understate the eventual mine plan. Cote d'Ivoire jurisdiction risk is a bigger swing factor here than the technical study itself.
The June 2026 PFS outlines a ~200,000 oz/year operation over a 10.3-year mine life, with a post-tax NPV of US$1.49 billion at US$3,000/oz gold — a large-scale project for a company this size, on a resource that has grown to 4.65 Moz since acquisition in March 2024. The jurisdiction (Cote d'Ivoire) carries real political/institutional risk relative to Australia or Canada, so the project economics need to be weighed against that country-level risk, not just the headline NPV.