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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.65
TRX's Cash-to-Debt is ranked lower than
68% of the 1550 Companies
in the Global Gold industry.

( Industry Median: 40.27 vs. TRX: 0.65 )
Ranked among companies with meaningful Cash-to-Debt only.
TRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 20.19 Max: No Debt
Current: 0.65
Piotroski F-Score: 3
Altman Z-Score: 1.48
WACC vs ROIC
30.67%
-10.28%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
ROE % -25.11
TRX's ROE % is ranked lower than
67% of the 1389 Companies
in the Global Gold industry.

( Industry Median: -8.25 vs. TRX: -25.11 )
Ranked among companies with meaningful ROE % only.
TRX' s ROE % Range Over the Past 10 Years
Min: -32.24  Med: -16.14 Max: -3.95
Current: -25.11
-32.24
-3.95
ROA % -19.30
TRX's ROA % is ranked lower than
63% of the 1576 Companies
in the Global Gold industry.

( Industry Median: -8.06 vs. TRX: -19.30 )
Ranked among companies with meaningful ROA % only.
TRX' s ROA % Range Over the Past 10 Years
Min: -24.53  Med: -14.86 Max: -3.56
Current: -19.3
-24.53
-3.56
ROC (Joel Greenblatt) % -17.86
TRX's ROC (Joel Greenblatt) % is ranked lower than
55% of the 1493 Companies
in the Global Gold industry.

( Industry Median: -12.15 vs. TRX: -17.86 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TRX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.63  Med: -14.8 Max: -4.92
Current: -17.86
-22.63
-4.92
3-Year EBITDA Growth Rate 51.10
TRX's 3-Year EBITDA Growth Rate is ranked higher than
93% of the 1154 Companies
in the Global Gold industry.

( Industry Median: -14.90 vs. TRX: 51.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TRX' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -23  Med: -0.4 Max: 51.1
Current: 51.1
-23
51.1
3-Year EPS without NRI Growth Rate 58.70
TRX's 3-Year EPS without NRI Growth Rate is ranked higher than
93% of the 1033 Companies
in the Global Gold industry.

( Industry Median: -20.60 vs. TRX: 58.70 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TRX' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -45  Med: 0 Max: 58.7
Current: 58.7
-45
58.7
GuruFocus has detected 3 Warning Signs with Tanzanian Royalty Exploration Corp $TRX.
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» TRX's 30-Y Financials

Financials (Next Earnings Date: 2017-07-20 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Metals & Mining » Gold    NAICS: 212221    SIC: 611
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Traded in other countries:TNX.Canada, TRG.Germany,
Headquarter Location:Canada
Tanzanian Royalty Exploration Corp is a mineral resource company with exploration stage properties, which engages in the acquisition of interests in & the exploration of natural resource properties & the development of those properties where warranted.

Tanzanian Royalty Exploration Corporation was incorporated in the Province of Alberta on July 5, 1990. The name was changed to Tan Range Exploration Corporation on August 13, 1991. The name of the Company was again changed to 'Tanzanian Royalty Exploration Corporation' on February 28, 2006. The Company is a mineral resource company, which is engaged in the acquisition of interests in and the exploration of natural resource properties. Its general area of interest has been in the exploration of gold properties, with main focus on exploring for gold properties in Tanzania. Its main exploration properties are currently all located in the United Republic of Tanzania, Africa. The Company holds mineral properties in Tanzania's Lake Victoria Greenstone belt and Kabanga/Kagera Nickel Belt regions. The Company's funds its activities by way of the sale and issuance of its securities to accredited investors. It also obtains operating funds through sales of and options to sell its mineral property interests to other parties, retaining a royalty interest. Its mineral interests in Tanzania are initially held under prospecting licenses granted to the Mining Act, 1998 'Tanzania' for a period of up to three years, and are renewable two times for a period of up to two years each. Its competitors include well-capitalized mining companies, independent mining companies. Its operations are subject to existing laws and regulations relating to exploration and development, permitting procedures, safety precautions, property reclamation, employee health and safety, air quality standards, pollution and other environmental protection controls.

Top Ranked Articles about Tanzanian Royalty Exploration Corp

Tanzanian Royalty Exploration Corporation Report - Mining License Renewal at the Buckreef Project for a period of 10 years

TORONTO, ONTARIO--(Marketwired - Oct 18, 2016) - Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the "Company") is providing the following report with respect to the Mining License Renewal for the Buckreef Project for a renewal period of 10 years. James E. Sinclair, Chief Executive Officer of the Company stated, "We are pleased to announce the renewal of the mining license for our Buckreef Project duly authorized on October 7, 2016 by Ally B. Samaje, Commissioner for Minerals. The license renewal for the ten year term exceeds the normally expected term periods granted by industry standards. It is also significant to note that the company's license was renewed now, when the renewal was not technically due until June 2017. Sinclair continued, "The mining license renewals are significant for many important and gratifying reasons. Specifically, license renewals and their term of years represent the anticipated viability of our mine. This renewal period clearly indicates that the Ministry of Energy and Minerals expects the Buckreef Project to be a viable producer well into the future. The Mining License grant of mineral rights is for Non-Superficial Deposits. The Mining License and ten year term was approved on the basis of outstanding drill results as detailed below along with many others that form the supporting documentation for the upgraded resource estimate compiled by Venmyn Deloitte found in the Company's 43-101 dated February 24, 2014, "Tanzanian Royalty Reports Significant New Intersection of High Grade Gold Mineralization at Eastern Porphyry Prospect, intersects 11m @ 9.82g/t Au, including 3m @ 28.53g/t Au", stating: Tanzanian Royalty Exploration Corporation is pleased to report that diamond drilling at Eastern Porphyry prospect at the Buckreef Gold Project in Tanzania has recorded a significant new intersection of gold mineralization in drill hole BMDD202. This drill hole intersected four new mineralization zones on the target area. The best intercept from that hole includes 12.22m @ 6.20g/t Au from 99.78m, including 2m @ 31.75g/t Au; 6m @ 1.46g/t Au from 103m; 3m @ 6.74g/t Au from 165m, including 2m @ 9.67g/t Au and 11m @ 9.82g/t Au from 186m, including 3m @ 28.53g/t Au. The Eastern Porphyry target is located approximately 800m east of Buckreef Main Zone. Gold mineralizations at Eastern Porphyry occur in a sequence of fine grained basalts to medium grained dolerites. This mafic package has been intruded by a series of porphyritic felsic dykes. The dykes are typically pink in colour and possess both quartz and feldspar phenocrysts phases in a fine-grained ground mass. The target area has been partially drilled and drilling continues at this zone. The intersection reported here is a core down - holes length and may not represent true width but the true width is estimated to be 50 - 60%. "The latest assays indicating the discovery of additional gold mineralized veins at the Eastern Porphyry system continue to reinforce our belief that the prospect has significantly more potential as we continue to discover high grade gold mineralized vein systems near surface and at depth. Not only are the grades at the vein system significant but their NE-SW orientation is new, opening up the potential for other veins of similar strike," said the COO "The Eastern Porphyry vein system is one of the potentially significant discoveries made this year in terms of gold grade, intercept width, strike length and the potential for extensions with further drilling". Regarding the noted deposits Sinclair continued, "In order to visualize and understand our gold deposits, imagine an ice cream cone with a conical cone shape. It is largest at the top where the scoop of ice cream is located and has a decreasing radius from there to the base of the cone. This is the shape of most gold mines. If you turn this ice cream cone image upside down, where the ice cream scoop is at the bottom and the cone is at the top, you will have the image (of the shape only) of our Buckreef gold deposit. This was discovered through deep drilling results referenced in the above report of February 24, 2014. This means, the deeper we mine the greater the widths of gold enrichment." "Other important matters indicated by this important and lengthy license renewal, reveals our strong and positive working relationship with STAMICO, the agent of the government of the United Republic of Tanzania. The Company has a close working relationship with Zena Kongoi Ag. Director of Mining & Engineering Services. This is also indicative of their commitment to the Company, for a long and positive relationship between the government and the Company. Importantly, the renewals represent the government's acknowledgement and approval for the Company's Gravity module in place for the CIL combination the Company is very enthusiastic about. Significant confidence is revealed in this ten year mining license renewal for our future successful and profitable operations on the road ahead." Sinclair concluded. Mr. Peter Zizhou, the Company's Acting General Manager, is a Qualified Person as defined by NI 43-101. Mr.Zizhou has reviewed the technical content of this press release and approved its dissemination. Further information can be found in the Company's National Instruction 43-101 reports, which can be viewed, together with other reports and updates on its homepage at: www.tanzanianroyalty.com ABOUT TANZANIAN ROYALTY EXPLORATION CORPORATION: Tanzanian Royalty Exploration Corporation is a mineral resource company, which engages in the acquisition, exploration and extraction of natural resources on properties in Tanzania, Africa. The company after successfully exploring for Gold has Identified three development projects, Buckreef, Kigosi, and Itetemia. In early 2016 in conjunction with our first gold pour Tanzanian Royalty Exploration was deemed a commercial producer by the Tanzanian Government. It's currently focused on its Buckreef Gold Project located in north central Tanzania. The Toronto Stock Exchange and NYSE AmexEquities have not reviewed and do not accept responsibility for the adequacy or accuracy of this release Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "reserves", "resources", "geologic resources", "proven", "probable", "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosures in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml. This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities. Certain information presented in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.





Investor Relations
Michael Porter
Porter, LeVay & Rose
212-564-4700
[email protected]




Read more...
Tanzanian Royalty Completes Second Tranche of $5 Million Financing for Mining Development

TORONTO, ONTARIO--(Marketwired - Sep 27, 2016) - Tanzanian Royalty Exploration Corporation (TSX:TNX)(NYSE MKT:TRX) (the "Company") is pleased to announce that it has closed the second tranche of a $5 million private placement of securities with Crede CG III, Ltd, a wholly-owned subsidiary of Crede Capital Group, LLC, a long-only family office that invests in emerging growth companies. Funds will be used by the Company's to expand its production team necessary to bolster development of the Company's Buckreef gold mine in Tanzania. In the second round of the financing, which closed yesterday, the Company privately placed convertible notes and warrants for US$3.75 million. On September 1, 2016, the Company placed common stock and warrants for US$1.25 million. Mr. James E. Sinclair, CEO of the Company, stated: "This financing is the next important step in our ability to mine the Buckreef region of Tanzania. As with the first round, the Company will use the additional funds to add the people necessary to operate Gravity CIL production circuit for our Buckreef mine." The convertible notes were issued in the principal amount of US$3.75 million, carried a coupon of 2.0% and matured on September 26, 2046. The Company immediately exercised its right to cause the conversion of the convertible notes, resulting in the cancellation of the notes and the issuance of 5,357,143 shares of common stock to the investor. The investor also received five-year warrants to purchase 4,017,857 shares of common stock at an exercise price of US$1.10 per share. The closing of the second tranche of the financing was conditioned upon a valid registration statement for the common stock issued or issuable to the investor upon exercise of warrants being declared effective by the U.S. Securities and Exchange Commission. The Commission declared the Company's Form F-3 Registration Statement registering the stock effective on September 23, 2016. In the first tranche of the financing, which closed on September 1, 2016, investor was issued 1,840,400 shares of common stock and 5-year warrants to purchase 1,840,000 shares at a exercise price of US$0.8291 per share. Wellington Shields & Co. acted as placement agent in connection with the financing. The Toronto Stock Exchange and NYSE MKT have not reviewed and do not accept responsibility for the adequacy or accuracy of this release Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as "reserves", "resources", "geologic resources", "proven", "probable", "measured", "indicated", or "inferred" which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosures in our SEC filings. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml. This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities. Certain information presented in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.





Tanzanian Royalty Exploration Corporation
Investor Relations
1-844-364-1830
[email protected]
www.TanzanianRoyalty.com




Read more...

Ratios

vs
industry
vs
history
PB Ratio 1.62
TRX's PB Ratio is ranked higher than
54% of the 1382 Companies
in the Global Gold industry.

( Industry Median: 1.89 vs. TRX: 1.62 )
Ranked among companies with meaningful PB Ratio only.
TRX' s PB Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 7.7
Current: 1.62
0
7.7
Current Ratio 0.49
TRX's Current Ratio is ranked lower than
82% of the 1547 Companies
in the Global Gold industry.

( Industry Median: 2.11 vs. TRX: 0.49 )
Ranked among companies with meaningful Current Ratio only.
TRX' s Current Ratio Range Over the Past 10 Years
Min: 0.08  Med: 6.09 Max: 47.36
Current: 0.49
0.08
47.36
Quick Ratio 0.41
TRX's Quick Ratio is ranked lower than
80% of the 1547 Companies
in the Global Gold industry.

( Industry Median: 1.70 vs. TRX: 0.41 )
Ranked among companies with meaningful Quick Ratio only.
TRX' s Quick Ratio Range Over the Past 10 Years
Min: 0.04  Med: 5.73 Max: 47.36
Current: 0.41
0.04
47.36

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.60
TRX's 3-Year Average Share Buyback Ratio is ranked higher than
81% of the 1164 Companies
in the Global Gold industry.

( Industry Median: -15.00 vs. TRX: -2.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TRX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -26.8  Med: -2.8 Max: -1.3
Current: -2.6
-26.8
-1.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.61
TRX's Price-to-Tangible-Book is ranked higher than
58% of the 1343 Companies
in the Global Gold industry.

( Industry Median: 2.09 vs. TRX: 1.61 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TRX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93  Med: 6.17 Max: 29.67
Current: 1.61
0.93
29.67
Earnings Yield (Greenblatt) % -12.00
TRX's Earnings Yield (Greenblatt) % is ranked lower than
71% of the 1570 Companies
in the Global Gold industry.

( Industry Median: -4.17 vs. TRX: -12.00 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TRX' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -33.76  Med: 0 Max: 0
Current: -12
-33.76
0

More Statistics

EPS (TTM) $ -0.07
Beta0.87
Short Percentage of Float3.45%
52-Week Range $0.40 - 1.49
Shares Outstanding (Mil)117.80
» More Articles for TRX

Headlines

Articles On GuruFocus.com
Tanzanian Royalty Exploration Corporation Report - Mining License Renewal at the Buckreef Project fo Oct 18 2016 
Tanzanian Royalty Completes Second Tranche of $5 Million Financing for Mining Development Sep 27 2016 
Tanzanian Royalty Exploration Corporation Report - Notification of Testing of the Completed Buckreef Jun 16 2016 
Tanzanian Royalty Exploration Corporation Report - Lifting Force Majeure Jun 09 2016 
Tanzanian Royalty Reports Annual General Meeting Voting Results Mar 21 2016 
Tanzanian Royalty Exploration Corporation Force Majeure-Where from here? Progress Report Mar 03 2016 
Tanzanian Royalty Exploration Corporation Announces Change to Board and Technical Committee Feb 16 2016 
Tanzanian Royalty Announces Change of Auditor Feb 15 2016 
Tanzanian Royalty Exploration Corporation Gratefully Acknowledges and Accepts the Resignation of Jos Feb 09 2016 
Tanzanian Royalty Exploration Corporation: Buckreef Gold Mine Pours Gold Feb 08 2016 

More From Other Websites
Feasibility Study Reveals 1.064 Million Ounces of Gold Available to Be Mined at the Buckreef Project May 04 2017
Tanzanian Royalty reports 2Q loss Apr 12 2017
Tanzanian Royalty Resources Update on Buckreef Development Project Mar 30 2017
Tanzanian Royalty Unaffected by Tanzanian Government ban on Export Shipments of Gold Concentrate Mar 27 2017
Tanzanian Royalty Announces Management Transition & Realignment to Best Serve Gold Mining Production... Mar 20 2017
Tanzanian Royalty Exploration Corporation Selects J. Streicher & Co. LLC as Its New Designated... Mar 08 2017
Tanzanian Royalty Reports Annual Meeting Voting Results Feb 21 2017
Tanzanian Royalty Exploration Corporation: A Current Review by the CEO, James E. Sinclair Dec 12 2016
Performance of Companies in the Metals and Mining Sector on August 22 Aug 22 2016
Tanzanian Royalty Exploration Corporation Report - Notification of Testing of the Completed Buckreef... Jun 16 2016
Tanzanian Royalty Exploration Corporation Report - Lifting Force Majeure Jun 09 2016
Tissue Regenix Group Plc :TRX-GB: Earnings Analysis: 2016 By the Numbers : May 26, 2016 May 26 2016
Tanzanian Royalty Reports Annual General Meeting Voting Results Mar 21 2016
Tanzanian Royalty Exploration Corporation Force Majeure-Where from here? Progress Report Mar 03 2016
Tanzanian Royalty Exploration Corporation Announces Change to Board and Technical Committee Feb 16 2016
Tanzanian Royalty Announces Change of Auditor Feb 15 2016

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