Today we review Tanzania Gold Corp. What is Tanzanian Gold Corp? How does it work? What do they offer to you (the investor)? Are there better alternatives out there? This are just a few of the questions we help you answer today!
Name of the company: Tanzania Royalty Exploration Corporation (Changed to Tanzania Gold Corp)
Official Website URL: https://www.tangoldcorp.com/
CEO: Jeffrey R. Duval
Products: Gold, Mining Stocks
Tanzania Royalty Exploration Corp (Tanzania Gold) has been conducting business for quite some time now. This review seeks to bring to your knowledge the exact activities that this company has been conducting and how it offers value to its shareholders. This we shall do by having a look at:
– What this company is about
– How it manages its operation
– The products it offers
– Whether it is a genuine company
– The investment opportunities this company offers
– The alternatives to the investment opportunities it offers
– The main pros and cons of Tanzania Royalty Exploration Corporation
What is Tanzania Gold Corp?
Tanzania Royalty Exploration Corporation exists as an exploration stage company that has its mining assets located outside the United States borders. It is a well-established mineral resources company that engages in the acquisition of interests in a variety of exploration as well as the properties of the natural resource.
It seeks to offer value through securing its position in the lucrative projects that offer future and potential development options.
Tanzania Royalty Exploration Corporation has managed to define its interest as being mostly in the gold exploration and production fields. The name of this company only shows that its activities are mainly based in Tanzania where it’s constantly exploring and developing gold mines.
How it works (operates)
As already put forward, Tanzania Royalty Exploration’s exploration and development activities are mainly conducted in Tanzania, Africa. It is mainly focused on a number of projects which are listed below:
– Buckreef Project
– Kigosi Project
– Lungunya Project Area
– Itetemia Property
– Luhala Property
– Kanegele Project
– Biharamulo Project
– Kongwa Project
– Manonga Project
– Nzega Project
– Ushirombo Project
– Nyanzaga Project
– Mwadui Project
– Tulawaka Project
– Kibara Project
– Kabanga Project
The activities that this company conducts in these mines are responsible for the annual revenue figures recorded at the end of every financial year.
Tanzania Royalty Exploration Corporation’s focus is usually on the exploration and extraction of gold products. Huge amounts of cash are channeled into these projects, where this company expects to reap financially as well as to supply sufficient quantities of gold to the market. With this company being very invested in the exploration of new mineral resources, it is generally expected that the amount of gold mined will increase with increased gold deposit discoveries.
Is it a genuine company?
This company is very legit. It has its physical offices in its headquarters in Toronto, where the main managerial tasks are overseen by the following professionals:
– Jeffrey R. Duval – CEO
– James E. Sinclair – Executive Chairman and President
– Marco Guidi – Chief Financial Officer
– Ulrich E. Rath- Independent Director
– William M. Harvey – Independent Director
– Rosalind Morrow- Director
– Norman Murray Betts- Independent Director
– Donna Moroney – Secretary
– Michael E. Martin- Head-Investor Relations
This company’s projects are based in Tanzania, where it is expected to uphold various development and exploration laws. It is quite impossible for this company to be in possession of the land in which the projects are ran, if it is running illegal activities. Most legal frameworks do not have provisions for criminals and fraudsters, which is more evidence that this company is 100% genuine.
Tanzania Gold Corp seeks to be of value to its shareholders by offering them stocks that they can buy and use to grow their financial value. These stocks are offered through the following exchanges:
– Toronto Stock Exchange-traded under the ticker TNX
– NYSE American – traded under the ticker TRX.
This company has a market cap of $117.084 Million (as of 6th October 2019). This value is expected to keep growing with time, and so are the prices of its stocks. A brief snapshot of the shares’ trends can be viewed on Yahoo Finance.
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Alternatives to Tanzania Gold Corp’s stocks
The best alternative to the stocks offered by this company is physical gold. More and more people are beginning to embrace physical gold investments owing to the properties, such as their capability to withstand rough patches in the economic trends. Precious metal 401(k) companies such as any on our top 5 list have managed to create systems that enable investors to track the growth of their physical gold while going on with their regular activities. One is only required to part with very affordable custodial fees to safeguard the gold investments, and for them to offer help during all transactions. With such a professional service provider in place, you can rest easy as the value of your investment gradually grows.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always wise (and recommended) to compare the positive sides against the negative ones to get a better overall view of something. As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Has may projects in its pipeline
– Focused on exploration
– Experiencing very fast growth
– It’s stock prices can plummet if there are major changes in the global economic scene.
Do You Own or represent Tanzania Gold Corp?
If you are a representative, or associate of Tanzania Gold Corp and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Tanzania Gold Corp pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Tanzanian Gold Corp to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com