Ivory Coast counts votes in presidential election with 83-year-old incumbent predicted to win 4th term

This is a positive outcome for Turaco Gold and should hopefully one less thing to worry about, given what is happening in some other West African countries.

With the Ivory Coast presidential election concluding over the weekend and the incumbent, President Alassane Ouattara, predicted to secure a fourth term, now is a good time to bring together the key points for Turaco Gold. The political continuity in Abidjan reinforces the investment thesis for TCG for me at least as the company rapidly de-risks its path to production.

The election result solidifies the political stability that makes Côte d'Ivoire West Africa’s premier gold mining jurisdiction.

• Policy Continuity: President Ouattara has overseen a significant economic boom, with an $\text{~6\%}$ annual growth rate, and has been actively committed to making mining a key pillar of the national economy.

• Pro-Mining Sentiment: TCG’s own CEO, Justin Tremain, has stated there is "no better place in the world" to build a gold mine. TCG operates under a granted Mining Permit supported by a Mining Convention with the State.

• Factor to Watch: The Ivorian government did implement a two-point increase in the gold royalty tax in the 2025 Finance Act and is reviewing the mining code. However, the overall environment remains highly favourable for large-scale, long-term foreign investment.

The election news provides a stable backdrop for Turaco's incredible fundamental growth in 2025.

	Milestone/Metric	Detail	Implication for TCG
Resource Scale	The May 2025 JORC MRE grew to 3.55 Moz Gold (at 1.2g/t Au), an increase of $\text{>40\%}$ in just a few months.	Confirms Tier-One asset potential with resource scale required for a major long-life mine.
Upside Pipeline	Major new discoveries (Adiopan, Begnopan) and other drilled areas were NOT included in the 3.55 Moz MRE.	Strong confidence in significant further resource growth in late 2025 and 2026.
Development Pathway	A Pre-Feasibility Study (PFS) on a 5-6Mtpa operation is underway, with completion expected in H1 2026.	Provides a clear timeline to transition from explorer to developer. Analyst models project a ${~180-200 kozpa}$ operation.
Infrastructure	Project is well-located near a sealed highway and has access to the country's low-cost grid power (hydropower).	De-risks development and keeps the projected All-in Sustaining Costs (AISC) competitive.

TCG is rapidly moving from an exploration play to a developer, and the valuation currently suggests a significant discount to its peer group.

• Strong Cash Position: The company raised $60m in June 2025, providing a strong cash balance of $83M as of July 2025 to aggressively fund exploration and the PFS.

• Analyst Target Upside: Broker price targets initiated in 2025 range up to $1.29 a substantial premium to the current share price.

The combination of reinforced political stability, a massive and growing resource base, and a clear, well-funded path to production profile makes TCG an extremely compelling investment at this time.

Disclaimer: This post is for general discussion purposes only and is not financial advice. Please conduct your own research (DYOR) before making any investment decisions.

https://www.pbs.org/newshour/world/ivory-coast-counts-votes-in-presidential-election-with-83-year-old-incumbent-predicted-to-win-4th-term