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Turaco Gold Ltd ASX:TCG

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Dec 2025 to today

Commentary 2 comments

DateManagerActionSummary

30 Sep 2026Cadence CapitalHeldCadence Capital continues to hold Turaco Gold (ASX:TCG) as a core position and its top-performing stock for the September 2026 quarter. Cadence believes rising interest rates, driven partly by global government deficits and the inflationary effect of elevated government spending, provide a tailwind for gold holdings. Cadence notes Turaco Gold is advancing toward release of its Definitive Feasibility Study, a key step before first production, and the company is considered a potential takeover target for mid and large cap gold producers in the region.

Gold ExplorationMonthly Report, price recorded $0.84

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31 Dec 2025Cadence CapitalInitiatedCadence Capital continues to hold Turaco Gold Ltd because the company released positive drill results during December, with drilling at Woulo Woulo confirming the highly predictable nature of the deposit and drilling at the nearby Herman prospect returning high-grade gold intersections. Cadence Capital notes these results will positively impact the next Turaco resource update expected by end of the quarter, and that increased African gold M&A activity contributed to a 61% share price rise during the month.

Monthly Report, price recorded $0.84

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on TCG.

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About Turaco Gold Ltd

Materials, Metals and Mining

Turaco Gold (ASX:TCG), a gold developer in Côte d'Ivoire, rallied on drilling success and regional M&A. In December 2025, Cadence Capital reported Turaco released positive drill results during the month, which, together with increased African gold mergers and acquisitions activity, led to a 61% share price rise. Turaco Gold operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Cadence Capital. Founded in 2007 and headquartered in West Perth, Turaco Gold explores for and develops gold projects in West Africa, led by the Afema gold project in southeastern Côte d'Ivoire, which hosts a large and growing resource near the border with Ghana, and is advancing studies toward development, positioning it as a potential mid-tier producer and acquisition target as larger miners seek growth in West Africa.

Market cap: $881m
Price to earnings: Loss-making
Return on equity: -34.9%
Dividend yield: 0.0%
Price to book: 7.56x
52-week range: $0.40 to $0.94

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Turaco Gold Ltd (ASX:TCG)?

Fund managers including Cadence Capital have invested in Turaco Gold Ltd (ASX:TCG).

What opportunities or catalysts do fund managers highlight for Turaco Gold Ltd?

Cadence highlights positive drill results and rising African gold M&A activity, which drove a 61% share price gain.

What are the key risks to the Turaco Gold Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Turaco faces development, funding and sovereign risks in Côte d'Ivoire.

What does Turaco Gold Ltd (ASX:TCG) do?

Turaco Gold Ltd. is an Australian-based mineral exploration and development company founded in 2007. Headquartered in West Perth, it focuses on acquiring and developing precious metal projects. The company's diverse African portfolio includes the Afema Gold, Eburnea, Boundiali, Ferke Gold, Tongon North, Odienne, Oume Gold, and Molonou Gold projects. Turaco Gold Ltd. operates with a primary mandate to identify and advance prospective mineral interests.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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