BUILDING A MULTI-ASSET MID-TIER GOLD PRODUCER
Teranga is a multi-jurisdictional gold company focused on production and development as well as the exploration of approximately 6,400 km2 of land located on prospective gold belts in West Africa.
Since its initial public offering in 2010, Teranga has produced more than 1.6Moz of gold from its flagship operation in Senegal. Focused on growth and diversification, the Company is building its second mine, Wahgnion, and is also conducting extensive exploration programs in three countries: Burkina Faso, Senegal and Côte d’Ivoire.
The Company has a total reserve base of more than 4.0Moz of gold from its Sabodala and Wahgnion operations as of June 30, 2018.
Following first pour at Wahgnion, expected in 2019, Teranga will have two operating mines in two jurisdictions. In addition, Teranga is looking ahead at the future of Golden Hill, its most advanced exploration project. After less than two years of drill results, Teranga issued an early-stage initial resource for the project in February 2019. The initial resource provides a solid base at good grade to build on with 415,000 ounces of indicated gold resources at 2.02 grams per tonne and 644,000 ounces of inferred gold resources at 1.68 grams per tonne. The Company’s goal is to move the project into the feasibility stage of development this year.
Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report. The Company’s responsibility report is prepared in accordance with its commitments under the United Nations Global Compact and in alignment with the Global Reporting Initiative guidelines. Teranga was awarded the 2017 Environmental and Social Responsibility Award from the Prospectors & Developers Association of Canada.
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* Information in profile correct as of January 2019