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TSX : TGZ $ 0.79 -0.03 -3.66% Volume: 516,639 April 15, 2014
GOLD $ 1,302.68 -24.25 -1.83% Volume: Pricing delayed 20 minutes April 15, 2014
AboutTeranga

Mission & Vision

MISSION
Teranga is a gold mining and exploration company based in Canada. The Company’s mission is to share the benefits of responsible mining with all our stakeholders. We strive to act as a responsible corporate citizen by building projects together with the communities near our operations and by committing to using best available techniques as we carry out our actions. We aim to achieve benefits for all parties involved, and to contribute to the sustainability and improved livelihoods for the communities in which we operate.

VISION

To become a pre-eminent gold producer in Senegal while setting the benchmark for responsible mining

  • PHASE 1: BECOME A PRE-EMINENT GOLD PRODUCER IN SENEGAL

    with 250,000 to 350,000 ounces of annual gold production leveraging off existing infrastructure
    • 2011 production of 131,000 ounces at cash costs of $782/oz
    • 2012 production of 214,000 ounces at cash costs of $627/oz
    • 2013 production of 207,204 ounces at cash costs of $641/oz and all-in sustaining cash costs of $1,033/oz
    • 2014 forecast production of 220,000-240,000 ounces, pending the timing of Gora production
    • 2015-2020 the Sabodala mill has design capacity to produce 275,000 - 300,000 ounces per year based on the combined P&P open pit reserves of TGZ and OJVG (based on TGZ and OJVG NI 43-101 reports) assuming a toll milling agreement is reached with the other OJVG partners
  • PHASE 2: INCREASE ANNUAL GOLD PRODUCTION

    to 400,000 to 500,000 ounces with a second mill expansion 

 


Teranga Management Signs Definitive Global Agreement with Government of Senegal, May 31, 2013

From left to right: Macoumba Diop - General & Government Relations Manager Teranga Gold; Macky Sall - President of Senegal; Alan Hill - Executive Chairman Teranga Gold; Richard Young - President & CEO Teranga Gold