TSX : TGZ $ 2.69 +0.26 +10.7% Volume: 369,017 November 17, 2017
GOLD $ 1,294.26 +14.96 +1.17% Volume: November 17, 2017

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SIGNIFICANT
Growth Opportunities with Expansion into West Africa

SOLID
Balance Sheet &
Cash Position

PROFITABLE
Gold Production with Long Life
Reserve & Resource Base

WORLD-CLASS
Gold Belts in Mining-Friendly Jurisdictions

STRONG 
Life of Mine Cash Flow

CORNERSTONE INVESTOR
with Strong Ties to West Africa 

GROWTH STRATEGY

Building the Next Multi-Asset Mid-Tier West African Gold Producer

  • Focused on growing reserves, increasing production, and reducing costs
  • Advancing development of Banfora gold project with construction expected to commence in H2 2017
  • Seeking strategic combinations in West Africa  

SABODALA'S LIFE OF MINE

Attractive Base Case Cash Flows at Producing Asset

  • Sabodala’s gold production from 2018 to 2022 is expected to increase by 20% to a total of more than one million ounces (1) and generate $230 million in free cash flow (2), approximately two times the amount anticipated in the previous plan filed in early 2016
  • Opportunity to grow production  by increasing material movement, resource conversion, and new discoveries (3)

STRONG, LIQUID & FLEXIBLE 

Financial Strength to Support Further Growth

  • Cash balance of $73M (4)
  • $30M revolving credit facility with $15M drawn down
  • Capital to fund expansive exploration program and help finance Banfora gold project

 HIGH POTENTIAL EXPLORATION 

$20M-$25M Exploration Budget for 2017

  • Sabodala mine license of 291km² and greater regional land package of ~1,000km²
  • Banfora mine license and Golden Hill and Gourma exploration properties in Burkina Faso
  • Five exploration permits totaling ~1,800km² in Côte d’Ivoire

 

(1) This production guidance is based on existing proven and probable reserves only from the Sabodala mining license as disclosed in the NI 43-101 filed on www.sedar.com on August 30, 2017 and also accessible on the Company's website at www.terangagold.com.
(2) Production profile based on existing proven and probable reserves only from Sabodala mining license as disclosed in Teranga’s December Quarter and Year end 2015 Report accessible on the Company’s website.
(3) Over the past several years more than twelve million ounces of measured and indicated resources have been identified within the south eastern Senegal region, including the Massawa, Golouma, Makabingui and Mako projects, along with the Company’s own Sabodala gold mine. With exploration work completed to date and the prior exploration success seen in the area Management believes there is a reasonable basis to anticipate future resource to reserve conversion.
(4)  As at September 30, 2017.

Downloads

Thumb Date Download
November 16, 2017 Q3 2017 Report 887 KB
July 28, 2014 2016 Annual Report 5.42 MB

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