TSX : TGZ $ 0.66 +0.00 +0% Volume: 2,396,500 April 26, 2017
GOLD $ 1,266.93 -2.87 -0.23% Volume: April 27, 2017

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investors

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 Flows 

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 cost reduction
  • Advancing development of Banfora gold project with completed feasibility study expected mid-2017 and construction decision H2 2017
  • Seeking strategic combinations in West Africa  

SABODALA'S LIFE OF MINE

Attractive Base Case Cash Flows

  • $549M expected cumulative cash flow over life of mine plan(1)
  • Lower mining costs: less than $10M in sustaining capital required annually
  • Average annual production of +200K ounces from 2012 - 2024(2)

STRONG, LIQUID & FLEXIBLE 

Balance Sheet as at December 31, 2016

  • Cash balance of $95.2M
  • High-grade and low-grade ore stock piles reduce operating risk
  • $30M revolving credit facility with $15M drawn down

 HIGH POTENTIAL EXPLORATION

~$15M 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) Cumulative cash flow is the Life of Mine net cash flow based on the Company’s most recent NI 43-101 Technical Report (“43-101 plan”) filed in March 2016, before income taxes, interest, debt repayments, closure costs, dividends and working capital.
(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.

Downloads

Thumb Date Download
July 29, 2014 Corporate Fact Sheet 4.32 MB
July 28, 2014 2016 Annual Report 5.42 MB

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