TSX : TGZ $ 0.98 +0.00 +0% Volume: 679,706 January 23, 2017
GOLD $ 1,215.22 +5.72 +0.47% Volume: January 23, 2017

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investors

SIGNIFICANT
Growth Opportunities with Expansion into West Africa

SOLID
Balance Sheet &
Cash Position

LARGE
Long Life & Low Cost
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

Increasing Long-term Free Cash Flow

  • Focused on growing reserves, increasing production and expanding margins
  • Recently completed mill optimization expected to increase throughput up to 10% compared to levels prior to project launch in mid-2015 and reduce costs a minimum of 5%
  • Strategic combinations in Senegal and greater West Africa  

SABODALA'S UPDATED 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 September 30, 2016

  • Cash balance of $57.9M, a 30% increase since the start of the year
  • Low-grade ore stock pile represents valuable asset
  • $30M revolving credit facility with $15M drawn down

 HIGH POTENTIAL EXPLORATION

Focused on Encouraging Prospects

  • Strengthened team and increased budget for 2016 exploration
  • Since IPO in 2010, increased proven and probable reserves by 80% (net of 5-year production) through exploration and acquisition
  • Exploration programs underway in Senegal, Burkina Faso, and Cote d'Ivoire to increase the reserve base through resource conversion and new discoveries 

(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 2015 Annual Report 1.58 MB

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