TSX : TGZ $ 3.43 -0.01 -0.29% Volume: 186,726 July 21, 2017
GOLD $ 1,255.65 +10.16 +0.82% Volume: July 21, 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 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 completed feasibility study expected mid-2017 and a construction and financing  decision H2 2017
  • Seeking strategic combinations in West Africa  

SABODALA'S LIFE OF MINE

Attractive Base Case Cash Flows at Producing Asset

  • $549M expected cumulative cash flow over life of mine plan(1)
  • Average annual production of +200K ounces from 2012 - 2024(2)
  • 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 $94.5M (4)
  • $30M revolving credit facility with $15M drawn down
  • Capital to fund expansive exploration program and help finance Banfora gold project

 HIGH POTENTIAL EXPLORATION 

~$15M 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) 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.
(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 three-months ended March 31, 2017

Downloads

Thumb Date Download
May 2, 2017 2017 March Quarter Report 818 KB
July 28, 2014 2016 Annual Report 5.42 MB

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