TSX : TGZ $ 3.73 +0.07 +1.91% Volume: 143,468 December 13, 2018
OTCQX: TGCDF $ 2.82 +0.07 +2.53% Volume: 6,350 December 13, 2018
GOLD $ 1,239.00 -3.80 -0.31% Volume: December 14, 2018

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teranga

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 6,400 km2 of land located on prospective gold belts.  

About Teranga

Building a Multi-asset Mid-tier Gold Producer

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 6,400 km2 of land located on prospective gold belts.  Since its initial public offering in 2010, Teranga has produced more than 1.5 million ounces of gold from its operations in Senegal, which as of June 30, 2018 had a reserve base of 2.5 million ounces of gold.  Focused on diversification and growth, the Company is advancing its Wahgnion Gold Project in Burkina Faso towards delivering its second producing gold mine, as well as carrying out exploration programs in three West African countries:  Burkina Faso, Côte d’Ivoire and Senegal.  The Company has 4.1 million ounces of gold reserves from its combined Sabodala Gold operations and Wahgnion Gold Project as of June 30, 2018.  Teranga applies a rigorous capital allocation framework for its investment decisions to execute on its growth strategy relying on a combination of cash on the balance sheet, free cash flow from operations and debt.

Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders.  Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first Senegalese Extractive Industries Transparency Initiative revenue report.

 

Our Strategy

Our strategy is to maximize shareholder value by increasing sustainable long-term free cash flow through diversification and growth while remaining fiscally conservative through the commodity cycle. To achieve our strategic objectives, we are focused on: (i) optimizing our flagship Sabodala operation; (ii) increasing production through the completion of Wahgnion on-time and on-budget; (iii) unlocking additional value in Burkina Faso, Senegal and Côte d’Ivoire through resource conversion drill programs and exploration; and (iv) maintaining financial flexibility to fund our future growth plans responsibly.

Our Mission and Vision

Mission

Our mission is to create value through responsible mining for all of our stakeholders by setting the benchmark for corporate social responsibility.

Vision

Our vision is to become a multi-jurisdictional West African gold producer with a portfolio of assets offering diversified production, strong operating margins and long-term sustainable free cash flows.

 

Our Core Values

Integrity

We are accountable for our actions and statements. Good ethics is good business.

Care

We care for our people, the assets entrusted to us, to our communities, and our environment.

Respect

Mutual trust and respect form the basis for all of our working relationships.

Collaboration

We respect diversity and encourage cooperation and teamwork.

Performance

Company performance is built on excellence in safety and efficiency.

Communication

We are committed to open, honest and transparent communication.

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