TSX : TGZ $ 2.77 +0.01 +0.36% Volume: 378,023 December 15, 2017
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teranga

Teranga Gold is a Canadian-based multi-jurisdictional West African gold company focused on production and development as well as the exploration of more than 5,000 km2 of land situated on prospective gold belts.

About Teranga

An emerging mid-tier gold producer

 
Teranga means hospitality and friendliness in Wolof, the main local language of Senegal. The Company’s name reflects its actions and vision of becoming the benchmark for responsible gold mining in the country. 

Teranga owns and operates the Sabodala Gold mine, the only gold mine and mill in Senegal, West Africa.  Located approximately 650km southeast of Dakar, the capital of Senegal, Sabodala has been in operation since 2009. Teranga's mine license and regional land package are situated on the West African Birimian greenstone belt which straddles the border of Mali where approximately 52 million ounces of gold resources have been discovered to date.


As at December 31, 2015 Teranga’s total proven and probable open pit reserves were 2.6 million ounces of gold included in measured and indicated open pit resources of 4.4 million ounces of gold and inferred open pit mineral resources of 0.94 million ounces of gold. Teranga has an 13.5 year mine life based on current production and proven and probable reserves. 

Our Strategy

Increasing Long-term Sustainable Free Cash Flow

To increase long-term sustainable free cash flow, we have a three-pronged growth plan for our operations in Senegal, which focuses on achieving: (i) reserve growth; (ii) production growth; and (iii) margin expansion. Ultimately we believe we can expand our operations beyond Senegal within West Africa where we can leverage our existing asset base, people, operating experience, social license and other aspects of our business.

Our Mission and Vision

Mission

Our mission is to create value for all of our stakeholders through responsible mining.

Vision

Our vision is to become a pre-eminent mid-tier gold producer in Senegal and greater West Africa.

 

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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