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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

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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