About Us

Mission

Our mission is to create value through responsible mining for all of our stakeholders and create long-term sustainable benefits such that the communities and other stakeholders we impact are better off after we have left than before we arrived.

Vision

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

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.

Quick Facts: Teranga Gold

Headquarters
Toronto, Canada

Date of IPO
December 2010

Stock Trading Symbols
TSX: TGZ
OTCQX: TGCDF

Number of Employees (2019)
2,590

Total Production (IPO – 2019)
+2Moz

Mineral Reserves
3.7Moz Au

Land Package Area
5,850km2

  • Operating Mine
  • Exploration Project

Repositioning as a Low-Cost Mid-Tier Gold Producer

Teranga Gold is repositioning into a mid-tier gold producer operating long-life, low-cost mines and advancing prospective exploration properties across West Africa, one of the world’s fastest growing gold producing jurisdictions. Teranga applies a rigorous capital allocation framework for its investment decisions and is focused on funding future organic growth plans responsibly, while striving to create value for all of its stakeholders.

Sabodala Gold Operation: To Transform Into a Top-tier Gold Asset

Teranga has produced approximately two million ounces of gold from its flagship Sabodala operation, which is the largest commercial gold operation in Senegal. Work is currently underway to integrate the recently acquired high-grade Massawa gold project located adjacent to the mine. Once combined, Sabodala-Massawa is expected to transform into a top-tier gold asset accelerating Teranga’s repositioning as a low-cost mid-tier gold producer.

Wahgnion Gold Operation: Recently Commissioned Gold Mine in Burkina Faso

Focused on diversification and growth, Teranga recently advanced Wahgnion from exploration to production in less than three years, completing construction ahead of the original schedule and approximately $15 million below budget. Commercial production was declared effective November 1, 2019 followed by a strong first full quarter of commercial production.

Expansive Exploration Program in Three West African Countries

Teranga is focused on unlocking value by investing significant capital to explore prospective opportunities in Senegal, Burkina Faso, and Côte d’Ivoire. These include advanced to early-stage exploration projects and near-mine targets to support the continued growth of reserves, production and cash flow.

Leading with a Strong Social License

Through its continued success and commitment to responsible mining, Teranga operates in accordance with international standards and aims to act as a catalyst for sustainable social, economic, and environmental development. Teranga is a participant of the United Nations Global Compact and is evolving the way in which it reports on its sustainability performance in accordance with the Global Reporting Initiative and the World Gold Council’s Responsible Gold Mining Principles.