Why Invest

Why Invest

Rapidly repositioning as a low-cost mid-tier gold producer in West Africa,
one of the fastest growing gold producing regions in the world.

Strong Growth Pipeline

Teranga has two low-cost long-life mines expected to generate significant cash flow and a robust pipeline of exploration projects with the potential to add further growth.

PRODUCTION & DEVELOPMENT

Sabodala-Massawa Complex (Senegal)

Production

Wahgnion Gold Mine
(Burkina Faso)

Advanced Exploration

Golden Hill Project
(Burkina Faso)

Early Exploration

Miminvest & Afema JVs
(Côte d’Ivoire)

Replacing Reserves

Exploration & Resource Conversion

Increasing Production, EBITDA, Earnings & Cash Flow

Investing in Our Growth

Teranga is a much different company than it was just five years ago. We have made several strategic investments towards our goal of achieving mid-tier status, which have yet to be fully reflected in our share price.

+165%

1-Year

+389%

3-Year

+397%

5-Year

Share Price Performance

(TSX:TGZ as of September 29, 2020 close)

Replacing Reserves

70% increase to reserves year-over-year with the potential to
convert additional resources to reserves through exploration upside and near-mine exploration targets at both operations.

Graph only includes years for which there was a reserve update.

Becoming a Low-Cost Mid-Tier Gold Producer

The integration of the recently acquired Massawa gold project is transforming Sabodala into a top-tier asset and accelerating Teranga’s repositioning as a low-cost mid-tier gold producer.

Portfolio of Assets Situated in Highly-Prolific West Africa

Focused on production, development and the exploration of approximately 5,850 km² of land located on prospective gold belts across West Africa, one of the fastest growing gold producing regions in the world.

Global Gold Production (2020 estimated)
Map Image
North America 17.1Moz
Central America 1.5Moz
South America 13.5Moz
West Africa 10.3Moz
Transitional Economies 6.7Moz
Europe 8.9Moz
Africa 20.7Moz
Asia 16.6Moz
Oceania 11.4Moz
Source: CPM Group Gold Yearbook 2020: 2020 estimated gold production

Well-Positioned to Mitigate Risk

Teranga is leading with a strong social license and proven West African operating expertise as it transitions into a multi-asset mid-tier gold producer.

Proven Expertise & Experience
  • Investing in countries, which are members of the West African Economic & Monetary Union and share similar mining codes and fiscal and legal frameworks
  • Leveraging extensive operating experience in West Africa
  • Delivering projects on time and on budget
Strong Social License
  • Growing with community and government support
  • Transparent stakeholder dialogue
  • Investing in training, literacy, food security and more

Unique Cornerstone Shareholder

Teranga's largest investor is Tablo Corporation, a company controlled by David Mimran. Mr. Mimran has in-depth local knowledge and a long family history of operating responsibly in West Africa as a large private sector employer in both Senegal and Côte d’Ivoire.

(1) The mineral reserve and resource estimates for the Sabodala-Massawa Project and Wahgnion Gold Operation are both as at December 31, 2019. For more information regarding Sabodala-Massawa’s mineral reserve and resource estimates and related notes, please refer to the press release dated and filed July 27, 2020. For more information regarding Wahgnion’s mineral reserve and resource estimates and related notes, please refer to management’s discussion and analysis for the year ended December 31, 2019 and filed on February 21, 2020. Both filings are available on the Company’s website at www.terangagold.com and on SEDAR at www.sedar.com.

(2) This production target is based on proven and probable minerals reserves for the Sabodala-Massawa Project and the Wahgnion Gold Operation as at December 31, 2019 as disclosed on the Company’s website at www.terangagold.com and on SEDAR at www.sedar.com. The estimated reserves underpinning this production target have been prepared by a competent and qualified person or persons (see Competent and Qualified Persons Statement in Management’s Discussion and Analysis for the three and six months ended June 30, 2020).