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)
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)
Source: CPM Group Gold Yearbook 2020: 2020 estimated gold production
(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).