Teranga Gold

Website: www.terangagold.com
Primary ticker: TSX:TGZ
Stage of development: Exploration, Production, Development
Primary minerals: Gold
Project to promote: Sabodala Gold Mine, Wahgnion Development Project, and Golden Hill Advanced Exploration Project

Live financials

Teranga is a West African gold company focused on production and development as well as the exploration of over 6,400 square kilometers of land located on prospective gold belts. Since its 2010 IPO, Teranga has produced over 1.5 million ounces of gold at its Sabodala operation in Senegal. Focused on diversification and growth, Teranga is building its second mine, Wahgnion, located in Burkina Faso, and carrying out extensive exploration programs in Burkina Faso, Côte d’Ivoire and Senegal. The Company has 4.3 million ounces of gold reserves from its combined Sabodala Gold operations and Wahgnion Gold Project as of May 31, 2018. Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and strives to create value for all of its stakeholders.

Management Profile

Richard Young – President & CEO

Richard Young is the President and Chief Executive Officer of Teranga Gold. In this role, Mr. Young culminates 25-years of extensive experience in the gold industry. A Chartered Professional Accountant, Mr. Young joined Barrick Gold Corporation (ABX-T) in 1991 and served in a series of positions of increasing responsibility in finance, corporate development, investor relations and mine development. Prior to joining Teranga in 2010, Mr. Young served as Vice President and Chief Financial Officer of Gabriel Resources Ltd. for five years. Mr. Young holds a Bachelor of Economics from the University of Western Ontario as well as a Graduate Diploma in Public Accountancy from McGill University.


What is your rationale for attending 121 Mining Investment?

Attending 121 Mining Investment Cape Town provides Teranga with the opportunity to discuss its clear path to achieving mid-tier producer status. It also provides Teranga with the opportunity to update investors on the operating performance of its Sabodala gold mine, the development of its Wahgnion gold project in Burkina Faso, as well as encouraging exploration results from its advanced exploration project – Golden Hill.


What recent news would you like to highlight to investors attending?

04 Dec – Drill Results Reveal More High-Grade Gold and Strong Correlation at Multiple Golden Hill Prospects
01 Nov – Reports Record Q3 and Year-to-Date Production; Company Raises 2018 Production Guidance to 235,000-240,000 Ounces
31 Oct – Files Technical Report for Wahgnion Gold Operations
02 Oct – Increases Ownership in Golden Hill and Gourma Projects to 100%
24 Sept – Increases Gold Reserves at Wahgnion by Almost 40%; Extends Mine Life to 13 Years and Improves First Five-Year Forecast
20 Sept – Golden Hill Drill Results Include More High-Grade Gold at Multiple Prospects
02 Aug – Reports Record Q2 and H1 Production, Raises 2018 Guidance


What are your key goals for the next 3, 6 and 12 months? 

3 Months:

The release of an initial resource for the Golden Hill advanced exploration project.

6 Months:

Ongoing exploration updates from the extensive exploration programs in Burkina Faso, Côte d’Ivoire and Senegal.

12 Months:

Achieve first gold pour at our second mine, Wahgnion.


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The challenge for any commodity company is managing costs and capital investment because commodity companies have no control over the gold sales price. Teranga is focused on improving productivity, reducing costs, and designing mine plans that concentrate on profitable production and free cash flow. On the capital investment side of the business, Teranga only invests in projects that generate strong rates of return.


In a sentence,what do you think makes your company such a compelling investment?

Teranga is both a value and a growth story with a clear path to becoming a mid-tier gold producer in West Africa within the next five years by simply advancing its existing pipeline of multi-stage assets.