Teranga Gold

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

Live financials

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of approximately 6,400 km2 of land located on prospective gold belts. Since its IPO in 2010, Teranga has produced more than 1.6 million ounces of gold at its Sabodala operation in Senegal. Focused on diversification and growth, the company is advancing construction of its second producing gold mine, Wahgnion, which is located in Burkina Faso, as well as carrying out exploration programs in three West African countries: Burkina Faso, Côte d’Ivoire and Senegal. The company had more than 4.0 million ounces of gold reserves as of June 30, 2018. Teranga applies a rigorous capital allocation framework for its investment decisions and is focused on funding future organic growth plans responsibly.

Management Profile

Richard Young –  President and 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 Singapore 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 2018 operating performance of its flagship Sabodala gold mine, the construction timeline of its second gold mine, Wahgnion, as well as discuss the initial resource estimate for its Golden Hill advanced exploration project.

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

22 Feb – 2018 Record Gold production, Strong Operational Performance and
Second Mine Well on Track for Q4 2019 First Pour and Ramp Up
21 Feb – Early-Stage Initial Resource for Golden Hill Including Indicated Resources of 415,000 Ounces at 2.02 g/t Au and Inferred Resources of 644,000 Ounces at 1.68 g/t Au
08 Jan – Delivers 245,230 Ounces in 2018, Exceeds Production Guidance and Achieves Third Consecutive Year of Record Production
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%

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

6 Month

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

12 Month

Achieve first gold pour and smooth commissioning at Teranga’s 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.