Member Company Profile

Teranga Gold

TGZ:CN|Last Price: USD 3.23|Market Cap: USD 346.65 M

USD 2.27        USD 3.56


Gold Price: $1,434.90|Silver Price: $16.35|Platinum Price: $852.00|Palladium Price: $1,532.00|Gold:Silver: 87.8


European Gold Forum 2019

  Webcast|Presentation: April 10, 2019, 1:20 PM (CEST)|Presenter: Richard Young, President & CEO


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Senegal


Last Updated: April 2, 2019

  Print Profile

IR Contact

Trish Moran
+1 (416) 594-0000
[email protected]
www.terangagold.com

Address

77 King Street West, Suite 2110
Toronto, ON M5K 1H1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Teranga Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

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Information is qualified - read footnotes

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of approximately 6,400 square kilometres of land located on prospective gold belts. Since its initial public offering 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 its second producing gold mine, Wahgnion, which is located in Burkina Faso, as well as carrying out extensive 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 to its investment decisions and is focused on responsibly funding future organic growth plans.

Steadfast in its commitment to set the benchmark for responsible mining, Teranga operates in accordance with the highest international standards and aims to act as a catalyst for sustainable economic, environmental, and community development as it strives to create value for all of its stakeholders.

Value Drivers
  • Long life of mine in Senegal; expected to produce more than 1Moz and generate US$230M in free cash flow in the 5-year period 2018 to 2022
  • With second mine coming on line in 2019, Teranga’s annualized production is anticipated to increase by more than 50% to between 300Koz and 350Koz starting in 2020
  • Significant exploration opportunities on prospective gold belts in one of the fastest growing gold production regions, with focus on the advanced exploration project, Golden Hill, in Burkina Faso

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Tablo Corporation
  • Van Eck Associates Corporation
  • Ruffer LLLP
Management
Chairman: Alan R. Hill, Chairman
President & CEO: Richard Young
CFO: Navin Dyal
COO: Paul Chawrun
General Counsel & Corporate Secretary: David Savarie
VP, Corporate Development: Leily Omoumi
VP, Exploration: David Mallo
Head of Investor Relations: Trish Moran
More Detail
Capital Structure
Common Shares Outstanding: 107,586,769
Float (%): 76.00
Warrants Outstanding: 2,000,000
Other Stock Units: 1,001,001
Options Outstanding: 6,500,000
Fully Diluted Shares: 117,087,770

IR Contact

Trish Moran
+1 (416) 594-0000
[email protected]
www.terangagold.com

Address

77 King Street West, Suite 2110
Toronto, ON M5K 1H1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Teranga Gold.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Safe Harbor Statement

Read



Notes

The 2019 full-year production forecast is the midpoint of Teranga's 2019 consolidated guidance range of 245,000 to 270,000 gold ounces.
Wahgnion’s Mineral Reserve and Mineral Resource estimates as per as at May 31, 2018. For more information regarding Wahgnion’s Mineral Reserves and Resources and related notes, please refer to the NI 43-101 compliant technical report for the Wahgnion Gold Operations dated October 31, 2018 available on the Company’s website at www.terangagold.com and SEDAR at www.sedar.com.
Sabodala’s Mineral Reserve and Mineral Resource estimates as at June 30, 2017. For more information regarding Sabodala’s Mineral Reserves and Resources and related notes, please refer to the NI 43-101 compliant technical report for the Sabodala Project dated August 30, 2017 accessible on the Company’s website at www.terangagold.com and on SEDAR at www.sedar.com.
Shares, restricted share units, and options outstanding are as at March 29, 2019.