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TERANGA GOLD CORPORATION

ASX: TGZ

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Description

Teranga is a Canadian-based gold company which operates the only gold mine and mill in Senegal, West Africa.

The Sabodala gold mine, which came into operation in 2009, is located 650km southeast of the capital of Senegal, Dakar within the West African Birimian geological belt in Senegal where approximately 11 million ounces of gold resources have been discovered over the past six years, and lies about 90km from major gold mines in Mali.

As at December 31, 2013 following the transformational acquisition of the Oromin Joint Venture Group ("OJVG"), total proven and probable open pit reserves were 2.81 million ounces of gold included in measured and indicated open pit resources of 6.19 million ounces of gold and inferred open pit mineral resources of 2.64 million ounces of gold.

Beyond Sabodala, there are significant opportunities for organic growth through further exploration discoveries on its 246kmē Mine License and highly prospective 1,055kmē regional exploration package – located on an emerging gold belt.

Mine For

gold

Location of operation(s)

Senegal

Address

121 King Street West, Suite 2600
, TORONTO, CANADA

Phone

+1 416 594 0000

Email

Website


Last Updated

3/12/2014

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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