Tag: TGZ

Teranga Gold plans to produce 215,000 ounces of gold in 2018

Teranga Gold plans to produce 215,000 ounces of gold in 2018

Teranga Gold (TGZ.TO) completed a successful 2017 wherein it produced just over 233,000 ounces of gold at its Sabodala project in Senegal. The higher gold price and good production results have increased the year-end cash position to $88M, which will allow the company to develop its next project; the Banfora […]

Teranga Gold is ‘pleased’ but should be ‘embarrassed’

Teranga Gold is ‘pleased’ but should be ‘embarrassed’

Teranga Gold (TGZ.TO, ASX:TGZ) has released the results of a definitive feasibility study on the Banfora gold project in Burkina Faso. Even though the mine life was based on a reserve estimate of 1.2 million ounces, the results were actually disappointing. Teranga might be ‘pleased’ with a ‘solid’ base case, […]