financing
from the report:
In January 2018, the Company entered into additional forward gold sales contracts for a total of 56,500 ounces at a gold price of $1,350 per ounce
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Teranga executed a project finance mandate with a leading institution which will further fund the development of the Wahgnion Gold Project in Burkina Faso. In February 2018, technical due diligence was completed following site visits. Legal due diligence is ongoing and is expected to be completed in the coming weeks, after which Teranga anticipates receiving a commitment letter for a senior project debt facility (the “Facility”) for net new financing of $150 million.