RBC Bullish TooWe expect a positive reaction from Teranga shares following the release of Q1/20 production, which is expected to range between 85-90 Koz, coming in above our estimate of 80 Koz. Additionally, the company noted that both Sabodala and Wahgnion continue to operate as expected with no confirmed cases of COVID-19 and outlined a number of precautionary measures being taken including restricted access to site, enhanced medical services, and build up of critical inventory. Overall, a solid start to the year for Teranga, and we believe investors will continue to focus on the integration of Massawa, which remains on track for first ore to the mill in Q3/20.