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Teranga Gold Corporation T.TGZ

Metals & Mining Industrial Metals & Minerals
Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Teranga Gold Corporation > News Out Looks Awesome!!
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Post by newfie36on Jul 26, 2020 5:03pm
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Post# 31321313

News Out Looks Awesome!!

News Out Looks Awesome!!

Teranga Gold Announces Positive Pre-Feasibility Study Results for Top-Tier Sabodala-Massawa Gold Complex

JULY 26, 2020
 

Sabodala-Massawa

Figure 1
  Map of Sabodala-Massawa

 
  • First 5-year average annual production of 384,000 ounces at all-in sustaining costs of $671/oz(1)(2)
  • First 5-year average net cash flow of $215 million per year at $1,600/oz gold*
  • First 5-year total net cash flow of $1.1 billion at $1,600/oz gold*
  • Proven and probable reserves increase 120% to 4.8 million ounces at $1,250/oz gold
  • Mining activities at Massawa now underway
  • $10-million exploration and drill program is ongoing at Massawa

Company-Wide

  • Proven and probable reserves increase by 70% to 6.4 million ounces of gold
  • Average annual gold production expected to increase by 40% to ~500,000 ounces(3)

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