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Teranga Gold Achieves Strong 2016 Operating Performance

January 30, 2017 - releases
Teranga Gold Achieves Strong 2016 Operating Performance

Teranga Gold Corporation (TSX:TGZ) (ASX:TGZ) is pleased to report its fourth quarter and year-end 2016 operating results for Australian Securities Exchange purposes.

“We achieved record-breaking operational performance in 2016 and are entering 2017 with a strong balance sheet and a focused plan to deliver on our vision of becoming a diversified mid-tier West African gold producer,” stated Richard Young, President and Chief Executive Officer of Teranga. “In just one year, we have reduced the operating risk at Sabodala, multiplied our prospects for growth and increased our optionality with the acquisitions of Gryphon Minerals and a large prospective land package in Cte d’Ivoire. In 2017, our focus will be on proving the value of these new assets and fast tracking the completion of a feasibility study required to develop the Banfora gold project.” read more

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