Tuesday, February 7, 2017

Teranga Gold Corp. - TGZ.t

Teranga Gold Corp. - TGZ.t operates the flagship Sabodala gold mine, which came into operation in 2009, and is located 650 kilometres southeast of the capital of Senegal, Dakar.



On January 29, 2017 the company released News

"Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ) (ASX:TGZ) is pleased to report its fourth quarter and year-end 2016 operating results

2016 Highlights
•Achieved record high production of 216,735 gold ounces, surpassing guidance of 200,000-215,000 gold ounces
•Achieved cost guidance as unit mining and processing costs hit record low
•Total cash costs(1) are expected to be within the mid-point of our 2016 guidance range of $600-$650 per ounce
•All-in sustaining costs(1) are expected to be within the mid-point of our 2016 guidance range of $900-$975 per ounce
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http://pennystockjournal.blogspot.com/2016/04/teranga-gold-corp-tgzt.html