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Teranga holds exploration properties in three jurisdictions on more than 5,000km2 of land located on prospective gold belts in West Africa, one of the world’s fastest growing regions for gold production.
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The acquisition of Gryphon Minerals in 2016 provided the Teranga with three assets in Burkina Faso, including the fully permitted Banfora development project as well as two prospective exploration properties – Golden Hill and Gourma. Further, in 2016 the Company entered into an exploration agreement covering a large land package in Côte d’Ivoire. With the recent addition of these positions, multi-jurisdictional exploration is a key priority of Teranga’s diversification and scale strategy.
For 2017, the Company has committed to investing approximately $15 million in exploration activities over its most prospective properties. The majority of the exploration budget will be divided between Senegal and Burkina Faso, which have the most advanced prospects to date.
To view the company-wide Mineral Reserves and Resources summary as at June 30, 2017, click here.
