Teranga gold corporation Review

About Teranga gold corporation

Teranga Gold Corporation: A Leading Gold Mining Company in West Africa

Teranga Gold Corporation is a Canadian-based gold mining company that operates in West Africa. The company was founded in 2010 and has since grown to become one of the leading gold producers in the region. Teranga's mission is to create value for all stakeholders by responsibly producing gold and delivering sustainable benefits to its employees, communities, and shareholders.

Teranga's flagship operation is the Sabodala Gold Mine, located in Senegal. The mine has been in operation since 2009 and has produced over 2 million ounces of gold to date. In addition to Sabodala, Teranga also owns and operates the Wahgnion Gold Mine in Burkina Faso, which began commercial production in November 2019.

Teranga's success can be attributed to its commitment to responsible mining practices and community engagement. The company places a strong emphasis on environmental stewardship, social responsibility, and ethical business practices. Teranga works closely with local communities to ensure that its operations have a positive impact on their lives.

In addition to its mining operations, Teranga also offers exploration services through its subsidiary, Golden Hill Exploration Corp. Golden Hill focuses on exploring for high-grade gold deposits throughout West Africa.

Teranga's commitment to sustainability extends beyond its mining operations. The company has implemented several initiatives aimed at reducing energy consumption and greenhouse gas emissions at its mines. These initiatives include using renewable energy sources such as solar power and implementing energy-efficient technologies.

As part of its efforts towards sustainability, Teranga also supports local economic development through job creation and procurement from local suppliers. The company employs over 1,400 people across its operations in Senegal and Burkina Faso.

In terms of financial performance, Teranga has consistently delivered strong results since going public on the Toronto Stock Exchange (TSX) in 2010. In 2020 alone, the company produced over 400,000 ounces of gold and generated over $600 million in revenue.

Teranga's success has not gone unnoticed. The company has received several awards and recognitions for its commitment to sustainability and responsible mining practices. In 2020, Teranga was named one of the Top 50 Most Responsible Companies in Canada by Maclean's magazine.

In conclusion, Teranga Gold Corporation is a leading gold mining company that operates in West Africa. The company's commitment to responsible mining practices, community engagement, and sustainability has helped it become one of the most successful gold producers in the region. With a strong focus on innovation and growth, Teranga is well-positioned to continue delivering value for all stakeholders for years to come.