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Teranga to build Banfora gold project in Burkina Faso



Teranga Gold (TSX: TGZ; ASX: TGZ) aims to build its Banfora project in Burkina Faso – which would become its second West African gold mine – with construction expected to start later this year.

Teranga currently operates its flagship Sabodala gold mine in Senegal, where its 2017 gold production is guiding at 205,000 to 225,000 oz., with all-in sustaining costs of US$1,000 to US$1,075 per oz. Last year, Sabodala produced a record 216,735 oz. at all-in sustaining costs of US$929 per oz., following mill improvements.

With a decent year anticipated from Sabodala, Teranga is dividing its efforts between Banfora and company-wide exploration.

Continue reading at The Northern Miner.


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