Teranga Gold Corporation is a Canada-based gold mining company focused on the identification, acquisition, exploration, development and operation of resource assets in West Africa. Established following the 2009 commissioning of its Sabodala mine in Senegal, Teranga has expanded its footprint across multiple jurisdictions to become a diversified producer with a robust pipeline of development and exploration projects. The company’s core business is the extraction and sale of gold bullion, complemented by ongoing evaluation of new precious metals targets in the broader region.
The company’s flagship operation is the Sabodala-Massawa complex in eastern Senegal, which comprises both open pit and underground mining components. Sabodala has been in commercial production since 2009 and has undergone a series of expansions and optimization studies to enhance throughput, lower operating costs and extend mine life. In 2017, Teranga bolstered its development portfolio with the acquisition of the Wahgnion gold project in southwestern Burkina Faso, advancing it through construction into full-scale underground and open pit production.
Teranga’s growth strategy has been supported by strategic mergers and partnerships. In 2017, the company completed the acquisition of Gryphon Minerals, which brought the Wahgnion project into its asset base. In 2019, Teranga entered into a merger agreement with Barrick Gold Corporation, providing access to additional technical expertise and financial resources while maintaining its operational autonomy. Throughout these transitions, Teranga has maintained a disciplined focus on capital allocation, operational excellence and exploration-led expansion.
Headquartered in Toronto, Ontario, Teranga is led by an experienced management team under the direction of President and Chief Executive Officer Richard Young. The company emphasizes sustainable and responsible mining practices, investing in community development, local procurement and environmental management across its areas of operation. With a pipeline of regional exploration opportunities and a commitment to operational optimization, Teranga continues to pursue long-term value creation for its stakeholders.
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