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Teranga Gold Corporation (TGCDF) has received the 2020 Sustainable Development Goals (SDG) Accelerators Award from Global Compact Network Canada. This recognition highlights Teranga's efforts in promoting a 'zero hunger' goal through its Livelihood Restoration Plan at the Wahgnion Mine in Burkina Faso. The six-year program, costing $18 million, aims to enhance local agricultural productivity and household incomes. Teranga's commitment to responsible mining emphasizes long-term benefits for communities, continuing its successful sustainability initiatives initiated in Senegal.
Teranga Gold Corporation will release its third quarter 2020 financial and operating results on November 10, 2020, at 6:00 a.m. ET, followed by a conference call at 8:30 a.m. ET. The call will discuss the Company’s performance and key highlights from the quarter. Interested parties can access the call via toll-free and international numbers or through a webcast available on Teranga’s website. Teranga is noted for its transition into a mid-tier gold producer in West Africa, integrating the Massawa project with its Sabodala mine, alongside its Wahgnion gold mine.
Teranga Gold Corporation (TGCDF) announced an updated mineral resource estimate for its Golden Hill project in Burkina Faso, indicating an indicated resource of 750,000 ounces and inferred resource of 670,000 ounces. The project, significant for Teranga's growth pipeline, shows high-grade oxide gold discoveries and ongoing exploration potential along a 32-kilometer trend. The company plans to submit a mine license application by year-end 2020, with $15 million allocated for resource expansion through 2021, aiming for a total of 2 to 3 million ounces in resources.
