Taking a mine to production is not an easy feat. With depressed conditions in the mining sector in recent years, it has become especially challenging. So when a company announces it is preparing to construct a second mine, that’s big news.
That’s the news being reported last week by Teranga Gold Corporation (TSX: TGZ, OTCQB: TGCDF, ASX: TGZ, Forum). On September 7, 2017; the Company released a much-awaited Feasibility Study on its Banfora Project. Teranga’s operations are based in West Africa, a region currently producing many gold discoveries.
The Company’s flagship project is its Sabodala Gold Mine, located in Senegal. Sabodala is expected to generate $80 million in cash flow over the next two years, and a total of $230 milli [...]