Teranga Gold Reports Positive Feasibility Study for Banfora Project

Teranga Gold Corporation (“Teranga” or the “Company”) (TSX: TGZ) (ASX: TGZ) is pleased to announce positive results of the feasibility study (the “Feasibility Study”) on its permitted Banfora gold project (the “Banfora Project”) in Burkina Faso, West Africa. The Banfora Project is comprised of a mine license of 89 km2, and a regional exploration land package of nearly 1,000 km2.
As quoted in the press release:

“Development of the Banfora Project is an important step towards attaining our goal of becoming the next multi-asset, mid-tier gold producer in West Africa. It will diversify our production base and add significant scale by increasing our consolidated annual gold production by 50% to between 300,000 and 350,000 ounces1,6,” stated Richard Young, President and Chief Executive Officer of Teranga.

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