Teranga Gold Set to Meet 2014 Production Guidance

Teranga Gold Corp. (TSX:TGZ,ASX:TGZ) released an update on its 2014 production performance and the progress it’s making on a number of near- and medium-term growth initiatives.

The company is on track to meet its production guidance of 220,000 to 240,000 ounces of gold this year.

Further highlights include:

• First ore mined from Masato on September 2^nd
• Drilling confirms high-grade mineralization in Masato
• Gora development on schedule
• Mill optimization expected to increase throughput 5 to 10%
• Preliminary heap leach test results positive
• 2015 cash flows expected to improve by $40 to $60 Million from Base Case
• Strengthening balance sheet – expect to be debt free by year-end
• Expect to generate free cash flow in 2015
  

Click here to read the full Teranga Gold Corp. (TSX:TGZ,ASX:TGZ) press release.