https://www.miningweekly.com

Teranga's second mine in commercial production

26th November 2019

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

TSX-listed Teranga Gold is edging closer to attaining midtier status with its second mine, Wahgnion, now in commercial production.

The new mine, in Burkina Faso, is expected to achieve the upper end of its 2019 production guidance of 30 000 oz to 40 000 oz of gold after achieving first pour ahead of schedule in late August.

“The Wahgnion plant is running at or above nameplate capacity, recovery rates are well above 90%, and costs are tracking in line with our 2019 guidance. With the successful ramp up to commercial production, Wahgnion is expected to finish the year at the upper end of its production guidance for 2019,” said COO Paul Chawrun.

Teranga has a consolidated guidance of 245 000 oz to 270 000 oz for 2019.

“Now that we have achieved commercial production, in the new year our attention will turn to conducting a reserve development programme focused on optimising the mine plan and adding reserves to extend the current 13-year mine life,” Chawrun added in a news release.

Wahgnion is forecast to produce 132 000 oz/y at an all-in sustaining cost of $761/oz in the first five years of its current 13-year mine life.

Wahgnion is Teranga’s second gold operation after the Sabodala mine, in Senegal.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.059 0.935s - 128pq - 2rq
Subscribe Now