Teranga Gold Reports Q1 2020 Production Estimate & COVID-19 Update
March 25, 2020
Elemental Royalties Limited, (“Elemental”), a private company expanding a diversified portfolio of mineral royalties, is pleased to comment on the Q1 2020 production guidance provided by Teranga Gold Corp (“Teranga”). Teranga is the operator of the Wahgnion gold mine located south western Burkina Faso, on which Elemental Royalties holds a 1% NSR royalty.
Teranga anticipates Q1 2020 consolidated gold production from Wahgnion in Burkina Faso and Sabodala in Senegal to be in the range of 85,000 to 90,000 Oz Au. No split was provided but the operator has previously announced that Q1 is expected to be Wahgnion’s strongest quarter of the year and Sabodala’s softest quarter due to lower grades processed as a result of pit sequencing.
It was also confirmed that Teranga have no cases of COVID-19 at the company’s operations or offices, and that both Sabodala and Wahgnion have enacted a voluntary isolation period with restricted access into site to ensure continuity of operations. Employees at the corporate and regional offices are working remotely. To minimize the impact of any potential supply chain disruptions Teranga has been building an inventory of critical supplies since January and has confirmed that supplies are continuing to arrive at both sites.
The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.
About Elemental Royalties Limited
Elemental is a private company providing investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.
Since early 2017 Elemental has assembled a portfolio of five royalties over seven commodities in four countries, four of which cover producing mines. Immediate cash-flow has enabled the Company to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.
Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.
For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:
|Elemental Royalties Limited|
|T: +44 (0)203 983 7040|
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