Finance > Project-finance

Teranga secures US$165m to bring second mine online

Teranga Gold (CN:TGZ) has secured US$165 million to help bring its second mine into production as it progresses its aim to be the next multi-asset, mid-tier West African gold producer.

Staff reporter

Finance > Project-finance

Teranga secures US$165m to bring second mine online

Teranga Gold (CN:TGZ) has secured US$165 million to help bring its second mine into production as it progresses its aim to be the next multi-asset, mid-tier West African gold producer.

Staff reporter

Teranga secures US$165m to bring second mine online

Wahgnion will add to Sabodala production

It announced a commitment from Taurus Management for $165 million to develop the Wahgnion project (previously known as Banfora) in Burkina Faso and repay the company's outstanding bank debt of $15 million.