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Teranga in re-rating frame

Canada’s Teranga Gold has reported strong financial and operating results for the June quarter, with CEO Richard Young telling Mining Journal the company has made solid progress in recent weeks on its strategy to become a multi-asset mid-tier West African gold producer, something the current share price does not necessarily reflect.

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Teranga Gold CEO Richard Young says the company is making strides in achieving its mid-tier strategy

For the three months ended June, Teranga reported a 40% increase in gold output to 89,011oz, mainly attributable to a strong performance from the Wahgnion mine, in Burkina Faso.

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