AMN - GOLD: Massawa integration on schedule

Teranga Gold Corporation is progressing the integration of the recent acquired high-grade Massawa Gold Project with the Sabodala project in Senegal on schedule. First Massawa ore is expected to be processed through the Sabodala mill in the September quarter of 2020.

During the first quarter consolidated gold production, which also included the Wahgnion mine in Burkina Faso, was expected to be in the range of 85,000 to 90,000 ounces.

The company's chief operating officer Paul Chawrun said, "Production, development and exploration are proceeding as planned and consolidated first-quarter production is likely to be between 85,000 and 90,000 ounces as expected.

"As previously disclosed, this will be Wahgnion's strongest quarter of the year and Sabodala's softest quarter due to lower grades processed as a result of pit sequencing.

"Currently, both the Sabodala gold mine in Senegal and the Wahgnion gold mine in Burkina Faso are operating as expected.

"In addition, the development work to integrate the Massawa project with Sabodala, as well as Teranga's 2020 exploration activities, are continuing as planned."

On COVID-19, Chawrun said: "The company is working with the employees at Sabodala, Wahgnion and its various exploration sites to ensure continuity of operations while admittance to sites is being restricted.

"To minimise the impact of any potential supply chain disruptions, the company has been building an inventory of critical supplies since January and confirms that supplies are continuing to arrive at both sites.

"Teranga has implemented precautionary measures to protect the health and safety of the company's workforce and to maintain business continuity. To date (late March), there have been no confirmed cases of COVID-19 at any of the company's operations or offices."

Employees at the corporate and regional offices are working remotely.

The company's president and CEO Richard Young said: "Employee health and safety has always been a top priority at Teranga and we are taking extensive precautions in response to the COVID-19 pandemic.

"The team has enhanced medical services at each mine site and ramped up infectious disease education, prevention, and management protocols across the company.

"Both Sabodala and Wahgnion have entered an isolation period and a team of national and expatriate staff have volunteered to stay on site beyond their normal rotations to run the operations. This measure, together with the many other precautionary directives already in place, is to protect both our staff and the local communities around our mines from the virus."

Teranga is a multi-jurisdictional West African gold company focused on production and development as well as the exploration of approximately 6,050sqkm of land on prospective gold belts. Since its initial public offering in 2010, Teranga has produced more than 2 million ounces of gold at its Sabodala operation in Senegal, which is expected to transform into a top tier gold complex upon the integration of the high-grade Massawa project.

Focused on diversification and growth towards its vision of becoming a mid-tier producer, the Company recently announced commercial production at its second gold mine, Wahgnion in Burkina Faso and is carrying out exploration programs in three West African countries: Burkina Faso, Cote d'Ivoire and Senegal.

www.terangagold.com