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INVESTOR PRESENTATION – Teranga Gold Corporation

Teranga Gold Corporation · Nov 9, 2014 · 44 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 1
    FOCUSED INVESTOR PRESENTATION NOVEMBER 2014 TSX/ASX: TGZ
  2. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 2
    INVESTMENT SUMMARY Mill replacement value 350M1 6.2M in resources (2.8M reserves)2 Strong production and low all-in sustaining cost profile Mining friendly jurisdiction Cash position of 28M4 Expect to be debt free by…
  3. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 3
    VISION Phase 1: 250,000oz 350,000oz Leveraging off our existing mill and infrastructure Expanded mill 250,000 ounces/year base case & opportunities for growth Phase 2: 400,000oz 500,000oz Requiring a second mill/expansion…
  4. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 4
    TERANGA GOLD CAPITALIZATION SUMMARY MINERAL RESERVES Ticker symbols/share price:3 3.0 TSX:TGZ / C0.40 OPEN PIT ASX:TGZ / A0.43 2.5 Domicile: Canada Basic shares outstanding:5 353M 2.0 Options outstanding: 6 23M (Moz)…
  5. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 5
    BASE CASE MINE PLAN Doubled reserves, resources, mine 2014 Guidance: life and increased production base Production 215,000 oz Cash costs 725/oz10 Competitive AISC structure AISC 900/oz10 Maximize free cash flow9 See Appendix for…
  6. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 6
    OPERATING HIGHLIGHTS Mining % Mining focused on lower benches Q3 2014 Q3 2013 Change of Phase 3 of Sabodala pit Ore Mined (000t) 1,272 537 137% Waste mined - operating (000t) 4,201 3,321 27% Mining began at Masato on Waste mined -…
  7. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 7
    OPERATING HIGHLIGHTS Year to Date Mining for the balance of the year % Q3 2014 Q3 2013 Change Mining high-grade areas in Q4 Ore Mined (000t) 3,508 2,548 38% Two thirds to be mined from Masato Waste mined - operating (000t) 15,585…
  8. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 8
    GOLD INVENTORY, PRODUCTION AND CASH FLOW GROWTH PHASE 1: 250,000 350,000 OZ/YR PHASE 2: 400,000 500,000 OZ/YR Short & Medium-term (2014-16) Long-term (2015+) Gold inventory/production/free cash New discoveries through systematic flow…
  9. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 9
    PHASE 1 VISION GROWTH INITIATIVES: 250,000 350,000 OZ/YR 1. INTEGRATION OF OJVG & SABODALA Masato Mining commenced Q3, higher tonnage and grade Infill drilling results confirmed interpretation of the resource model (resource and…
  10. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 10
    3. FINALIZING MILL OPTIMIZATION Crusher Throughput vs. Mill (tpoh) Sabodala mill currently operating at design (July 2013 May 2014) capacity: 600 - 3.5 mtpa (430 tpoh) throughput 500 When crushed stockpiles 100% full - Up to 480…
  11. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 11
    4. HEAP LEACH OPPORTUNITY PHASE 1: TEST OXIDE ORE Encouraging preliminary results Recovery rates, agglomerations, and cyanide consumption in line with expectations to date PHASE 2: TEST SULPHIDE ORE Proceeding with test work…
  12. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 12
    COLUMN LEACH TESTS RESULTS 100% 90% Cumulative Percent Gold Extraction 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 10 20 30 40 50 60 70 Days of Leach Masato Composite (71321) Niakafiri, SE Composite (71324) Masato…
  13. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 13
    SYSTEMATIC EXPLORATION PROGRAM 2014: 10M Masato NE Structure Evaluation Niakafiri Maki Medina Kerekounda Strike Extrusion Evaluation Golouma NW Shear Structure Evaluation 14
  14. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 14
    PHASE 2 VISION GROWTH INITIATIVES: 400,000 500,000 OZ/YR 5M Initial Budget - 2014 Mali 1. Multi-Moz standalone deposits 2. High grade, satellite deposits truckable to central mill Ninienko Extensive mapping and trenching program Q2…
  15. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 15
    SETTING BENCHMARK FOR MAINTAINING STRONG SOCIAL LICENSE DEVELOPMENT STRATEGY (TDS) Culmination of 18 month process of extensive roundtable discussions with our local, regional and national stakeholders, identified three priority…
  16. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 16
    IN PARTNERSHIP WITH SENEGAL Politically stable, mining friendly jurisdiction Government plan sees mining as pillar for economic growth Established a long-term fiscal and investment agreement with Senegalese Government President…
  17. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 17
    POISED FOR GROWTH Strong fourth quarter production expected at better costs Expect to produce 215,000 oz at cash costs of 725/oz10, AISC of 900/oz10 Masato production began on schedule better tonnage and grade Mill optimization…
  18. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 18
    INVESTMENT SUMMARY Mill replacement value 350M1 6.2M in resources (2.8M reserves)2 Strong production and low all-in sustaining cost profile Mining friendly jurisdiction Cash position of 28M4 Expect to be debt free by…
  19. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 19
    APPENDIX TSX/ASX: TGZ www.terangagold.com
  20. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 20
    ENDNOTES In U.S. dollar amounts unless stated otherwise 1. Based on similar projects in size and construction costs in comparable regions. 2. Mineral Reserves and Mineral Resources estimates as at December 31, 2013 as per technical…
  21. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 21
    TRACK RECORD OF SAFE OPERATIONS SAFETY STATISTICS COMMENTS Teranga is dedicated to excellence in safety and aims its OHS indicators to exceed global 2011 2012 2013 benchmarking standards Hours Worked 3,057,907 3,474,890 2,879,685…
  22. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 22
    Q3 FINANCIAL RESULTS (US000's, except w here indicated) Three m onths ended Septem ber 30 Nine m onths ended Septem ber 30 Financial Data 2014 2013 2014 2013 Revenue 56,711 50,564 184,035 239,625 Profit (loss) attributable to shareholders…
  23. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 23
    Q3 OPERATING RESULTS Three m onths ended Septem ber 30 Nine m onths ended Septem ber 30 Operating Results 2014 2013 2014 2013 Ore mined (000t) 1,272 537 3,508 2,548 Waste mined - operating (000t) 4,201 3,321 15,585 8,518 Waste mined -…
  24. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 24
    OUTLOOK 2014 Year ended December 31 Revised 2013 Actuals 2014 Guidance Range Guidance Operating Results Ore mined (000t) 3,508 5,300 - 6,000 Waste mined - operating (000t) 15,585 18,200 - 19,000 Waste mined - capitalized (000t)…
  25. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 25
    HISTORICAL RESULTS YTD 2009A 2010A 2011A 2012A 2013A September 30, 2014 Ore Mined (000t) 2,637 2,915 3,973 5,915 4,540 3,508 Waste Mined - operating (000t) 9,144 13,199 21,818 12,265 15,172 15,585 Waste Mined - capitalized1 (000t)…
  26. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 26
    MASATO EXPLORATION AND INFILL DRILL PROGRAM Mining and drilling to date confirms interpretation of the current resource model Key Objective Results Activities Trenching Confirm location and grades of Completed mineralized zones…
  27. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 27
    GORA DEVELOPMENT 300 koz at 5 g/t Development is underway Permitting process expected to be completed in Q4 Gora Planning and engineering of access road is ongoing Sabodala Mill Construction of the access road expected to…
  28. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 28
    2014 GOLOUMA EXPLORATION Reserve Expansion Potential Current Golouma Pit Step out and infill drilling of inferred resources Potential resource/reserves increase NW of current reserves pit 7 of 25 drill holes completed in Q3,…
  29. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 29
    SABODALA PHASE 3 PERIOD PLOT 2015 Deferral High Grade 1.5 g/t Bench Ounces 470 1,928 460 3,553 450 3,690 Sept-14 440 2,485 Oct-14 2014 Total 11,657 Nov-14 Dec-14 2015 2015 2g/t 1.5 2g/t 1.0 1.5 g/t 0.5 1.0 g/t…
  30. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 30
    MASATO WORK COMPLETED IN Q3 Masato 2014 Drilling Advanced Exploration Work N RC drill program completed N 98 holes totaling 6,001 m North Test Block 2 test blocks Surface trenching program completed 700_v2 Pit 19 trenches mapped…
  31. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 31
    ENGINEERING STUDY CONCLUSIONS 1. Optimization of SAG and Ball Mill SABC Configuration Relationship (SABC) study results: For a typical fresh ore feed: SAG critical size is at ideal increased throughput increases transfer size…
  32. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 32
    SECOND JAW CRUSHER 2. Increase Crusher Reliability Crusher Circuit Layout Concept Minimal gain in SABC enhancements without additional crusher feed (depletes live storage faster) Potential to increase breakage by installing…
  33. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 33
    BASE CASE LOM PLAN (NI 43-101 Technical Report Filed March 13, 2014) 2014-2019 LOM AVG 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Ore Mined Mt 4.8 4.8 - - - - - - - - - - - - - - - Ore Grade g/t…
  34. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 34
    BASE CASE CAPITAL & OPERATING COSTS (NI 43-101 Technical Report Filed March 13, 2014) Capital Expenditures 2014-2019 Sustaining Capex Unit LOM 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 AVG Mining…
  35. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 35
    COMBINED RESERVES AND RESOURCES Mineral Resources Summary as at December 31, 2013 Measured Indicated Measured and Indicated Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Sabodala…
  36. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 36
    COMBINED RESERVES AND RESOURCES Mineral Reserves Summary as at December 31, 2013 Proven Probable Proven and Probable Tonnes Grade Au Tonnes Grade Au Tonnes Grade Au (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Sabodala 3.45 1.64…
  37. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 37
    COMPETENT AND QUALIFIED PERSONS STATEMENT The technical information contained in this document relating to the mineral reserve estimates for Sabodala, the stockpiles, Masato, Golouma and Kerekounda is based on, and fairly represents,…
  38. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 38
    COMPETENT AND QUALIFIED PERSONS STATEMENT The technical information contained in this Report relating to mineral resource estimates for Sabodala, Masato, Golouma, Kerekounda, and Somigol Other are based on, and fairly represents,…
  39. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 39
    FRANCO-NEVADA STREAM AGREEMENT Franco-Nevada provided an upfront cash payment of 135M in exchange for a fixed and floating stream on future production - 2014 to 2019: 22,500 ounces per year - 2020 and thereafter: 6% of gold…
  40. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 40
    SENEGAL INVESTMENT AGREEMENT AND FISCAL REGIME IN PARTNERSHIP WITH SENEGAL FISCAL REGIME The Senegalese Government has stated the 5% government royalty importance of the mining industry in Senegal 25% corporate income tax after tax…
  41. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 41
    SENEGAL COMPARES FAVOURABLY TO OTHER AFRICAN GOLD MINING JURISDICTIONS IN TERMS OF SECURITY AND POLITICAL RISKS Source: Control Risks, RiskMap 2014 42
  42. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 42
    CSR The Companys mission is to share the benefits of responsible mining with all of our stakeholders. We strive to act as a responsible corporate citizen by building projects together with the communities, and by being committed to…
  43. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 43
    MANAGEMENT TEAM Richard Young Over 10 years experience in mining finance, development, corporate development, and investor relations President & CEO, Director with Barrick Gold Former VP and CFO of Gabriel Resources (2005-2010) Mark…
  44. INVESTOR PRESENTATION – Teranga Gold Corporation – slide 44
    NON-EXECUTIVE DIRECTORS Alan R. Hill Mining engineer with over 20 years experience globally in project evaluations, acquisitions and mine development as Chairman Executive VP of Barrick Gold Currently a Director of Gold Fields Former…

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