The new Wahgnion mine that Teranga Gold built in Burkina Faso has been completed ahead of schedule and about $15-million under budget, TSX-listed Teranga Gold reported on Thursday, noting that the mine would reach commercial production in the fourth quarter.
Wahgnion, which is Teranga’s second gold operation after the Sabodala mine, in Senegal, is expected to increase the company’s yearly production by 50% and double mine site free cash flows at a $1 250/oz gold price.