Teranga Gold Corporation (fka TGCDF)

[geodan]

ThanksForLink, here is some of the text:Only$907AISC that is impressive in $1300 environment.

Teranga Gold Corporation (TGCDF) ("Teranga" or the "Company") (ASX:TGZ) is pleased to report its financial results for the third quarter ended September 30, 2016.

Financial & Operating Highlights

Surpasses more than 11 million hours worked without a lost time incident at the Sabodala Gold Operations
Production(1) for first nine months at an all-time high of 172,748 ounces, including 49,481 ounces in third quarter
Record mill throughput for both three and nine-month periods
Lower quarterly all-in sustaining costs of $907(2) per ounce includes development capital and total cash costs of $617(2)
Net profit attributable to shareholders for the third quarter increased to $10.4 million or $0.03 per share
Quarterly free cash flow per ounce improved to $83 from ($632) in the prior year(3)
30% growth in year-to-date cash balance; pro-forma September 30, 2016 cash balance of $65.5 million(4)
Growth Highlights

Successfully closed acquisition of Gryphon Minerals Limited ("Gryphon") on October 13, 2016
An extensive exploration program is planned in Burkina Faso during fourth quarter 2016 and through 2017 with expectations
to continue to convert resources to reserves within the four deposits currently within the mine plan
to begin testing of 11 advanced stage targets within trucking distance of the proposed mill
to initiate exploration programs on two highly prospective exploration properties: Golden Hill and Gourma
An updated National Instrument 43-101 technical report for the Banfora gold project is well underway for target completion by the end of the second quarter of 2017, including updated capital and operating costs
Completed mill optimization project ahead of schedule and 12 percent below budget
"We are heading into the fourth quarter with record production for the first nine months," stated Richard Young, President and Chief Executive Officer. "The team is very focused on execution and, based on where things stand today, we are well on track to achieve our 2016 outlook for production of between 200,000 and 215,000 ounces, as well as total cash costs per ounce and all-in sustaining costs per ounce of between $600 to $650 and $900 to $975, respectively."