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Teranga Gold Beats 2016 Production Guidance

TORONTO, ONTARIO--(Marketwired - Jan 5, 2017) - Teranga Gold Corporation ("Teranga" or the "Company") (TGZ.AX) (TGZ.AX) is pleased to announce 2016 gold production of 216,735 ounces, exceeding the high end of its 2016 production guidance range of 200,000 to 215,000 ounces.

"Strong operational performance by our employees who worked tirelessly throughout the year enabled Teranga to achieve record production in 2016," stated Richard Young, President and Chief Executive Officer. "Our processing plant operated at record levels this year, following the early commissioning of the mill optimization project that is expected to increase our mill capacity by up to 15% per annum."

Teranga also announced today that it will release its operating results for the three and twelve months ended December 31, 2016 on Monday, January 30, 2017 at approximately 6:00 a.m. ET. A conference call and audio webcast will be held later that morning at 8:30 a.m. ET to review and discuss the quarter's highlights.

http://finance.yahoo.com/news/teranga-gold-beats-2016-production-220500961.html