CAPITAL MARKETS

Higher costs behind revised Teranga guidance

WHILE its 2011 production guidance of 140,000 ounces from the Sabodala gold mine in Senegal remains unchanged, dual-listed Teranga Gold Corporation has warned total cash costs will jump by 13% due to higher fuel, labour, maintenance and royalty costs.

MiningNews.Net
Higher costs behind revised Teranga guidance

The company now expects cash costs for the full year will reach $US850-$875 an ounce. 45,000oz of the precious metal is forecast to be produced in the current quarter at costs of around $775/oz as...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.