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Cool reception for Banfora plan

Teranga Gold was probably hoping for a bit more love for the updated feasibility study for its Banfora project in Burkina Faso. The long-awaited document was supposed to be a welcomed milestone on its path towards transitioning into a multi-mine producer.

Cameron French
Drilling at Banfora. Teranga is planning to do more infill drilling for a reserve update

Drilling at Banfora. Teranga is planning to do more infill drilling for a reserve update

But the release of the study late last week prompted a slow but steady selloff, lopping a collective 9% off of the company’s stock, as the study raised questions about the project’s financing. Teranga...

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