Teranga sets new production record

Undervalued.

Quarterly report.

• Best ever production record of 52,540 ounces for second quarter and 123,267 ounces for first half of the year
  
• Mill throughput surpasses 1 million tonne milestone for only third time in Company's history
  
• All-in sustaining costs per ounce of $968, including all development capital and total cash costs per ounce of $619
  
• 17 percent cash margin expansion
  
• Net profit attributable to shareholders of $6.1 million or $0.02 per share
  
• Significant growth in free cash flow per ounce to $97 from ($11) in the prior year quarter
  
• 31 percent increase in cash balance since start of year; pro forma June 30, 2016 cash balance of $70.2 million

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