TERANGA GOLD
and the construction of school infrastructures in support of youth education and training , as well as programs that empower local procurement and help develop small and medium businesses in support of sustainable economic growth .
Through its commitment to CSR , the Company is working to leave a positive and lasting legacy for Senegal .
Growing in an Ex-Growth Sector As a gold producer , commodity cycles and the challenges they present are a way of life . Across the entire industry , despite major exploration investment over the last decade , discoveries have been minimal . The vast majority of deposits discovered are less than 4 million ounces or less . Globally , this has resulted in declining grades which in turn results in lower global gold production . Lower grades mean a lower threshold of error . This has led to a shift in focus in the industry towards continuous improvement , capital discipline and maintaining and lowering production costs .
“ We do not control the price of gold so we focus on the things within our purview , such as achieving productivity and efficiency
46 January 2017