improvements ,” said Mr . Young . “ We are very conscientious of how we spend each and every dollar .”
While the global gold sector paints a picture of ex-growth , there are a handful of growing regions , including West Africa , that many believe are just beginning to make their mark on the industry . Mr . Young views West Africa as a literal gold mine of opportunity . Most gold regions in the world are witnessing falling production . However , gold production in Africa continues to grow . In 2015 , the continent of Africa was the second largest producer of gold and half of this production was derived from West Africa .
Expanding Beyond Senegal into Greater West Africa With its continuing success in Senegal , Teranga has set its sights on expanding and becoming a midtier gold producer with operations across greater West Africa . In October , the Company acquired Gryphon Minerals , which included the Banfora gold project and two prospective exploration properties in Burkina Faso , West Africa .
Mr . Young believes that Teranga can leverage its strong core team in
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