TORONTO, ONTARIO–(Marketwired – June 17, 2016) – Teranga Gold Corporation (“Teranga” or the “Company”) (TSX:TGZ) (ASX:TGZ) is pleased to announce that the Company has been named a Canadian Sustainable Development Goal award winner through public voting by the United Nations Global Compact Network Canada as recognition for its efforts in advancing the United Nations 17 Sustainable Development Goals (“SDGs”) within its core business strategy.
“As the first industrial gold mine in Senegal, we feel it is important to set the benchmark for responsible mining in the country,” stated Richard Young, President and Chief Executive Officer of Teranga. “This award from the United Nations Global Compact Network Canada supported by all of our voters validates our hard work and the tremendous progress we have made to-date in addressing the needs of the local communities in the areas of food security, youth education and training, and sustainable economic growth, which are the pillars of our Teranga Regional Development Strategy (“TDS”).”
Added Mr. Young, “We are proud of the progress we have made in implementing the TDS and its 78 actions which were established to address the community’s short and long-term sustainable development requirements. Through the TDS, we have integrated the SDGs best practices into all aspects of the mine life cycle from mitigating our impacts on the environment and our communities to sharing the benefits through our social fund investments, local procurement practices and long-term development partnerships.”
Teranga’s SDG Priorities
The Company puts significant time and resources into initiatives that address the highest priority needs of the Kedougou and Tambacounda regions, the areas surrounding its operations, facilitating the advancement of the specific SDGs outlined below:
Teranga has also been acknowledged by the Corporate Knights Future 40 Responsible Corporate Leaders in Canada for three consecutive years and in 2015 was ranked 17th. Teranga is a member of the United Nations Global Compact and a leading member of the multi-stakeholder group responsible for the submission of the first ever Senegalese Extractive Industries Transparency Initiative (“EITI”) revenue report. Teranga publishes an annual Responsibility Report in accordance with its commitments under the United Nations’ Global Compact and in alignment with the Global Reporting Initiative (GRI) guidelines. To view the Company’s 2015 Responsibility Report, visit www.terangagold.com/2015responsibilityreport.
About The SDG Awards
The United Nations 17 SDGs address the most important environmental, social, and economic challenges of our time. The SDG Awards aim to recognize the outstanding efforts of Canadian businesses that are putting Canada and the world on a more sustainable path by advancing these goals. For more information on the United Nations SDGs, visit sustainabledevelopment.un.org/sdgs.
About Teranga Gold
Teranga is a Canadian-based gold company listed on the Toronto Stock Exchange (TSX:TGZ) and Australian Securities Exchange (ASX:TGZ). Teranga is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development in Senegal, West Africa.
Teranga’s mission is to create value for all of its stakeholders through responsible mining. Its vision is to explore, discover and develop gold mines in Senegal and greater West Africa, in accordance with the highest international standards, and to be a catalyst for sustainable economic, environmental and community development. All of its actions from exploration, through development, operations and closure will be based on the best available techniques. For more information, please refer to www.terangagold.com.