Teranga Gold
Teranga Gold is a Canadian-based gold mining company headquartered in Toronto, founded in 2010 and publicly traded on the TSX under TGZ. The company employs 1,001–5,000 people and has pursued growth through acquisitions of exploration firms and equity financings.
- Company typePrivate
- Founded2010
- HeadquartersToronto, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Teranga Gold does
Teranga Gold is a Canadian-based gold mining company headquartered in Toronto, Ontario. Founded in 2010 and publicly traded on the Toronto Stock Exchange under the symbol TGZ, the company operates with a workforce of between 1,001 and 5,000 employees. The firm's stated corporate footprint places it in the mid-tier gold producer segment, with corporate infrastructure oriented around technical operations and governance — reflected in named leadership covering the Chair of the Board, a Vice President of Technical Services, and a General Counsel & Corporate Secretary.
The company's growth strategy has historically been acquisition-driven. In October 2013, Teranga Gold acquired Oromin Explorations, and in June 2016 it acquired Gryphon Minerals, both for undisclosed amounts, in transactions consistent with consolidating exploration and development-stage gold assets. On December 18, 2019, the company completed an equity financing of approximately $106.75 million, providing capital to support ongoing development or operational activity. The specific mine portfolio, production volumes, reserves, and current operating geographies are not disclosed in the available data.
Teranga Gold's go-to-market is straightforward for a gold producer: extract and sell gold and by-products, with revenues tied to realized gold prices, ounce volumes, and all-in sustaining costs. The customer base for a publicly listed gold miner typically consists of refiners, bullion traders, and financial institutions, but no specific customer, offtake, or distribution relationships are disclosed in the input. The input data does not provide product pricing, royalty arrangements, hedging policies, or any software/technology platform components.
Teranga Gold firmographics
Firmographics- Name
- Teranga Gold
- Website
- https://terangagold.com
- Company type
- Private
- Founded year
- 2010
- Headcount range
- 1,001–5,000 employees
- Short description
- Teranga Gold is a Canadian-based gold mining company headquartered in Toronto, founded in 2010 and publicly traded on the TSX under TGZ. The company employs 1,001–5,000 people and has pursued growth through acquisitions of exploration firms and equity financings.
- Ownership category
- akta.pro rank
Teranga Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Teranga Gold is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Markets served
Teranga Gold business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure
Revenue model
- Advertising and referral revenue: Revenue generated through advertising relationships with financial product providers, including Gold IRA companies, custodians, and related financial services. The platform earns referral fees when users click through to partner offerings.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Teranga Gold product offering
Product offeringCore offering
Teranga Gold is a Canadian-based gold producer that explores for, develops, and operates gold mines in West Africa, principally the Sabodala gold mine in Senegal, producing gold doré bars for sale to refiners and bullion banks. Following the 2016 acquisition of Gryphon Minerals, the company also advanced the Wahgnion gold project.
Product overview
No information available
Differentiator
Problem solved
Functional benefit
Products and services
- Sabodala Gold Mine (gold doré production)
- Wahgnion Gold Project Gold project in Burkina Faso acquired via Gryphon Minerals, contributing to the company's multi-asset West African gold production portfolio.
Companies that use Teranga Gold
Customer profileSegments1 record
Ideal customer profiles1 record
Teranga Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Teranga Gold partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gold IRA Providers and CustodianscoreAdvertising relationships with featured Gold IRA companies, custodians, and financial product providers. The platform earns referral fees when users engage with partner offerings.
Recent moves3 records
Expansion highlights3 records
Teranga Gold competitors and assessment
Company assessmentDirect peers
- IAMGOLD: IAMGOLD is a Canadian-listed mid-tier gold producer with operations spanning West Africa and the Americas. Its size, TSX listing, and multi-jurisdiction gold focus make it one of the closest direct comparables to Teranga Gold.
- Yamana Gold: Yamana Gold is a Canadian-listed mid-tier gold producer with a diversified Americas and Latin American asset base. It is a close comparable to Teranga in size, listing jurisdiction, and growth-by-acquisition history.
- Endeavour Mining: Endeavour Mining is a multi-asset gold producer with a strong West African operating footprint, directly comparable to Teranga Gold's profile as a mid-tier West-Africa-focused gold miner. Endeavour's portfolio of producing mines and growth pipeline closely mirrors Teranga's strategy.
- B2Gold: B2Gold is a Canadian-based mid-tier gold producer with a portfolio of producing mines, including West African assets. Its scale, listing, and growth-by-acquisition history make it a directly comparable peer to Teranga Gold.
Broad incumbents
- Newmont Corporation: Newmont is the world's largest gold mining company and a global incumbent. While significantly larger than Teranga, both operate in the same commodity and compete for the same institutional gold-investor capital pool.
- Gold Fields: Gold Fields is a major South African-headquartered gold producer with West African and Australian operations. Its West African assets (Tarkwa, Damang) make it a relevant regional comparator for Teranga's West African footprint.
- AngloGold Ashanti: AngloGold Ashanti is a major global gold producer with significant African and Americas operations. It competes with Teranga in the African gold space and represents the senior end of the producer peer set.
- Kinross Gold: Kinross Gold is a larger, established Canadian gold producer operating multiple mines globally. It competes with Teranga for capital and acquisitions in the mid-tier gold segment, although its portfolio is broader and more geographically diverse.
- Agnico Eagle Mines: Agnico Eagle is a large Canadian gold miner with a diversified mine portfolio across Canada, Mexico, and Finland. It sits above Teranga in scale but competes in the same Canadian capital markets and targets similar growth-stage assets.
- Barrick Gold: Barrick Gold is a global senior gold producer with a major West African presence (notably through its Loulo-Gounkoto complex). It shares Teranga's West African operational risk profile and competes for the same regional growth opportunities.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
Teranga Gold social profiles
Digital presenceTeranga Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Teranga Gold leadership team
Management profileNumber of profiles
Profiles3 records
Teranga Gold funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Teranga Gold M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Teranga Gold
What does Teranga Gold do?
Teranga Gold is a Canadian-based gold producer that explores for, develops, and operates gold mines in West Africa, principally the Sabodala gold mine in Senegal, producing gold doré bars for sale to refiners and bullion banks. Following the 2016 acquisition of Gryphon Minerals, the company also advanced the Wahgnion gold project.
When was Teranga Gold founded?
Teranga Gold was founded in 2010. It employs 1,001 to 5,000 people.
Where is Teranga Gold based?
Teranga Gold is headquartered in Toronto, Canada, in the North America region.
How does Teranga Gold make money?
One revenue line is on record: advertising and referral revenue.
Who are Teranga Gold's main competitors?
Direct peers on record are IAMGOLD, Yamana Gold, Endeavour Mining and B2Gold. Broad incumbents are Newmont Corporation, Gold Fields, AngloGold Ashanti, Kinross Gold, Agnico Eagle Mines and Barrick Gold.
Does Teranga Gold have an API?
No public API is recorded for Teranga Gold.
What industry is Teranga Gold in?
Teranga Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.