- Teranga Gold (TGZ) has won a 2020 Sustainable Development Goals Accelerators Award from Global Compact Network Canada, the Canadian chapter of the UN Global Compact
- Teranga’s winning submission highlights Teranga’s contribution to a ‘zero hunger’ goal
- Initiatives in Burkina Faso build on the strength of its established sustainability program in Senegal
- Since its initial public offering in 2010, Teranga has become a low-cost, mid-tier gold producer operating two mines – Sabodala-Massawa and Wahgnion
- Teranga Gold (TGZ) is down 1.56 per cent and is trading at C$12.65 at 3:20 pm EST
Teranga Gold (TGZ) has won a 2020 Sustainable Development Goals Accelerators Award from Global Compact Network Canada, the Canadian chapter of the UN Global Compact.
Teranga’s winning submission, in the large company category, highlights Teranga’s contribution to a ‘zero hunger’ goal in communities near the Wahgnion Mine in Burkina Faso, West Africa.
Under its Livelihood Restoration Plan, Teranga works closely with local stakeholders to provide education, training and support to increase crop production, new and high-value crops, and improved access to farming areas.
“The six-year, $18-million program has yielded numerous benefits for communities neighbouring the mine, including a doubling of agricultural yield for some crops and significant increases in household income,” said Richard Young, President and Chief Executive Officer.
“Teranga is committed to sharing the benefits of responsible mining with all our stakeholders, and we are proud to work alongside local governments and communities to develop programs that create long-term, sustainable benefits[…],” added Young.
During initial consultations to address mine-related displacement, food security and sustainable agricultural-based livelihoods were identified as two critical issues.
The LRP, which runs from 2018 to 2023, is governed by a multi-stakeholder committee that includes government, youth and women.
Teranga’s initiatives in Burkina Faso build on the strength of its established sustainability program in Senegal, where Teranga operates the Sabodala-Massawa Gold Complex, the country’s largest gold mine.
Teranga’s sustainability strategy is based on four pillars, including good governance, our people and culture, mitigating our impacts and sharing the benefits of responsible mining.
The UN Global Compact provides a framework for developing a more sustainable and responsible business and is the world’s largest corporate sustainability initiative.
Since its initial public offering in 2010, Teranga has become a low-cost, mid-tier gold producer operating two mines – Sabodala-Massawa and Wahgnion.
Teranga Gold (TGZ) is down 1.56 per cent and is trading at C$12.65 at 3:20 pm EST.