Teranga Gold Corporation reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2017. For the quarter, revenue was $70,322,000 against $79,198,000 a year ago. Profit attributable to shareholders of Teranga was $5,592,000 or $0.01 per share against $7,812,000 or $0.02 per share a year ago. EBITDA was $21,874,000 against $28,968,000 a year ago. Operating cash flow was $21,258,000 against $24,143,000 a year ago. Sustaining capital expenditures were $5,317,000 against $11,333,000 a year ago. Sustaining capital expenditures were $11,600,000 against $3,049,000 a year ago. Growth capital expenditures were $2,198,000. Profit before income tax was $7,771,000 against $14,252,000 a year ago.

For the quarter, gold produced was 56,903 oz against 70,727 oz a year ago.

For 2017, the company expects gold produced of 205,000 oz ­ 225,000 oz. The company expects total sustaining capital expenditures of $15.0 million ­ $21.0 million and total growth capital expenditures of $13.0 million ­ $17.0 million.