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Teranga jumps on Franco deal

SHARES in Teranga Gold Corporation gained ground today after the company announced a $US135 million ($A150.9 million) stream transaction with Franco-Nevada Corporation that will allow it to acquire 100% of the Oromin Joint Venture Group.

Kristie Batten
Teranga jumps on Franco deal

Earlier this year, Teranga acquired Oromin Explorations, owner of a 43.5% stake of the OJVG. The OJVG owns satellite deposits adjacent to Teranga’s Sabodala mine in Senegal. Franco-Nevada will...

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