TSX 5.50 -0.02 -0.36% Volume: 1,018,082 September 29, 2016
GOLD 1,322.53 +1.05 +0.08% Volume: All prices are delayed at least 20 minutes. September 29, 2016
September 14, 2016 - SEMAFO Resumes Development of Wona North
Targeting Annual Production at Mana of Over 200,000 Ounces Through 2019 MONTREAL, QUEBEC - (Marketwired) - 09/14/16 - SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced it had resumed development of the Wona North pit at its Mana Mine in Burkina Faso . A total of 2.3 million tonnes of waste material will be extracted this year from the Wona North pit. The Corporation expects to increase its annual mining capacity to 40 million tonnes for the next three years in order to produce over 200,000 ounces of gold per year at Mana. In 2017, the Mana Mine should process ore from the Fofina, Siou and Wona North pits with the Fofina deposit expected to be depleted in the first half of 2017. As of December 31, 2015, mineral reserves at Wona totalled 12.7 million tonnes at an average grade of 2.30 g/t Au for 935,100 ounces of gold contained. In light of the commencement of stripping at Wona, the 2016 capital expenditures budget at Mana has been adjusted from US$44.3 million to US$47 million . The table...
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August 31, 2016 - Changed Number of Shares and Votes in SEMAFO
SEMAFO (TSX: SMF)(OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of stock options, the number of issued and outstanding shares of SEMAFO has increased to 324,840,473 common shares with voting rights as at August 31, 2016. The information in this release is subject to the disclosure requirements of SEMAFO under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on August 31, 2016 at 7:00 a.m., Eastern Daylight Time . About SEMAFO SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa . The Corporation operates the Mana Mine in Burkina Faso , which includes the high-grade satellite deposits of Siou and Fofina, and is developing the advanced gold deposit of Natougou. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as...
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August 10, 2016 - SEMAFO: Cash Flow From Operations of $37.4 Million in Second Quarter 2016
Adjusted Net Income Attributable to Equity Shareholders of $15.0 Million SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended June 30, 2016 . All amounts are in US dollars unless otherwise stated. Second Quarter 2016 - in Review Gold production of 61,300 ounces compared to 66,000 ounces for the same  period in 2015 Gold sales of $76.6 million compared to $81.1 million for the same period in 2015 Total cash cost(1) of $547 per ounce sold and all-in-sustaining cost(1) of $742 per ounce sold compared to $471 and $604, respectively, for the same period in 2015 Adjusted operating income(1) of $19.6 million compared to $23.4 million for the same period in 2015 Adjusted net income attributable to equity shareholders(1) of $15.0 million or $0.05 per share(1) compared to $16.1 million or $0.05 per share(1) for the same period in 2015 Cash flows from operating activities(2) of $37.4 million or $0.12 per share(1) compared to...
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Welcome to SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits, and is developing the advanced gold deposit of Natougou. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

 
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SEMAFO's 2015 Sustainable Development Report The year 2015 saw the preparation of SEMAFO's sixth sustainable development report, which details our performance, achievements and objectives in terms of our corporate responsibility to our stakeholders. Download Report 2.31 MB
SEMAFO Foundation SEMAFO is a proud supporter of SEMAFO FOUNDATION, which is a non-profit organization focused on supporting communities in Burkina Faso and improving their quality of life. Learn More
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Report Q2 2016 Report Download PDF 2.50 MB
Conference Call 2016 Second Quarter Results August 10, 2016 10:00 AM (EDT)
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Investor Presentation Investor Presentation Download PDF