TSX 4.90 +0.07 +1.45% Volume: 939,101 January 20, 2017
GOLD 1,209.50 +4.71 +0.39% Volume: All prices are delayed at least 20 minutes. January 20, 2017
December 22, 2016 - SEMAFO Awarded Mining Permit for Natougou Project
Construction Starting On Schedule SEMAFO Inc. (TSX:SMF)(OMX:SMF) is pleased to announce the Council of Ministers of the Government of Burkina Faso has approved its mining permit application for the Natougou Gold Project . Receipt of the mining permit enables development of the Natougou Project to proceed on schedule. Construction activities are expected to begin in the coming weeks with the mobilisation of the bulk earthworks team on site. The first gold pour is expected in the second half of 2018. A key component of the Corporation's growth platform, the Natougou Project is located in southeastern Burkina Faso , some 320 kilometers from the capital of Ouagadougou . In February 2016 , the Corporation announced a positive feasibility study 1 for Natougou, which confirmed the economic viability of an open-pit, carbon-in-pulp project giving an after-tax IRR of 48% at a gold price of US$1,100 per ounce. Initial capital expenditures are estimated at US$219 million , which includes US$42...
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December 5, 2016 - SEMAFO: Natougou Proximal Exploration Enhances Property Potential
Values of up to 6.94 g/t Au over 6 Meters Obtained in the West Flank Zone SEMAFO (TSX:SMF)(OMX:SMF) today announced results from an ongoing proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone (BSZ) proximal to the current in-pit reserves. Based on the results to date, the Corporation now plans: To bring the West Flank Zone into the inferred resources category by year-end 2016; To convert the inferred resources into the indicated category by end of first half of 2017; and To evaluate the potential for an underground operation Since July 1, 2016, a total of 6,716 (39 holes) meters of drilling have been completed along the West Flank Zone located immediately to the southwest of the current in-pit reserves of the Natougou deposit (Figure 1). The program was designed to provide 80-meter by 80-meter hole spacing, reaching inferred category, within the known area of mineralization. All drill holes intersected the BSZ at depths...
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November 9, 2016 - SEMAFO Delivers Cash Flow of $39.3 Million in Third Quarter 2016
Adjusted Net Income Attributable to Equity Shareholders of $14.9 Million SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended September 30, 2016 . All amounts are in US dollars unless otherwise stated. Third Quarter 2016 - in Review Gold production of 62,500 ounces compared to 67,200 ounces for the same period in 2015 Gold sales of $80.2 million compared to $72.5 million for the same period in 2015 Total cash cost 1 of $574 per ounce sold and all-in-sustaining cost 1 of $751 per ounce sold compared to $485 and $616 , respectively, for the same period in 2015 Adjusted operating income 1 of $21.5 million compared to $17.8 million for the same period in 2015 Adjusted net income attributable to equity shareholders 1 of $14.9 million or $0.05 per share 1 compared to $12.2 million or $0.04 per share 1 for the same period in 2015 Cash flows from operating activities 2 of $39.3 million or $0.12 per share 1 compared to $34.8...
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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 Q3 2016 Report Download PDF 2.49 MB
Conference Call 2016 Third Quarter Results November 9, 2016 10:00 AM (EST)
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Investor Presentation Investor Presentation Download PDF 3.99 MB