Mineral Reserves and Resources

PROPERTY Mana1,2,4,5,6 Tapoa1,2,4,5,6
(Natougou Project)
Yactibo1,3,4,5,7
(Nabanga Project)
Total
MINERAL RESERVES
Proven
Tonnes 12,655,000 1,583,000 14,238,000
Grade (g/t Au) 3.15 6.46 3.52
Ounces 1,281,400 329,000 1,610,400
Probable
Tonnes 8,325,000 7,984,000 16,309,000
Grade (g/t Au) 2.64 3.69 3.16
Ounces 707,600 947,000 1,654,600
TOTAL MINERAL RESERVES
Tonnes 20,980,000 9,567,000 30,547,000
Grade (g/t Au) 2.95 4.15 3.32
Ounces 1,989,000 1,276,000 3,265,000
MINERAL RESOURCES (exclusive of reserves)
Measured
Tonnes 8,751,000 77,000 8,828,000
Grade (g/t Au) 1.67 1.84 1.67
Ounces 470,800 5,000 475,800
Indicated
Tonnes 33,526,000 2,564,000 36,090,000
Grade (g/t Au) 2.13 2.44 2.15
Ounces 2,293,100 201,000 2,494,100
TOTAL M&I
Tonnes 42,277,000 2,641,000 44,918,000
Grade (g/t Au) 2.03 2.42 2.06
Ounces 2,763,900 206,000 2,969,900
Inferred
Tonnes 13,041,000 2,683,000 1,840,000 17,564,000
Grade (g/t Au) 2.82 3.99 10.00 3.75
Ounces 1,184,200 345,000 590,000 2,119,200

1The Corporation indirectly owns a 100% interest in all of its permits, except for the permits held by SEMAFO Burkina Faso S.A. in which the Government of Burkina Faso holds a 10% interest.
2Mineral reserves and resources at Mana and at Tapoa (Natougou project) were estimated using a gold price of $1,100 and $1,400 per ounce, respectively.
3Mineral resources at Yactibo Permit Group (Nabanga project) were reported above a 5.0 g/t Au cut-off grade.
4Rounding of numbers of tonnes and ounces may present slight differences in the figures.
5All mineral resources reported are exclusive of mineral reserves.
6As of December 31, 2015.
7As of June 30, 2015.

Mana, Burkina Faso1,2,3

DEPOSITS DECEMBER 31, 2015
PROVEN RESERVES PROBABLE RESERVES TOTAL RESERVES
Tonnage Grade
(g/t Au)
Ounces4 Tonnage Grade
(g/t Au)
Ounces4 Tonnage Grade
(g/t Au)
Ounces4
WONA-KONA 6,107,000 2.35 460,700 6,558,000 2.25 474,400 12,665,000 2.30 935,100
NYAFÉ 263,000 5.85 49,400 4,000 5.02 700 267,000 5.84 50,100
FOFINA 1,146,000 2.74 100,800 39,000 2.30 2,900 1,185,000 2.72 103,700
SIOU 4,800,000 4.17 644,000 1,724,000 4.14 229,600 6,524,000 4.16 873,600
ROMPAD 339,000 2.43 26,500 339,000 2.43 26,500
TOTAL MANA 12,655,000 3.15 1,281,400 8,325,000 2.64 707,600 20,980,000 2.95 1,989,000

 

DEPOSITS DECEMBER 31, 2015
MEASURED INDICATED TOTAL RESOURCES
Tonnage Grade
(g/t Au)
Ounces4 Tonnage Grade
(g/t Au)
Ounces4 Tonnage Grade
(g/t Au)
Ounces4
WONA-KONA 1,427,000 1.95 89,500 20,962,000 2.55 1,715,300 22,389,000 2.51 1,804,800
NYAFÉ 300,000 5.60 54,100 230,000 5.84 43,100 530,000 5.70 97,200
FOFINA 1,061,000 2.99 102,000 425,000 3.87 52,800 1,486,000 3.24 154,800
YAHO 4,654,000 1.05 157,200 9,895,000 0.99 316,200 14,549,000 1.01 473,400
FILON 67 26,000 2.72 2,300 9,000 3.59 1,000 35,000 2.93 3,300
FOBIRI 469,000 1.80 27,100 114,000 1.52 5,600 583,000 1.74 32,700
SIOU 814,000 1.47 38,600 1,891,000 2.62 159,100 2,705,000 2.27 197,700
TOTAL MANA 8,751,000 1.67 470,800 33,526,000 2.13 2,293,100 42,277,000 2.03 2,763,900

 

DEPOSITS DECEMBER 31, 2015
INFERRED
Tonnage Grade
(g/t Au)
Ounces4
WONA-KONA 3,010,000 2.91 281,600
NYAFÉ 151,000 5.86 28,400
FOFINA 162,000 4.33 22,600
YAHO 471,000 1.45 22,000
FILON 67 6,000 6.32 1,100
FOBIRI 578,000 1.39 25,800
MAOULA 2,628,000 1.62 137,100
SIOU 6,035,000 3.43 665,600
TOTAL MANA 13,041,000 2.82 1,184,200

1 The Corporation indirectly owns a 100% interest in all of its permits, except for the permits held by SEMAFO Burkina Faso S.A. in which the Government of Burkina Faso holds a 10% interest.
2 Mineral reserves and resources were estimated using a gold price of $1,100 and $1,400 per ounce, respectively.
3 All mineral resources reported are exclusive of mineral reserves.
4 Rounding of numbers of tonnes and ounces may present slight differences in the figures.