2018 Operations

SEMAFO’s Mana Mine is located in Burkina Faso, 260 kilometers southwest of the capital Ouagadougou. The third-largest mine in Burkina Faso, it has produced some 1.8 million ounces since its first gold pour in 2008. Since then, we have expanded the plant four times to a current processing rate of over 7,200 tonnes per day.

In 2017, Mana gold production totaled 206,400 ounces, and was sourced from the Siou, Fofina and Wona satellite deposits. Following depletion of the Fofina deposit in the second quarter of 2017, ore in 2018 will be mined from the Siou and Wona Nord pits.

In 2018, we expect to produce about 75,000 ounces at Boungou, of which 60,000-70,000 ounces during the four months of commercial production.

2018 Outlook

Gold production (‘000 oz) 235-265 175-195 60-70
All-in sustaining cost1 ($/oz) 900-940 1,020 – 1,070 545-570

1 All-in sustaining cost is a non-IFRS financial performance measure with no standard definition under IFRS and represents the total cash cost, plus sustainable capital expenditures and stripping costs per ounce.