MONTREAL, QUEBEC--(Marketwired - Dec 18, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) is pleased to announce that construction activities have commenced on the 16-kilometer road that will provide access to its high-grade Siou deposit. Following receipt of authorization to begin development at Siou in November (see Semafo press release dated November 13 [...]
New Pompoi North Permit Granted at Mana MONTREAL, QUEBEC--(Marketwired - Dec 9, 2013) - SEMAFO (TSX:SMF)(OMX:SMF) today provided an update on its ongoing soil sampling program at Mana, Burkina Faso, which has identified a strong and continuous north-trending corridor within the Kokoi shear zone measuring more than 14 kilometers long and up to [...]
MONTREAL, QUEBEC--(Marketwired - Dec 2, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced the closing of the sale of its 80% interest in Société des Mines du Liptako S.A. ("SML") to Société de Patrimoine des Mines du Niger S.A.("SOPAMIN"). African GeoMin Mining Development Corporation Limited ("AGMDC"), a wholly-owned indirect subsidiary of SEMAFO, sold to SOPAMIN its 80% interest in SML, owner of the Samira Hill mine in Niger, as well as its exploration permits. On closing of the transaction, SEMAFO received a cash payment of US$1.25 million and retained a fixed net smelter return ("NSR") royalty of 1.2% on all gold production from the Samira Hill plant payable by SOPAMIN to SEMAFO. The NSR is payable only if the spot price of gold ... [...]
As a result of the exercise of options, the total number of shares and votes in the Corporation has changed during November as follows. The number of shares has increased by 1,265,000 common shares and the total number of shares in the Corporation as of November 29, 2013 amounts to 274,533,182 common shares. The total number of votes in the [...]
- Receipt of Authorization to Begin Development at Siou for Anticipated Production in Second Quarter of 2014 - Net Income from Continuing Operations Attributable to Equity Shareholders of $1.7 million - Cash Flow from Operating Activities of $15.6 Million MONTREAL, QUEBEC--(Marketwired - Nov 13, 2013) - SEMAFO (TSX:SMF)(OMX:SMF) today reported [...]
MONTREAL, QUEBEC--(Marketwired - Nov 5, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that the Corporation's 2013 third quarter results will be released on Wednesday, November 13, 2013 prior to TSX market open. The financial statements will be available on the Corporation's website at www.semafo.com or at www.sedar.com. SEMAFO's senior [...]
MONTREAL, QUEBEC--(Marketwired - Oct 1, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that the Corporation's heads of agreement with Middle Island Resources Limited (ASX:MDI) for the sale of a 100% interest in African GeoMin Mining Development Corporation Limited ("AGMDC") has expired. AGMDC, a wholly-owned indirect subsidiary of [...]
MONTREAL, QUEBEC--(Marketwired - Sep 30, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that the report summarizing all material scientific and technical information pertaining to its Mana property in Burkina Faso will be filed to SEDAR on Friday, October 4, 2013. The technical report includes the new mineral resources and reserves data as [...]
Mana Mine Plan Indicates Increase in Production, Lower Total Cash Cost SEMAFO to Host Conference Call Today at 11:00 (EDT) MONTREAL, QUEBEC--(Marketwired - Sep 19, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced Mana's mineral reserves and resources estimation as at June 30, 2013. Owing to Siou's proven and probable reserves of 4,842,900 [...]
MONTREAL, QUEBEC--(Marketwired - Aug 26, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that operations have been suspended at its Samira Hill mine in Niger. The Corporation's decision to suspend operations was disclosed in May 2013, noting that the mine would be placed in care and maintenance prior to year end. The Nigerien authorities [...]
Cash Flow from Operating Activities Totals $24.3 Million MONTREAL, QUEBEC--(Marketwired - Aug 7, 2013) - SEMAFO (TSX:SMF)(OMX:SMF) today reported its financial and operating results for the three-month period ended June 30, 2013. All amounts are in US dollars unless otherwise stated. Second Quarter 2013 in Review A 25% decline in the price of [...]
25 Meter x 25 Meter RC Drilling Complete and Revision of Reserve/Resource Estimations Underway MONTREAL, QUEBEC--(Marketwired - Aug 1, 2013) - Semafo Inc. (TSX:SMF)(OMX:SMF) today announced that the Corporation completed diamond and reverse circulation ("RC") delineation drilling at the Siou Sector at 25 meter x 25 meter spacing, down to [...]