SEMAFO invites you to participate in a conference call on March 4, 2020 at 10:00 AM EST with senior management during which they will review the Corporation's fourth quarter 2019 financial and operational results. SEMAFO's financial statements and management's discussion and analysis for the fourth quarter 2019 will be released on March 3, 2020 [...]
New Exploration Result of 14.6 g/t Au over 21m for Follow Up today announced an inferred mineral resource of 2.2 million ounces of gold at the Bantou Project in Burkina Faso. The resource statement will be published in early March, along with SEMAFO's full reserves and resources statement, which are estimated as at December 31, 2019. Highlights [...]
Semafo Inc. today provided 2020 outlook for its Boungou and Mana Mines in Burkina Faso. The Corporation also announced fourth quarter and annual 2019 results. All amounts are in US dollars unless otherwise stated. Overview Boungou processing plant has restarted, with initial three-month production of between 42,000 and 46,000 ounces expected from [...]
Semafo Inc. provides a debt and corporate update. Benoit Desormeaux, President and CEO of SEMAFO, stated: "Macquarie has been our sole lender and an excellent partner through this difficult time. I would like to thank them for their support as we work towards a restart plan at Boungou and ramping up to full production at Siou underground at the end [...]
ALL AMOUNTS IN US DOLLARS Semafo Inc. provides a corporate and operational update following the November 11 Boungou update. Benoit Desormeaux, President and CEO of SEMAFO, states: "It has been a very difficult time, but our team has risen to the occasion. Initially we were focused on the safety, security and well being of the victims and their [...]
Semafo Inc. reports that over the weekend we began transportation of people by helicopter from the Boungou Mine site. Benoit Desormeaux, President and CEO of SEMAFO states: "Many of the people on-site need to be home with their families and to recover from last week's incident. Myself and most of our senior management team are in-country [...]
Semafo Inc. provides an update on yesterday's attack on the public road between Fada and the Boungou Mine site in the Est region of Burkina Faso. The incident happened approximately 40 kilometers from the Boungou Mine. The convoy, escorted by military personnel, comprised five buses transporting SEMAFO national employees, contractors and [...]
Semafo Inc. regrets to report there was an attack on the road between Fada and the Boungou Mine site in the Est region of Burkina Faso. The incident happened approximately 40 kilometers from the Boungou Mine. The convoy, escorted by military personnel, comprised five buses transporting SEMAFO national employees, contractors and suppliers [...]
Bantou Continues to Deliver Strong Exploration Results Semafo Inc. is pleased to announce results of operations, development and exploration activities for the three-month period ended September 30, 2019. All amounts are in US dollars unless otherwise stated. Highlights Consolidated gold production of 68,800 ounces with Boungou contributing [...]
SEMAFO invites you to participate in a conference call on November 5, 2019 at 10:00 AM EDT with senior management during which they will review the Corporation's third quarter 2019 financial and operational results. SEMAFO's financial statements and management's discussion and analysis for the third quarter 2019 will be released on November 4 after [...]
After-tax Net Present Value of $100 Million Semafo Inc. , is pleased to announce positive results from a preliminary economic assessment for its Nabanga project in Burkina Faso. Highlights Pre-tax NPV of $147 million and after-tax NPV of $100 million, using a 5% discount rate LoM gold production of 571,000 ounces at AISC of $760/oz and a gold [...]
Program Dedicated to Exploring Extensive Untested Soil Anomalies SEMAFO today announced that the 2019 exploration budget for the Karankasso portion of the Bantou Project has been set at $5 million. The program will focus on testing an extensive number of soil anomalies, many of which are located along the Karankasso trends that host the existing [...]
