Member Company Profile

SEMAFO

SMF:CN|Last Price: USD 4.16|Market Cap: USD 1.36 B

USD 1.71        USD 4.18


Gold Price: $1,438.05|Silver Price: $16.36|Platinum Price: $857.00|Palladium Price: $1,532.00|Gold:Silver: 87.9


Status: Producer|Primary Mineral: Gold|Primary Country of Operation: Burkina Faso


Last Updated: January 16, 2019

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IR Contact

John Jentz
+1 (514) 744-4408
[email protected]
www.semafo.com

Address

100 boulevard Alexis-Nihon, 7th floor
Saint-Laurent, QC H4M 2P3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & SEMAFO.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Canadian-based SEMAFO owns and operates the Mana and Boungou Mines, two open-pit gold mining operations in Burkina Faso. Construction of the Boungou Mine was achieved on time and on budget in the second quarter, and commercial production announced on September 1, 2018. With the addition of Boungou, the Corporation is targeting production of between 235,000 and 265,000 oz in 2018 and +400,000 oz in 2019.
In the first half of 2018, SEMAFO generated $34 million from operating activities, ending the second quarter with $109 million in cash and long-term debt of $116 million. A $26-million discovery-oriented program is ongoing in proximity of the Mana, Boungou and Nabanga projects with the aim of increasing mineral resources. SEMAFO’s operations are supported by SEMAFO Foundation, which has invested CA$10 million since 2009 in near-mine community initiatives.

Value Drivers
  • Produced 91,200 oz at AISC of $1,093/oz in H1 2018.
  • Boungou Mine reached commercial production on September 1, 2018.
  • 2018 production guidance of 235,000-265,000 ounces at AISC of between $900-$940/oz.

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101 , GEOs: No

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders
  • Van Eck Associates Corporation
  • Fidelity
  • Tocqueville Asset Management
Management
Chairperson: John LeBoutillier
CEO: Benoit Desormeaux
CFO: Martin Milette
COO: N/A
VP, Mining Operations: Patrick Moryoussef
VP, Law, Chief Compliance Officer and Corporate Secretary: Éric Paul-Hus
More Detail
Capital Structure
Common Shares Outstanding: 325,617,250
Float (%): 100.00
Options Outstanding: 2,151,000
Fully Diluted Shares: 327,768,250

IR Contact

John Jentz
+1 (514) 744-4408
[email protected]
www.semafo.com

Address

100 boulevard Alexis-Nihon, 7th floor
Saint-Laurent, QC H4M 2P3
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & SEMAFO.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.