OTCPK:VLTAF - Post by User
Comment by
Bpultraon Jun 05, 2012 12:49pm
157 Views
Post# 19981560
RE: SMF bullish on West Africa
RE: SMF bullish on West Africa Cash costs seem to be in line with both VTR and KGN.. at current POG .. double your money!!
Cash Costs
The average industry cost in 2011 based on data compiled from nine companies was $542, while Semafo reported costs of $677 an ounce, up 31 percent from a year earlier. First-quarter cash costs for Barrick were $432, Goldcorp’s were $251 and Newmont’s were $580 while cash cost at Semafo rose 8 percent to $708 per ounce from a year earlier.
The company is flush with about $174 million in cash and has no debt as of March 31. Semafo is on the lookout for new properties in West Africa, La Salle said. The company will consider projects in countries such as Ghana, Mali, Mauritania and Senegal, he said.
https://www.bloomberg.com/news/2012-06-05/semafo-shuns-quebec-for-africa-to-double-its-gold-output.html