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Semafo Inc. T.SMF

Metals & Mining Industrial Metals & Minerals
Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new production site that is located in southeastern Burkina Faso. The Mana project, which has been in operation longer, includes the Siou deposit, which is about 20 kilometers from the Mana Mine in Burkina Faso. Semafo has developed exploration strategies for future deposits in West Afr


TSX:SMF - Post by User

Semafo Inc.
Bullboard Posts
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Post by Bobwinson Sep 04, 2008 3:28pm
545 Views
Post# 15431846

Improved production

Improved production

Good news.  Mana ball mill is installed and improving production. 

Mana produced 7800oz in July and 10,000 in August. 

Company produced 18,000 in July and 20,000 in August.

Made .05eps by selling 49,600 oz in Q2.  Increased production should help make up for fall in gold prices in Q3.

Very undervalued for a medium producer.  Mana has good exploration upside.

Bobwins

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities