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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.
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Comment by Bobwinson Oct 20, 2008 10:35am
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Post# 15535300

RE: RE: RE: eventually

RE: RE: RE: eventuallyThey were required to take out hedges when they financed their last mine at Mana.  The company went out in the market and neutralized most of the hedges.  The hedges should expire 6/09 but there may be fluctuations until then on gold futures contracts totaling 36,000 oz of gold.   See note 16 in last qtrly report.  Bobwins 
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities