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

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Semafo Inc.

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Comment by truestaron Jan 02, 2009 4:15pm

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Post# 15678797

RE: Romour- SMF Buys Teparko mine from High River

I have heard they are trying to do so-looking for the right deal though with the Russians- HRG can't get the ball mill going and SMF would have no problem doing so, however the price has to be right-the implications are 120K ozs per year-would likely spike the stock to over $3.00 if announced- I also heard production is ahead of schedule

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