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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 soladadeson Sep 06, 2012 3:23pm
227 Views
Post# 20326971

RE: RE: RE: Underpreforming again the story of thi

RE: RE: RE: Underpreforming again the story of thi

Mighty Perseus PRU.TO

Ghana mine – still ramping up to 8.0 M tonnes/yr or ~260k oz/yr

$600/oz cash cost

H1 profit = $52 M

$100 M cash

Some hedge @ $1260 (project financing)

2.4 M oz proven – 1.6 M oz probable

2nd mine starting in Cote D’Ivoire

Run by solid management/operators

Projections of 400k oz/yr 2014

Underperforming lately (?) TP (mine) $4/share

Also like TGZ (Senegal), CGA (Philippines), EDV (Ghana, Mali), and of course, our friend SMF – for foreign portion of PF

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities