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Semafo Inc. T.SMF

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

Bullboard Posts
Comment by MundellFlemingon Nov 01, 2012 5:00am
286 Views
Post# 20548554

RE: comparison

RE: comparison

It seems like a company with a lot of potential the comping years. As you mentioned, low cash costs and rising production. 
However, Semafo has got a considerably better balance sheet with no debt, and it seems that Perseus has got a hedge commitment to sell a bit under a full year production to considerably lower gold prices than the spot price.. But still, an interesting company..

From the presentation:

"Debt facility currently drawn to US$54 million and hedge commitment to 230,000oz at average of US$1,365/oz" 
 

Bullboard Posts