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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

Post by templetooth2on Nov 15, 2019 1:59pm
301 Views
Post# 30357706

The Economist

The Economist
There's an article in the Nov 14 edition about the Semafo attack, artisanal mining in Burkina Faso and jihadist influence. Interesting factoid - Mali thought to be largest global producer in 13 th century. As per usual, the magazine has an opinion on problem solution.

I have a growing suspicion that "Semafo" going forward is going to be a semi-toxic name with a more-than-usual discount. I have opined elsewhere there are too many small and mid-cap producers in this part of the world. I think Semafo should spearhead a consolidation effort to form a million or two annual ounce producer. Use some of the admin. savings of joining togeether 4 or 5 companies to fund a bad-azz mercenary security force.
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