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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 21, 2019 11:39am
291 Views
Post# 30378451

Excellent article

Excellent article
https://www.reuters.com/article/us-semafo-attack-security-exclusive/exclusive-mine-workers-demanded-more-protection-before-deadly-burkina-faso-attack-idUSKBN1XT0JN

So, current cost of flying management is estimated at $1.5 - $2 million. To fly everyone, $3.8 million annually (high estimate).

It really doesn't look good when the company does not respond to Reuters for a quote/ other information. Semafo has been totally silent for 2 weeks now. More than overdue for another statement from the company.
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