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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 Alcuinon Jan 08, 2003 7:52am
121 Views
Post# 5739279

RE: follow up ....on the last post

RE: follow up ....on the last postOne thing you're missing is that Etruscan Resources (T.EET) owns 50% of the holding company which holds an 80% interest in Samira/Libiri deposits. Semafo holds the other 50%, which means they have a 40% interest. The other 20% goes to the government of Niger. I'd be surprised if the cash costs figure you quote there is a total cost per recovered ounce, as well. Nevertheless, with gold at $340, this mine will be quite profitable. It was projected to be profitable at $280!
Bullboard Posts