Production Guidance Maintained
MONTREAL, QUEBEC — (Marketwired) — 12/01/14 — SEMAFO (TSX: SMF)(OMX: SMF) reported today that employees began an illegal work stoppage at its Mana mine in Burkina Faso on the evening of Saturday, November 29, 2014. The illegal work stoppage comes in spite of an existing collective agreement that remains in effect until December 31, 2015.The Corporation has secured the Mana site and is collaborating with union delegates to establish a timely return to normal operations.Further updates will b
MONTREAL, QUEBEC — (Marketwired) — 11/30/14 — SEMAFO (TSX: SMF)(OMX: SMF) today lodged its bidder–s statement in respect of its A$0.65 per share cash offer for 100% of the shares in Orbis Gold Limited with the Australian Securities and Investments Commission (ASIC), Orbis Gold and the ASX. A copy of the bidder–s statement may be accessed from the ASX website, , under Orbis– ASX code "OBS".In addition to its cash on hand of US$121 million as at November 30, 2014, the Corporation
Net Income of $13 Million Cash Flow from Operations of $41 Million
MONTREAL, QC — (Marketwired) — 11/06/14 — SEMAFO (TSX: SMF)(OMX: SMF) provides its observations to the Orbis Gold Limited (ASX: OBS) notice of AGM and updated scoping study.IntroductionIf Orbis shareholders vote in favour of the A$20 million rights issue, it would effectively be a vote for Orbis to continue as a stand-alone company. In contrast, SEMAFO has put forward a A$0.65 per share cash offer for Orbis (the "Cash Offer"), representing a generous 86% premium to the closing sha
MONTREAL, QUEBEC — (Marketwired) — 11/06/14 — SEMAFO (TSX: SMF)(OMX: SMF) provides its observations to the Orbis Gold Limited (ASX: OBS) notice of AGM and updated scoping study.IntroductionIf Orbis shareholders vote in favour of the A$20 million rights issue, it would effectively be a vote for Orbis to continue as a stand-alone company. In contrast, SEMAFO has put forward a A$0.65 per share cash offer for Orbis (the "Cash Offer"), representing a generous 86% premium to the closing
