MONTREAL, QUEBEC — (Marketwire) — 03/12/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today that the Corporation will include a non-cash impairment charge of approximately $60 million in the fourth quarter of 2012. The impairment charge is related to the Samira Hill mine in Niger and was prompted by the re-assessment of future cash flows to be generated by the mine following the review of technical and economical parameters. The revision takes into consideration increases in sustaining ca
MONTREAL, QUEBEC — (Marketwire) — 02/28/13 — SEMAFO (TSX: SMF)(OMX: SMF)As a result of the exercise of options, the total number of shares and votes in the Corporation has changed during February as follows.The number of shares has increased by 50,000 common shares and the total number of shares in the Corporation as of February 28, 2013 amounts to 273,268,185 common shares. The total number of votes in the Corporation has increased by 50,000 and amounts to 273,268,185. The Corporation-s sh
MONTREAL, QUEBEC — (Marketwire) — 02/21/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today that the 2012 year-end resource estimate will include 999,200 ounces in inferred resources from the Siou Sector, located approximately 15 kilometers from the Mana processing plant in Burkina Faso. The inferred resource estimate includes all zones identified within the Siou Sector, although the bulk of the ounces are located within the Siou and the Nine Zones. The following table presents information
MONTREAL, QUEBEC — (Marketwire) — 02/07/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) today announced that results from its Phase I delineation drilling program at Siou confirm both grade and vein thickness, particularly within the core 500-meter strike length of the mineralized zones. Current interpretation identifies six different zones generally located in the hanging wall of the main Siou Zone. Results to date suggest that of the zones identified, Siou and Nine show the best continuity and grad
MONTREAL, QUEBEC — (Marketwire) — 01/28/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today that metallurgical test work performed on high-grade Siou zone samples revealed gold recovery rates of over 95%. Testing on the Siou zone, located approximately 15 kilometers from the Mana mill, was conducted using a standard carbon-in-leach ("CIL") process and results represent higher recovery rates than any deposit found at Mana to date."We are thrilled with the recovery results at
MONTREAL — (Marketwire) — 01/22/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today that the Corporation has met its annual production guidance for a fifth consecutive year. Production totalled 236,100 ounces of gold for the year ended December 31, 2012.2012 HighlightsGold sales for the year totalled 231,500 ounces and resulted in annual revenues of $388.5 million. The Corporation had approximately $140 million in cash and cash equivalents at year-end 2012. SEMAFO is debt-free, unhedged a
MONTREAL, QUEBEC — (Marketwire) — 01/22/13 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today that the Corporation has met its annual production guidance for a fifth consecutive year. Production totalled 236,100 ounces of gold for the year ended December 31, 2012.2012 HighlightsGold sales for the year totalled 231,500 ounces and resulted in annual revenues of $388.5 million. The Corporation had approximately $140 million in cash and cash equivalents at year-end 2012. SEMAFO is debt-free, un
MONTREAL, QUEBEC — (Marketwire) — 12/11/12 — SEMAFO Inc. (TSX: SMF)(OMX: SMF) today provided the investment community with a production update following the Corporation-s challenging third quarter. For October and November 2012, production totalled 43,600 ounces of gold. During the two-month period SEMAFO-S flagship Mana Mine produced a total of 33,300 ounces of gold, representing 76% of total production. Results include 2,300 ounces that remained in Mana-s gold in circuit inventory as stat
