Semafo

Benoit Desormeaux, CPA, CA (CEO)

SEMAFO Inc. is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently owns and operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits.

In 2013, production at the Mana Mine totalled 158,600 ounces of gold.

In addition to corporate facilities in Africa, SEMAFO has headquarters in Canada, in Saint Laurent, Quebec.

In December 2016 SEMAFO announced that the Council of Ministers of the Government of Burkina Faso had approved its mining permit application for the Natougou Gold Project. First gold pour at Natougou is expected in the second half of 2018.

In 2016 SEMAFO produced 240,200 ounces of gold at all-in sustaining costs of $720 per ounce. The Company reported full year gold sales revenue of US$300.5 million and adjusted operating income of US$71 million.