SEMAFO Inc
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GOLD: Semafo releases ‘attractive’ PEA for Nabanga in Burkina Faso
BURKINA FASO – A preliminary economic assessment (PEA) for Semafo’s Nabanga gold project in Burkina Faso envisions an open pit and underground mining operation that can be developed with modest initial capital. The Nabanga gold project, 250 km southeast of…
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GOLD: Semafo revises 2019 guidance after Mana pit wall failure
BURKINA FASO – Semafo has cut 2019 production guidance for its Mana mine in Burkina Faso by 40,000 to 50,000 oz. of gold, following a wall failure in the northern part of the Wona pit on Aug. 2. The intermediate gold…
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GOLD: Semafo tables maiden resource of Bantou gold zone
BURKINA FASO – Semafo has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totalling 2.1 million inferred tonnes grading 5.35 g/t gold for 361,000 oz. of…
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GOLD: Semafo reports more killings near mines in Burkina Faso
BURKINA FASO – On Nov. 30, Burkina Faso government security forces were attacked on the road between Semafo‘s Fada and Boungou mine, about 40 km away, leaving four gendarmes and a driver dead. No Semafo employees were involved, “but senior management…
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Semafo’s Boungou mine achieves commercial production
Since its first gold pour at the end of June, Semafo’s (TSX: SMF) Boungou mine in Burkina Faso has produced more than 12,000 ounces of gold. The mine officially moved into commercial production on September 1. During August the mill processed…
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Armed bandits kill Semafo employee and subcontractor in Burkina Faso
A Semafo (TSX: OMX) employee and a subcontractor are dead after armed bandits shot at a bus transporting the company’s workers 80 km from the town of Bobo-Dioulasso to the Mana mine in Burkina Faso. The shootings on Aug. 17 were preceded…
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GOLD: Feasibility and financing lined up for Semafo’s Natougou project
BURKINA FASO – Semafo Inc. of Montreal says the feasibility study is positive for its Natougou gold project 320 km east of the capital, Ouagadougou. The project boasts an after tax 5% net present value of US$262 million, an after…
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COMMENT: One in 10 gold mines losing money
That’s a headline guaranteed to make any gold bug sit up and take notice. What individuals think this means remains ripe for discussion.
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Orbis Gold rebuffs Semafo’s advances
A day after the board of directors of Orbis Gold (ASX: OBS) rejected an unsolicited all-cash takeover offer made on the Thanksgiving holiday weekend from Montreal-based Semafo (TSX: SMF), the Australian mining company released an updated…
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GOLD: Semafo waves good-bye to Samira Hill
NIGER – Semafo Inc. of Montreal has agreed to sell its 80% interest in the Samira Hill gold mine to Middle Island Resources of West Perth, Australia. The remaining 20% of the mine belongs to the government of Niger.
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Semafo’s Siou does not disappoint
Semafo discovered the Siou mineralized sector in the southern sector of its Mana property in Burkina Faso during the third quarter of 2012 and has lost little time carving out an initial inferred resource. If advanced to production, the company…
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MINING PEOPLE IN THE NEWS: Goldcorp, Kinross, Royal Nickel, and Semafo
Vancouver-based Goldcorp has appointed a new COO, George Burns, who also takes up the mantle as executive VP. He is a veteran of the company’s management team. Burns replaces Steve Reid who is leaving the company.