Wednesday, August 9, 2017

Semafo Inc. - SMF.t

Semafo Inc. - SMF.t owns and operates the flagship Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits, and is developing the advanced gold deposit of Natougou. Semafo expects production of between 235,000 and 260,000 ounces of gold for its current financial year.


On August 9, 2017 the company released Numbers

SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended June 30, 2017. All amounts are in US dollars unless otherwise stated.
Second Quarter 2017 - in Review
  • Results from grade control program on Zone 9 are in line with 2016 reserves
  • Gold production of 47,600 ounces compared to 61,300 ounces for the same period in 2016
  • Gold sales of $59.3 million compared to $76.6 million for the same period in 2016
  • Total cash cost1 of $703 per ounce sold and all-in sustaining cost1 of $1,074 per ounce sold compared to $547 and $742, respectively, for the same period in 2016
  • Net operating loss of $0.8 million compared to an operating income of $14.4 million for the same period in 2016
  • Adjusted operating loss1 of $2.8 million compared to an adjusted operating income of $18.9 million for the same period in 2016
  • Net income of $9.3 million compared to $7.1 million for the same period in 2016
  • Adjusted net loss attributable to equity shareholders1 of 2.9 million or $0.01 loss per share1 compared to an adjusted net income of $14.4 million or $0.05 per share1 for the same period in 2016
  • Cash flows from operating activities2 of $23.6 million or $0.07 per share1 compared to $37.4 million or $0.12 per share1 for the same period in 2016 







http://canadastockjournal.blogspot.com/2016/10/semafo-inc-smft.html