AEM.T 68.65 (+0.89 | +1.31%) AEM 65.24 (+0.78 | +1.21%) TCM.T 9.67 (+0.05 | +0.52%) TC 9.19 (+0.04 | +0.44%) ERF.UN.T 24.83 (+0.27 | +1.10%) ERF 23.57 (+0.26 | +1.11%) GZM.UN.T 16.80 (-0.03 | -0.18%) FM.T 64.38 (-0.58 | -0.89%) MDI.T 25.21 (+0.06 | +0.24%) OSK.T 13.82 (+0.13 | +0.95%) ARZ.T 6.90 (+0.01 | +0.15%) AZK 6.56 (-0.01 | -0.15%) CG.T 15.13 (+0.26 | +1.75%) ST.T 0.87 (+0.01 | +1.16%) BWR.T 3.93 (0.00 | 0.00%) CLQ.T 0.56 (-0.02 | -3.45%) CLQMD.O 0.58 (0.00 | 0.00%) RME.T 8.29 (-0.13 | -1.54%) BRD.T 1.35 (+0.04 | +3.05%) BRD 1.28 (+0.04 | +3.23%) R.V 1.81 (+0.01 | +0.56%) TWT.T 3.43 (0.00 | 0.00%) GPD.T 0.58 (+0.03 | +5.45%) WOF.V 0.11 (+0.01 | +5.00%) PCC.T 2.51 (+0.03 | +1.21%) MSQ.V 0.88 (-0.01 | -1.12%) I.T 2.42 (0.00 | 0.00%) IPCI 2.32 (+0.01 | +0.43%) XME.V 0.20 (0.00 | 0.00%) STG.V 0.18 (+0.01 | +6.06%) MXI.V 0.50 (+0.01 | +2.04%) NIF.UN.T 3.79 (-0.31 | -7.56%) RSC.T 0.50 (0.00 | 0.00%) BCU.V 0.21 (-0.01 | -4.55%) GOD.V 0.11 (0.00 | 0.00%) FT.T 0.60 (-0.01 | -1.64%) GBK.V 0.34 (-0.01 | -1.47%) GSL.T 4.15 (-0.17 | -3.94%) LRI.T 0.34 (+0.05 | +17.24%) AHF.V 1.21 (-0.02 | -1.63%) AMZ.V 2.13 (-0.07 | -3.18%) MBA 0.51 (-0.01 | -1.92%) VHV.V 0.61 (0.00 | 0.00%) MWC.T 0.26 (-0.01 | -1.92%) LMA.T 1.91 (0.00 | 0.00%) EE.T 1.03 (0.00 | 0.00%) EET.T 0.46 (-0.01 | -1.09%) PRM.V 0.05 (0.00 | 0.00%) APA.V 0.14 (+0.01 | +3.85%) GGR.V 0.27 (-0.01 | -3.64%) CBE.V 0.17 (0.00 | 0.00%) GMX.T 1.58 (+0.07 | +4.64%) GLBXF.O 1.47 (0.00 | 0.00%) SMF.T 8.70 (+0.05 | +0.58%) SVT.V 0.15 (+0.01 | +3.57%)

SEMAFO Inc.

SMF.T (TSX)
$8.70aaa
Change +0.05 +0.58%
Volume 344,668
52 week Low Hi
  $2.15 $9.13
Financial Information
Shares Outstanding: 270,993,935
Fully Diluted Shares: 282,085,935
Est. Market Float: -
Market Cap.: $2,357,647,235
EPS last 3 months: $0.13
EPS Trailing 12 months: $0.28
Long-Term Debt: $25,000,000
Financial Year-End: Dec 31
Updated: 2010-09-02 13:30:44
15-20 mimutes delay

Renmark Financial Disclaimer

The information contained above was approved by the company presented and is reproduced with its authorization. The accuracy and completeness of that information are the sole responsibility of the said company.

This document is published for general information only and it should not be interpreted as an investment recommendation nor an offer or a solicitation to buy or sell securities issued by the said company. Renmark does not and will not accept any responsibility or liability for investment decisions made on the basis of the information herein contained.

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Company currently operates three gold mines in Burkina Faso, Niger and Guinea.  SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest, while maintaining principles and strengthening relationships to increase shareholder value.

In the first quarter 2010, SEMAFO produced 65,800 ounces of gold and achieved gold sales of $63,575,000, compared to gold production of 58,100 ounces and sales of $49,495,000 for the corresponding period in 2009. Operating income increased to a record $19,523,000 for the three-month period ended March 31, 2010, compared to $11,173,000 in the first quarter 2009. Highlights for the first quarter ended March 31, 2010 include:

  • Record gold production of 65,800 ounces, a 13% increase year over year
  • Gold sales of $63,575,000, an increase of 28% year over year
  • Cash operating cost of $455 per ounce compared to $460 in the first quarter 2009
  • Record operating income of $19,523,000, a 75% increase year over year
  • Record net income of $13,805,000 or $0.06 per share, a 55% improvement year over year
  • Record cash flow from operating activities increased 43% to $26,457,000 or $0.11 per share, compared to $18,500,000 or $0.08 for the first quarter 2009
  • Continued exploration success at Mana
  • Discovery of two new gold zones at the Samira Hill Mine in Niger
  • Metallurgical tests revealed 81% recovery in bedrock at Wona Zone, a 5% improvement from previous study results
  • Successful completion of the Mana phase I plant expansion, with throughput exceeding design capacity to attain up to 7,300 tonnes per day

Jean Lamarre, Executive Chairman

Benoit La Salle, President & Chief Executive Officer

Martin Milette, Chief Financial Officer

Benoit Desormeaux, Executive Vice-President & Chief Operating Officer

Michel Crevier, Geology Manager & Qualified Person

J.D. Miller, Strategic Development

Jean Lamarre, Executive Chairman

Benoit La Salle, CA, Director

Bryan A. Coates, CA, Director

John LeBouthillier, CM, Director

Gilles Masson, CA, Director

Pierre Claver Damiba, Director

Lawrence McBrearty, Director

Headquarters:

750 Marcel-Laurin Blvd.
Suite 375
Saint-Laurent, Québec
H4M 2M4 Canada

Telephone: (514) 744-4408
Fax: (514) 744-2291

For additional info., contact
Maurice Dagenais
John Boidman

Montréal

Telephone: (514) 939-3989
Fax: (514) 939-3717

Toronto

Telephone: (416) 644-2020
Fax: (416) 644-2021
Home SEMAFO Inc.