SEMAFO Inc.

Headquarters
750 Marcel-Laurin Blvd.Suite 375
Saint-Laurent, Québec
H4M 2M4 Canada
Telephone
(514) 744-4408Fax
(514) 744-2291Website
www.semafo.comFor additional info., contact
Montréal
Telephone: (514) 939-3989Fax: (514) 939-3717
Toronto
Telephone: (416) 644-2020Fax: (416) 644-2021
Financial Information
About SEMAFO Inc.
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.
SECOND QUARTER 2009 – HIGHLIGHTS
- Gold production of 64,100 ounces, an 18% increase over the same period last year
- Gold sales of $58,646,000, an increase of 31% over the same period last year
- Cash operating cost of $419 per ounce, an increase of 6% over the same period last
year and an improvement of 9% compared to the first quarter of 2009 - Operating income of $17,043,000 compared to $13,822,000 for the same period last
year - Net income of $10,721,000 including a loss on financial instruments and future
income tax expense of $3,960,000 compared to a net income of $11,681,000 for
the same period last year - Cash flow from operating activities of $25,444,000 compared to $19,304,000 for the
same period last year and $18,500,000 for the first quarter of 2009 - Close-out of the hedge program
- Commencement of an extensive exploration program on the high potential Houndé
belt in Burkina Faso - Positive at-depth drilling results on the Wona zone at Mana
- Completion of a CA $40,520,000 public offering
- Debt reduction of $7,594,000
Management
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
Board of Directors
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
Latest Press Releases
-
March 17, 2010
SEMAFO Reports Record Cash Flow from Operations of $92.1 Million for 2009 -
March 8, 2010
SEMAFO Reports Discovery of Two New Gold Zones at Samira Hill -
March 3, 2010
SEMAFO Successfully Completes Phase I of Mana Plant Expansion -
March 1, 2010
SEMAFO updates Mana gold reserves and resources -
February 1, 2010
SEMAFO Identifies New Surface Targets at Mana
Financials
-
November 9, 2009
Third Quarter 2009 -
August 11, 2009
Second Quarter 2009 -
May 12, 2009
First Quarter 2009 -
March 23, 2009
2008 Annual Report

