"SEMAFO's sustained solid performance and significant cash flows
enables us to fully fund our operations and provides us the economic
capacity to internally finance value-creation activities," said Benoit La
Salle, President and Chief Executive Officer. "Accordingly, the Board of
Directors has decided that SEMAFO's strong financial results support the
paying of this second dividend."
The amount of future dividend payments will be subject to evaluation
and approval by SEMAFO's Board of Directors semi-annually, based on the
Corporation's financial condition, capital requirements, growth plans and
gold price.
About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and
exploration activities in West Africa. The Corporation currently
operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill
Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed to
evolve in a conscientious manner to become a major player in its
geographical area of interest. SEMAFO's strategic focus is to maximize
shareholder value by effectively managing its existing assets as well as
pursuing organic and strategic growth opportunities.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and assumptions
and accordingly, actual results and future events could differ materially
from those expressed or implied in such statements. You are hence
cautioned not to place undue reliance on forward-looking statements.
Forward-looking statements include words or expressions such as
"committed", "evolve", "become", "pursuing", "growth", "opportunities" and
other similar words or expressions. Factors that could cause future
results or events to differ materially from current expectations expressed
or implied by the forward-looking statements include the ability to
execute on our strategic focus, fluctuation in the price of currencies,
gold or operating costs, mining industry risks, uncertainty as to
calculation of mineral reserves and resources, delays, political and
social stability in Africa (including our ability to maintain or renew
licenses and permits) and other risks described in SEMAFO's documents
filed with Canadian securities regulatory authorities. You can find
further information with respect to these and other risks in SEMAFO's 2011
Annual MD&A and 2011 Annual Information Form and other filings made
with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also
available on our website at www.semafo.com. SEMAFO disclaims any
obligation to update or revise these forward-looking statements, except as
required by applicable law.
The above information has been made public in accordance with the
Swedish Securities Market Act and/or the Financial Instruments Trading
Act.