Semafo Inc

Published : June 03rd, 2008

Declares Commercial Production at Mana Gold Mine

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 Semafo Declares Commercial Production at Mana Gold Mine

Montreal, Quebec, June 3rd, 2008 - SEMAFO (TSX: SMF) today reported that its Mana gold mine in Burkina Faso achieved commercial production with the 2,000 tonne-per-day ball mill.  

In May, the Mana mine produced 5,000 ounces of gold, bringing the total gold production to date to 9,400 ounces.

In May, with 88% availability and 98% of designed throughput capacity, the Mana plant processed in excess of 53,000 tonnes of ore,� said Benoit Desormeaux, Executive Vice-President and COO.  �Installation of the of the 4,000 tonne-per-day ball mill is currently underway, with commissioning scheduled for July.�

We are pleased with the smooth, successful progress at Mana,� said Benoit La Salle, President and CEO, �and remain confident that Mana will meet our 2008 production guidance of 60,000 - 70,000 ounces.

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.

This press release may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding expectations of the Company as to the market price of gold, strategic plans, future commercial production, production targets, timetables, mining operating expenses, capital expenditures, and mineral reserve and resource estimates. Forward-looking statements involve known and unknown risks and uncertainties and accordingly, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, uncertainty as to calculation of mineral reserves and resources, risks related t o hedging strategies, risks of delays in construction, requirements of additional financing and other risks described in the Company�s documents filed from time to time with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, those assumptions may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Readers can find further information with respect to risks in the Annual Information Form of the Company and other filings of the Company with Canadian securities regulatory authorities available at The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

For more information contact :

Benoit La Salle,
President & CEO
Tel :  (514) 744-4408
E-Mail :

Renmark Financial Communications Inc. :
Maurice Dagenais :
Jason Roy :
Tel :  (514) 939-3989
Fax : (514) 939-3717

Data and Statistics for these countries : Burkina Faso | Guinea | Niger | All
Gold and Silver Prices for these countries : Burkina Faso | Guinea | Niger | All

Semafo Inc

ISIN : CA8169221089
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Semafo is a producing gold company based in Canada.

Semafo holds various exploration projects in Burkina Faso.

Its main assets in production are KINIERO in Guinea, SAMIRA HILL in Niger and MANA in Burkina Faso.

Semafo is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.5 billions as of today (US$ 1.1 billions, € 1.0 billions).

Its stock quote reached its lowest recent point on December 14, 2001 at CA$ 0.10, and its highest recent level on September 16, 2011 at CA$ 10.00.

Semafo has 324 860 000 shares outstanding.

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In the News and Medias of Semafo Inc
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Annual reports of Semafo Inc
2007 Annual Report
Financings of Semafo Inc
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Option Grants of Semafo Inc
5/16/2012Declares a Second Dividend of CA $0.02 per Share
Nominations of Semafo Inc
6/11/2007 Appointments to Management and Board of Directors
Financials of Semafo Inc
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5/13/2013Releases First Quarter 2013 Results
3/14/2012Reports 2011 Cash Flow from Operations of $172 Million
3/17/2011Reports Record 2010 Cash Flow from Operations of $147.5 Mill...
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Project news of Semafo Inc
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7/17/2013(Samira Hill)Enters into Heads of Agreement for the Sale of the Samira Hi...
1/22/2013Achieves 2012 Production Guidance; Provides 2013 Production ...
8/29/2012(Mana)Discovers High Grade Siou Zone at Mana
6/19/2012(Samira Hill)Discovers New Mineralized Horizon at Samira Hill in Niger
5/30/2012(Mana)Further Expands the Wona-Kona Deposit at Mana
3/27/2012(Mana)Auger Drilling Identifies Six Important Trends at Mana
3/21/2012(Mana)On-site Exploration Laboratory at Mana Begins Opeations
10/3/2011(Mana)Enters Into an Agreement with Sonabel to Connect the Mana Mi...
9/8/2011(Mana)Plans to Increase Mana's Processing Capacity by 6,000 Tonnes...
8/9/2011(Mana)Initial Drill Results at Mana's Massala-Saoura Include 6.77 ...
7/22/2011(Mana)Drills 4.29 g/t Au over 25 Meters at Mana's Fofina Area
6/28/2011(Mana)Yaho Zone More Than Doubles Strike Length to Over 1.5 kilome...
5/12/2011(Mana)Further Expands Mana's Wona SW Zone Results Include 4.17 g/t...
3/31/2011(Mana)Announces Completion of Mana Underground Feasibility Study: ...
3/13/2011(Mana)Discovers New Gold Zone with 2.27 g/t Au Across 54 Meters
2/28/2011(Samira Hill)Total Reserves and M&I Resources Top 6.0 Million Ounces, Inf...
2/8/2011(Mana)to Augment Mana Plant Capacity
2/1/2011(Mana) Fobiri Area Returns Mineralization Over 1.4 Kilometers at M...
6/1/2010(Mana)Phase II of Plant Expansion on Track
4/14/2010(Mana)Auger Drilling Programs Generate More Than 9.5 kilometers of...
2/25/2009(Mana)to Proceed With Deep Drilling Exploration Program at Mana
1/8/2009(Mana): Record Gold Production of 195 500 ounces for 2008, 84% Hig...
12/30/2008(Kiniero)Guinea - Kiniero Operations Update
9/4/2008(Mana)New Ball Mill at Mana Increases Production
8/7/2008At-depth High-grade Extension Results at Mana
7/29/2008(Mana)Commissions 4,000 Tonne-per-Day Ball Mill at Mana
6/17/2008Drilling Results Continue to Extend Gold Mineralization at M...
6/3/2008(Mana)Declares Commercial Production at Mana Gold Mine
5/6/2008(Mana)Mana Mine Achieves Production Target
3/24/2008High Grade Zone Deepening at Mana
2/19/2008(Mana)Mana Mill Starts Up
1/17/2008(Kiniero)Extends West Balan Gold Zone 700m to Reach 1.6 km
1/10/2008(Kiniero)Granted West Balan Mining License
11/20/2007(Mana) Reports Definition Drilling Results on Mana Nyafe Deposit
6/20/2007Highlights of Exploration Progams: Kiniero, Guinea and Sami...
6/13/2007Mana - Extension Of The Wona Deposit Intersects 3.42 G/T Au ...
5/8/2007(Mana)Mana Mine Construction Update
6/6/2006More high grade results from Mana's Nyafe deposit
Corporate news of Semafo Inc
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12/31/2015Changed Number of Shares and Votes in SEMAFO
10/14/2015SEMAFO Provides Notice of Third Quarter 2015 Results Release...
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8/5/2015Edited Transcript of SMF.TO earnings conference call or pres...
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12/30/2014Changed Number of Shares and Votes in SEMAFO
12/3/2014SEMAFO Reports Resumption of Operations at Mana Mine
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12/1/2014SEMAFO Lodges Bidder's Statement for Orbis Gold-Secures Cred...
11/11/2014SEMAFO Announces Solid Third Quarter 2014 Results
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10/30/2014Business as Usual for SEMAFO’s Mana Mine in Burkina Faso
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10/15/2014SEMAFO: A $0.65 Cash Bid for Orbis Gold
10/14/2014SEMAFO Announces Strong Q3 Production Results
10/12/2014SEMAFO: Proposal to Acquire Orbis Gold
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9/19/2013(Mana)Siou Adds 769,300 Ounces at 4.94 g/t Au to Mana's Gold Reser...
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6/4/2013(Mana)Reports Fatal Incident at Mana
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5/1/2013(Mana)Delineation Drilling at Mana's Siou Sector Confirms Minerali...
3/20/2013Siou Deep Drilling Opens South Extension Potential
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2/21/2013/One Million Ounces of Initial In-pit Inferred Resources at ...
2/7/2013Reports Continuous Near-Surface High Grades at Siou: Shallow...
1/28/2013Over 95% Gold Recovery at Siou in Both Oxide and Sulphide Ro...
12/11/2012(Mana)Provides Production Update: Additional Exploration Budget of...
11/6/2012Declares Dividend of C$0.02 per Share
10/18/2012Intersects Higher Grade Mineralization at Yaho
10/10/2012Announces Third Quarter Gold Production of 52,300 Ounces
9/28/2012Changed Number of Shares and Votes in SEMAFO
9/13/2012Appoints Robert LaValliere, Vice-President Investor Relation...
7/11/2012Mineral Reserves and Resources Increase to 7.3 Million Gold ...
7/5/2012Announces Second Quarter Gold Production of 60,500 Ounces
6/29/2012Changed Number of Shares and Votes in SEMAFO
4/30/2012Changed Number of Shares and Votes in SEMAFO
4/10/2012Announces First Quarter 2012 Gold Production of 60,900 Ounce...
3/6/2012to Release 2011 Fourth Quarter and Year-End Financial Result...
2/16/2012Leads in Corporate Social Responsibility and Becomes a Signa...
1/30/2012Provides 2012 Outlook
1/11/2012Meets 2011 Annual Guidance with Production of 250,100 Ounces...
12/30/2011Changed Number of Shares and Votes in SEMAFO
7/6/2011Announces Second Quarter Production of 63,800 Ounces of Gold
5/30/2011Net Income Increases 70% to $20.4 Million for the First Quar...
4/11/2011Produces 60,000 Ounces of Gold in Q1 2011
1/27/2011Provides 2011 Outlook
3/9/2009Managing Director of Semafo Guinea Elected President of the ...
1/29/2009to Produce Up to 240,000 Ounces of Gold in 2009
12/4/2008Announces Record Gold Production for November
9/9/2008: Potential Plant Capacity Increases at Mana
7/8/2008Produces 54,500 Ounces of Gold in Q2
7/2/2008Announces Inauguration of its Mana Mine
6/23/2008Elects John LeBoutillier Lead Director; Jean Lamarre Becomes...
5/20/2008Receives 2008 Alpha Award - Award of Distinction for Environ...
4/29/2008Commended for Corporate Social Responsibility
4/2/2008First Gold Pour at Mana
3/25/2008 Gold Reserves and Resources Update
3/19/2008 Mana Mill Commissioning on Schedule
2/28/2008and GoviEx Close Uranium Transaction
2/14/2008and GoviEx Join Forces to Advance Uranium Exploration and Pr...
1/15/2008Discovers Two New Gold Zones at Samira Hill, Niger
10/24/2007 Kiniero Mine Update
10/11/2007Concludes Mana Gold Project Mining Convention
9/11/2007: Action Plan Implemented at Kiniero Mine
5/4/2007Forms Technical Team To Manage Uranium Exploration Activitie...
4/10/2007Awarded 5 Uranium Exploration Permits In Niger
3/30/2006Results for December 31, 2005
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