Semafo Inc

Published : April 16th, 2008

Q1 PRODUCTION EXCEEDS GUIDANCE

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Q1 PRODUCTION EXCEEDS GUIDANCE

Montreal, Quebec, April 15, 2008. - SEMAFO (TSX SMF) today announced that gold production for the first quarter ended March 31, 2008 totalled 28,700 ounces, exceeding guidance by 4,200 ounces. Total production was comprised of 12,400 ounces and 16,300 ounces from the Kiniero from Samira Hill mines, respectively.Favorable gold prices during the first quarter of 2008 resulted in gold sales averaging in excess of $900 per ounce. As previously reported, gold sales in the first quarter of 2007 averaged $661 per ounce.

The Company is maintaining its previously announced overall production guidance of between 165,000 and 185,000 ounces for 2008. In order to track mid-range for the year, production for the first six months must reach 66,000 ounces, hence 37,300 ounces for the current quarter ending June 30th. The increase in production over that of the first quarter is projected to come from the Companys new Mana mine, which recently completed its first gold pour.

Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Companys first quarter operating and financial results to be released mid-May.

For more information contact:

MONTREAL:
Benoit La Salle,
President and CEO
Tel: (514) 744-4408
Fax: (514) 744-2291
E-mail: blasalle@semafo.com

RENMARK:
Maurice Dagenais
Tel.: (514) 939-3989
Fax: (514) 939-3717
E-Mail: mdagenais@renmarkfinancial.com

More extensive information on Semafo can be found on our home page at www.semafo.com

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE

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Semafo Inc

PRODUCER
CODE : SMF.TO
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$ 893.4 millions as of today (US$ 675.4 millions, € 612.6 millions).

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.

Your feedback is appreciated, please leave a comment or rate this article.
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In the News and Medias of Semafo Inc
3/11/2019SEMAFO and Savary Gold join forces to expand in Burkina Faso
12/4/2018Semafo reports third security incident in Burkina Faso
8/18/2018Armed bandits kill SEMAFO mine workers
Annual reports of Semafo Inc
2007 Annual Report
Financings of Semafo Inc
2/11/2015. Announces Upsize of Previously Announced "Bought Deal" Fin...
2/11/2015. Announces C$20,350,000 "Bought Deal" Financing
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
8/7/2013Releases Second Quarter 2013 Results
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...
11/12/2008Reports Net Earnings of $11.3 Million for the Third Quarter ...
8/12/2008Reports Net Earnings of $11.7 Million for the Second Quarter...
7/23/2008to Release Second Quarter Financial Results on August 12, 20...
5/15/2008Reports Net Earnings of $12.5 Million for the First Quarter ...
5/1/2008 to Release First Quarter Financial Results on May 14, 2008
4/15/2008Reports First Quarter 2008 Gold Production - Q1 Production E...
3/25/20082007 Financial Results - Gold production up by 12%
2/7/2008 Reports Operating Results for 2007 and Guidance for 2008
11/14/2007 Reports Third Quarter 2007 Results - 3rd Quarter Gold Produ...
8/14/2007Reports Second Quarter 2007 Financial Results
5/10/2007Reports First Quarter 2007 Financial Results
Project news of Semafo Inc
9/30/2013(Mana)New Technical Report for Mana Property
8/26/2013(Samira Hill)Suspends Operations at the Samira Hill Mine
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
1/29/2008(Mana)MANA START-UP SCHEDULED FOR FEBRUARY
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
7/29/2016Changed Number of Shares and Votes in SEMAFO
7/27/2016SEMAFO Provides Notice of Second Quarter 2016 Results Releas...
6/30/2016Changed Number of Shares and Votes in SEMAFO
6/20/2016SEMAFO Reports Results of Delineation Drilling at Yama
5/31/2016Changed Number of Shares and Votes in SEMAFO
5/13/2016SEMAFO Announces Re-Election of Directors (disponible en ang...
5/13/2016SEMAFO Announces Re-Election of Directors
5/11/2016SEMAFO: Cash Flow From Operations of $35.2 Million in First ...
1/20/2016SEMAFO Achieves 2015 Guidance; Provides 2016 Outlook
1/18/2016SEMAFO: Update on Burkina Faso Situation
12/31/2015Changed Number of Shares and Votes in SEMAFO
10/14/2015SEMAFO Provides Notice of Third Quarter 2015 Results Release...
9/17/2015Business as Usual at SEMAFO's Mana Mine in Burkina Faso
8/5/2015Edited Transcript of SMF.TO earnings conference call or pres...
8/5/2015SEMAFO's Net Income Increases to $22.1 Million in Second Qua...
7/30/2015SEMAFO Provides Notice of Second Quarter 2015 Results Releas...
7/28/2015Proximal Exploration on SEMAFO'S Natougou Returns Promising ...
7/14/2015Delineation Drill Results at SEMAFO's Natougou Match Expecta...
4/15/2015Provides Notice of First Quarter 2015 Results Release and Co...
4/15/2015SEMAFO Provides Notice of First Quarter 2015 Results Release...
3/31/2015SEMAFO Reports Indicated Resources at Natougou of 1.1 Millio...
3/31/2015Reports Indicated Resources at Natougou of 1.1 Million Ounce...
3/12/2015Reports Net Income for the Year of $17.7 Million
3/12/2015SEMAFO Reports Net Income for the Year of $17.7 Million
3/5/2015avslutar C$57.9 miljoner "avklarad affär" finansiering säkra...
3/4/2015SEMAFO Closes C$57.9 Million "Bought Deal" Financing Secures...
3/4/2015SEMAFO Closes C$57.9 Million “Bought Deal” Financing Secures...
2/24/2015SEMAFO: Mana SAG Mill Up and Running
2/20/2015SEMAFO Discloses Historical Mineral Resources on the Natougo...
2/19/2015Les réserves et les ressources mesurées et indiquées de SEMA...
2/19/2015SEMAFO's Reserves and Measured and Indicated Resources Incre...
2/12/2015. tillkännager en ökad finansiering av "genomförd affär" på ...
2/12/2015Orbis Gold-styrelse enhälligt rekommenderar ökat SEMAFO-erbj...
2/12/2015. tillkännager $20 350 000 CAN finansiering av "genomförd af...
2/11/2015SEMAFO Inc. Announces C$20,350,000 "Bought Deal" Financing
2/11/2015Orbis Gold Board Unanimously Recommends Increased SEMAFO Off...
1/30/2015Changed Number of Shares and Votes in SEMAFO
1/21/2015SEMAFO: 2014 Production Increased by 48%, Total Cash Cost De...
12/30/2014Changed Number of Shares and Votes in SEMAFO
12/3/2014SEMAFO Reports Resumption of Operations at Mana Mine
12/1/2014SEMAFO Reports Illegal Work Stoppage at Mana Mine
12/1/2014SEMAFO Lodges Bidder’s Statement for Orbis Gold Secures Cred...
12/1/2014SEMAFO Lodges Bidder's Statement for Orbis Gold-Secures Cred...
11/11/2014SEMAFO Announces Solid Third Quarter 2014 Results
11/6/2014SEMAFO Provides Its Observations to Orbis' Notice of AGM and...
10/30/2014Business as Usual for SEMAFO’s Mana Mine in Burkina Faso
10/30/2014Business as Usual for SEMAFO's Mana Mine in Burkina Faso
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
8/29/2014Changed Number of Shares and Votes in SEMAFO
9/19/2013(Mana)Siou Adds 769,300 Ounces at 4.94 g/t Au to Mana's Gold Reser...
8/1/2013Delineation Drilling at Siou Extends Mineralization: Results...
7/23/2013Provides Notice of Second Quarter 2013 Results Release and C...
7/23/2013Provides Notice of Second Quarter 2013 Results Release and C...
6/4/2013(Mana)Reports Fatal Incident at Mana
5/7/2013Provides Notice of First Quarter 2013 Results Release and Co...
5/1/2013(Mana)Delineation Drilling at Mana's Siou Sector Confirms Minerali...
3/20/2013Siou Deep Drilling Opens South Extension Potential
3/12/2013(Samira Hill)to Include a Non-Cash Impairment Charge for Samira Hill in t...
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
4/16/2008Q1 PRODUCTION EXCEEDS GUIDANCE
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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