Semafo Inc. (T:SMF)

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Business Focus: Gold Mining

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Sep 04, 2018 09:02 ET
SEMAFO Achieves Commercial Production at Boungou
SEMAFO Inc. (TSX, OMX: SMF) is pleased to announce that commercial production has been achieved at its Boungou Mine in Burkina Faso, effective September 1, 2018. Commercial production was declared when operations reached the internal commercial...
Aug 20, 2018 10:29 ET
SEMAFO Updates on Security in Burkina Faso
SEMAFO Inc. (TSX, OMX: SMF) announces an update on its security measures in Burkina Faso following two armed incidents last week. The Mana and Boungou Mines continue to operate without interruption. Boungou MineThe transport of personnel and...
Aug 17, 2018 09:48 ET
SEMAFO: Armed Incident in Bobo Area
SEMAFO Inc. (TSX:SMF) (OMX:SMF) regrets to report that a bus transporting employees from the town of Bobo-Dioulasso to the Mana Mine in Burkina Faso was shot at by armed bandits this morning. In the exchange of fire between the policemen and...
Aug 13, 2018 11:09 ET
SEMAFO: Armed Incident in Est Region
SEMAFO Inc. (TSX, OMX: SMF) regrets to report that an armed incident occurred between the town of Fada and the Boungou Mine site in the Est region of Burkina Faso. As a result, five gendarmes and one sub-contractor employee lost their lives....
Aug 07, 2018 17:00 ET
SEMAFO: Cash Flow from Operations of $15.8 Million in Second Quarter 2018
SEMAFO Inc. (TSX:SMF) (OMX:SMF) today reported its financial and operational results for the three-month period ended June 30, 2018.  All amounts are in US dollars unless otherwise stated. Second Quarter 2018 - in Review • Gold production of...
Jul 18, 2018 07:00 ET
SEMAFO Provides Notice of Second Quarter 2018 Results Release and Conference Call
SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on August 8, 2018 at 08:00 AM EST with senior management during which they will review the Corporation's second quarter 2018 financial and operational results.  SEMAFO's...
Jun 28, 2018 13:24 ET
SEMAFO Pours First Gold at Boungou Mine
SEMAFO Inc. (TSX:SMF) (OMX:SMF) is pleased to report that it has completed its first gold pour at the Boungou Mine in Burkina Faso, slightly ahead of the original schedule. The first pour yielded approximately 325 ounces of gold. Dry and wet...
Jun 21, 2018 11:10 ET
SEMAFO Announces Retirement of VP, Exploration & Mine Geology; Announces Geology Team Succession
SEMAFO Inc. (TSX:SMF) (OMX:SMF) announces the retirement of Mr. Michel Crevier as Vice-President, Exploration and Mine Geology and Qualified Person, effective June 30, 2018. Mr. Crevier will remain available to the Corporation on a consulting...
May 30, 2018 07:08 ET
SEMAFO Reports Contractor Fatality at Mana
SEMAFO Inc. (TSX:SMF) (OMX:SMF) regrets to report that an employee of a local contractor passed away yesterday from injuries sustained during an accident at the Mana Mine in Burkina Faso. The accident occurred when the individual, who was driving a...
May 24, 2018 08:00 ET
SEMAFO Signs Underground Mining Services Contract with AUMS
SEMAFO Inc. (TSX:SMF) (OMX:SMF) reports that it has signed a mining services contract with African Underground Mining Services (“AUMS”) to provide turnkey mining services for Siou underground. AUMS is a well-known and reputable mining contractor...
May 17, 2018 07:00 ET
SEMAFO: Boungou First Ore Expected in May and First Gold Pour in June
SEMAFO Inc. (TSX:SMF) (OMX:SMF) is pleased to announce that commissioning of the Boungou Mine process plant is underway, with the first ore scheduled to be introduced to the mill circuit by month-end. We now expect to achieve the first gold pour at...
May 11, 2018 07:30 ET
SEMAFO Announces Re-Election of Directors
SEMAFO (TSX:SMF) (OMX:SMF) announces that at its Annual General Meeting of Shareholders held on May 10, 2018, all directors nominated in the 2018 management proxy circular were re-elected. A total of 233,580,184 common shares or 71.75% of our...
May 08, 2018 17:00 ET
SEMAFO: Cash Flow from Operations of $18.4 Million in First Quarter 2018
SEMAFO Inc. (TSX:SNF) (OMX:SMF) today reported its financial and operational results for the three-month period ended March 31, 2018.  All amounts are in US dollars unless otherwise stated. First Quarter 2018 - in Review • Gold production of...
Apr 19, 2018 07:00 ET
Mar 22, 2018 07:00 ET
SEMAFO: Construction of Boungou Mine 87% Complete
Dry Plant Commissioning Underway
Mar 06, 2018 17:00 ET
SEMAFO Reports Cash Flow from Operations of $107 Million in 2017 
Net Income Attributable to Equity Shareholders of $20.0 Million
Feb 15, 2018 19:28 ET
SEMAFO Provides 2018 Outlook
MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF) today announced 2018 production and cost guidance for its Mana and Boungou Mines in Burkina Faso. All amounts are in US dollars unless otherwise stated.
Feb 15, 2018 19:23 ET
SEMAFO: Positive Mana PFS and Reserve Additions at Mana and Boungou
5-Year Average Target of 413,000 Ounces of Annual Production, AISC $696
Feb 09, 2018 10:00 ET
SEMAFO: Early Warning News Release
MONTREAL, Feb. 09, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF) reports that it has subscribed to 33,333,333 common shares of Savary Gold Corp. (TSXV:SCA) ("Savary") at a price of $0.06 per common share for an aggregate subscription...
Feb 01, 2018 07:30 ET
Quarterly Activities Report for the Period Ended 31 December 2017
TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Cardinal Resources Limited (ASX:CDV) (TSX:CDV) (“Cardinal” or “the Company”), an African gold focused exploration company, is pleased to present to shareholders its Quarterly Activities report for the period ended 31 December...
Jan 22, 2018 17:07 ET
SEMAFO: Q4 and Annual 2017 Production and Costs in Line
Boungou 80% Complete - Continues on Time, on Budget
Dec 20, 2017 07:00 ET
SEMAFO: Construction of Boungou Mine 75% Complete
MONTREAL, Dec. 20, 2017 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX, OMX: SMF) today announced that construction of the Boungou Mine in Burkina Faso was 75% complete and remains on-budget for commissioning in the third quarter of 2018.
Dec 05, 2017 07:00 ET
SEMAFO Announces Appointment of VP Corporate Development and Investor Relations
MONTREAL, Dec. 05, 2017 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF) is pleased to announce the appointment of John Jentz, (CA, CPA) as Vice President, Corporate Development and Investor Relations, effective December 4, 2017. Mr. Jentz will report...
Nov 23, 2017 15:45 ET
SEMAFO Mourns Passing of Board Chairman Jean Lamarre
MONTREAL, Nov. 23, 2017 (GLOBE NEWSWIRE) -- SEMAFO (TSX:SMF) (OMX:SMF) announces with sadness the passing of Mr. Jean Lamarre, Chairman of the Board of Directors of the Corporation, on November 22, 2017 following a short illness. Mr. Lamarre...
Nov 08, 2017 07:00 ET
SEMAFO: Cash Flow from Operations of $34.9 Million in Third Quarter 2017
MONTREAL, Nov. 08, 2017 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended September 30, 2017.  All amounts are in US dollars unless otherwise stated....
Nov 08, 2017 07:00 ET
Oct 31, 2017 07:00 ET
SEMAFO Provides Notice of Third Quarter 2017 Results Release and Conference Call
SEMAFO (TSX: SMF)(OMX: SMF) invites you to participate in a conference call on November 8, 2017 at 10:00 AM EST with senior management during which they will review the Corporation's third quarter 2017 financial and operational results.
Oct 31, 2017 06:58 ET
SEMAFO Provides Notice of Third Quarter 2017 Results Release and Conference Call
SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on November 8, 2017 at 10:00 AM EST with senior management during which they will review the Corporation's third quarter 2017 financial and operational results. ...
Sep 18, 2017 07:00 ET
SEMAFO: Good Reconciliation to Reserves Continues at Zone 9
Note to editors: There are photos associated with this press release.
Sep 18, 2017 06:58 ET
SEMAFO: Good Reconciliation to Reserves Continues at Zone 9
Note to editors: There are photos associated with this press release. SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced that ore mined from Zone 9 in the third quarter continues to provide good reconciliation to reserves....
Aug 09, 2017 07:00 ET
SEMAFO Delivers Cash Flow from Operations of $23.6 Million in Second Quarter 2017
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended June 30, 2017. All amounts are in US dollars unless otherwise stated.
Aug 09, 2017 06:58 ET
SEMAFO Delivers Cash Flow from Operations of $23.6 Million in Second Quarter 2017
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended June 30, 2017. All amounts are in US dollars unless otherwise stated. Second Quarter 2017 - in Review...
Jul 17, 2017 07:00 ET
SEMAFO: Construction of Boungou Mine on Schedule
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today announced that construction of the Boungou Mine in Burkina Faso was progressing well and is on-budget for commissioning of the open-pit mine in the second half of 2018.
Jul 17, 2017 06:58 ET
SEMAFO: Construction of Boungou Mine on Schedule
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced that construction of the Boungou Mine in Burkina Faso was progressing well and is on-budget for commissioning of the open-pit mine in the second half of 2018. As at June 30, 2017, the following...
Jul 06, 2017 07:00 ET
SEMAFO Announces Q2 2017 Production
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today announced that gold production for the three-month period ended June 30, 2017 totalled 47,600 ounces of gold. The Mana Mine processed 675,500 tonnes at an average grade of 2.31 g/t Au in the quarter, including 194,100 tonnes of low-grade material at an average grade of 0.72 g/t Au.
Jul 06, 2017 06:58 ET
SEMAFO Announces Q2 2017 Production
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced that gold production for the three-month period ended June 30, 2017 totalled 47,600 ounces of gold. The Mana Mine processed 675,500 tonnes at an average grade of 2.31 g/t Au in the quarter, including...
Jun 20, 2017 07:00 ET
SEMAFO Draws on Incremental $60 Million Credit Facility and Receives Mining Convention for the Boungou Mine
SEMAFO Inc. (TSX: SMF)(OMX: SMF) announces that it has drawn down the incremental $60 million of the credit facility with Macquarie Bank Limited for a total drawdown of $120 million. The recent visits to the Mana and Boungou Mine sites by Macquarie Bank Limited were key conditions for drawing down the incremental $60 million. The credit facility is repayable in eight equal quarterly installments of $15 million, starting March 31, 2019. Accessing the additional funds allows SEMAFO to maintain a high level of financial flexibility.
Jun 20, 2017 06:58 ET
SEMAFO Draws on Incremental $60 Million Credit Facility and Receives Mining Convention for the Boungou Mine
SEMAFO Inc. (TSX:SMF)(OMX:SMF) announces that it has drawn down the incremental $60 million of the credit facility with Macquarie Bank Limited for a total drawdown of $120 million. The recent visits to the Mana and Boungou Mine sites by Macquarie...
May 05, 2017 14:30 ET
SEMAFO Announces Re-Election of Directors
SEMAFO (TSX: SMF)(OMX: SMF) announces that at its Annual General Meeting of Shareholders held on May 4, 2017, all directors nominated in the 2017 management proxy circular were re-elected. A total of 238,039,880 common shares or 73.27% of our issued and outstanding common shares were represented in person or by proxy at the meeting.
May 05, 2017 14:28 ET
SEMAFO Announces Re-Election of Directors
SEMAFO (TSX:SMF)(OMX:SMF) announces that at its Annual General Meeting of Shareholders held on May 4, 2017, all directors nominated in the 2017 management proxy circular were re-elected. A total of 238,039,880 common shares or 73.27% of our issued...
May 03, 2017 07:00 ET
SEMAFO Delivers Cash Flow from Operations of $23.1 Million in First Quarter 2017
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended March 31, 2017. All amounts are in US dollars unless otherwise stated.
May 03, 2017 06:58 ET
SEMAFO Delivers Cash Flow from Operations of $23.1 Million in First Quarter 2017
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended March 31, 2017. All amounts are in US dollars unless otherwise stated. First Quarter 2017 - in Review...
Apr 26, 2017 07:00 ET
SEMAFO Provides Notice of First Quarter 2017 Results Release and Conference Call
SEMAFO (TSX: SMF)(OMX: SMF) invites you to participate in a conference call on May 3, 2017 at 10:00 AM EDT with senior management during which they will review the Corporation's first quarter 2017 financial and operational results.
Apr 26, 2017 06:58 ET
SEMAFO Provides Notice of First Quarter 2017 Results Release and Conference Call
SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on May 3, 2017 at 10:00 AM EDT with senior management during which they will review the Corporation's first quarter 2017 financial and operational results. ...
Apr 24, 2017 07:53 ET
SEMAFO Reports Q1 2017 Production
SEMAFO Inc. (TSX:SMF)(OMX:SMF) announced today gold production for the three-month period ended March 31, 2017 and the revision of its 2017 guidance. First Quarter Operations During the first quarter of 2017, the Mana Mine produced...
Apr 24, 2017 07:53 ET
SEMAFO Reports Q1 2017 Production
SEMAFO Inc. (TSX: SMF)(OMX: SMF) announced today gold production for the three-month period ended March 31, 2017 and the revision of its 2017 guidance.
Mar 08, 2017 07:00 ET
SEMAFO Reports Cash Flow from Operations of $142.2 Million in 2016
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the fourth quarter and year ended December 31, 2016. All amounts are in US dollars unless otherwise stated.
Mar 08, 2017 06:58 ET
SEMAFO Reports Cash Flow from Operations of $142.2 Million in 2016
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the fourth quarter and year ended December 31, 2016. All amounts are in US dollars unless otherwise stated. 2016 - The Year in Review...
Feb 27, 2017 07:00 ET
SEMAFO Reports 2016 Reserves and Resources
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today announced its updated mineral reserves and resources as of December 31, 2016.
Feb 27, 2017 06:58 ET
SEMAFO Reports 2016 Reserves and Resources
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced its updated mineral reserves and resources as of December 31, 2016. Reserves & Resources - Overview Total proven and probable mineral reserves stand...
Feb 01, 2017 07:00 ET
SEMAFO: 2016 Production and Cost Guidance Achieved
SEMAFO Inc. (TSX: SMF)(OMX: SMF) reports full-year 2016 production results of 240,200 ounces at a total cash cost of $548 and all-in sustaining cost of $720 per ounce at its Mana Mine. As a result, the Corporation has met its production guidance for the ninth consecutive year.
Feb 01, 2017 06:58 ET
SEMAFO: 2016 Production and Cost Guidance Achieved
SEMAFO Inc. (TSX:SMF)(OMX:SMF) reports full-year 2016 production results of 240,200 ounces at a total cash cost of $548 and all-in sustaining cost of $720 per ounce at its Mana Mine. As a result, the Corporation has met its production guidance for...
Dec 22, 2016 15:30 ET
SEMAFO Awarded Mining Permit for Natougou Project
SEMAFO Inc. (TSX: SMF)(OMX: SMF) is pleased to announce the Council of Ministers of the Government of Burkina Faso has approved its mining permit application for the Natougou Gold Project.
Dec 22, 2016 15:28 ET
SEMAFO Awarded Mining Permit for Natougou Project
SEMAFO Inc. (TSX:SMF)(OMX:SMF) is pleased to announce the Council of Ministers of the Government of Burkina Faso has approved its mining permit application for the Natougou Gold Project. Receipt of the mining permit enables development of...
Dec 05, 2016 07:00 ET
SEMAFO: Natougou Proximal Exploration Enhances Property Potential
SEMAFO (TSX: SMF)(OMX: SMF) today announced results from an ongoing proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone (BSZ) proximal to the current in-pit reserves. Based on the results to date, the Corporation now plans:
Dec 05, 2016 06:58 ET
SEMAFO: Natougou Proximal Exploration Enhances Property Potential
SEMAFO (TSX:SMF)(OMX:SMF) today announced results from an ongoing proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone (BSZ) proximal to the current in-pit reserves. Based on the...
Nov 09, 2016 07:00 ET
SEMAFO Delivers Cash Flow of $39.3 Million in Third Quarter 2016
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended September 30, 2016. All amounts are in US dollars unless otherwise stated.
Nov 09, 2016 06:58 ET
SEMAFO Delivers Cash Flow of $39.3 Million in Third Quarter 2016
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended September 30, 2016. All amounts are in US dollars unless otherwise stated. Third Quarter 2016 - in Review...
Oct 26, 2016 07:00 ET
SEMAFO Provides Notice of Third Quarter 2016 Results Release and Conference Call
SEMAFO (TSX: SMF)(OMX: SMF) invites you to participate in a conference call on November 9, 2016 at 10:00 AM EST with senior management during which they will review the Corporation's third quarter 2016 financial results.
Oct 26, 2016 06:58 ET
SEMAFO Provides Notice of Third Quarter 2016 Results Release and Conference Call
SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on November 9, 2016 at 10:00 AM EST with senior management during which they will review the Corporation's third quarter 2016 financial results.  SEMAFO's...
Sep 14, 2016 07:00 ET
SEMAFO Resumes Development of Wona North
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today announced it had resumed development of the Wona North pit at its Mana Mine in Burkina Faso. A total of 2.3 million tonnes of waste material will be extracted this year from the Wona North pit. The Corporation expects to increase its annual mining capacity to 40 million tonnes for the next three years in order to produce over 200,000 ounces of gold per year at Mana.
Sep 14, 2016 06:58 ET
SEMAFO Resumes Development of Wona North
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced it had resumed development of the Wona North pit at its Mana Mine in Burkina Faso. A total of 2.3 million tonnes of waste material will be extracted this year from the Wona North pit. The...
Aug 31, 2016 07:00 ET
Changed Number of Shares and Votes in SEMAFO
SEMAFO (TSX: SMF)(OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:
Aug 10, 2016 07:00 ET
SEMAFO: Cash Flow From Operations of $37.4 Million in Second Quarter 2016
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended June 30, 2016. All amounts are in US dollars unless otherwise stated.
Aug 10, 2016 06:58 ET
SEMAFO: Cash Flow From Operations of $37.4 Million in Second Quarter 2016
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended June 30, 2016. All amounts are in US dollars unless otherwise stated. Second Quarter 2016 - in Review...
Jul 29, 2016 07:00 ET
Changed Number of Shares and Votes in SEMAFO
SEMAFO (TSX: SMF)(OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:
Jul 27, 2016 07:00 ET
SEMAFO Provides Notice of Second Quarter 2016 Results Release and Conference Call
SEMAFO (TSX: SMF)(OMX: SMF) invites you to participate in a conference call on August 10, 2016 at 10:00 AM EDT with senior management during which they will review the Corporation's second quarter 2016 financial results.
Jul 27, 2016 06:58 ET
SEMAFO Provides Notice of Second Quarter 2016 Results Release and Conference Call
SEMAFO (TSX:SMF)(OMX:SMF) invites you to participate in a conference call on August 10, 2016 at 10:00 AM EDT with senior management during which they will review the Corporation's second quarter 2016 financial results. SEMAFO's...
Jun 30, 2016 07:00 ET
Changed Number of Shares and Votes in SEMAFO
SEMAFO (TSX: SMF)(OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:
Jun 20, 2016 07:00 ET
SEMAFO Reports Results of Delineation Drilling at Yama
SEMAFO (TSX: SMF)(OMX: SMF) today announced delineation drilling results from Yama, the recently discovered mineralized zone located 22 kilometers southwest of the Mana mill. Over 2,500 meters of in-fill drilling were completed in May at 25-meter by 50-meter grid spacing. Results of up to 2.23 g/t across 28 meters were obtained that will be incorporated in the Yama maiden reserves estimate now scheduled for completion by the end of the third quarter of 2016.
Jun 20, 2016 06:58 ET
SEMAFO Reports Results of Delineation Drilling at Yama
SEMAFO (TSX:SMF)(OMX:SMF) today announced delineation drilling results from Yama, the recently discovered mineralized zone located 22 kilometers southwest of the Mana mill. Over 2,500 meters of in-fill drilling were completed in May at 25-meter by...
May 31, 2016 07:00 ET
Changed Number of Shares and Votes in SEMAFO
SEMAFO (TSX: SMF)(OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:
May 13, 2016 09:30 ET
SEMAFO Announces Re-Election of Directors
SEMAFO (TSX: SMF)(OMX: SMF) announces that at its Annual General Meeting of Shareholders held on May 12, 2016, all directors nominated in the 2016 management proxy circular were re-elected. A total of 222,815,641 common shares or 80.05% of our issued and outstanding common shares were represented in person or by proxy at the meeting.
May 13, 2016 09:28 ET
SEMAFO Announces Re-Election of Directors
SEMAFO (TSX:SMF)(OMX:SMF) announces that at its Annual General Meeting of Shareholders held on May 12, 2016, all directors nominated in the 2016 management proxy circular were re-elected. A total of 222,815,641 common shares or 80.05% of our issued...
May 11, 2016 07:00 ET
SEMAFO: Cash Flow From Operations of $35.2 Million in First Quarter 2016
SEMAFO Inc. (TSX: SMF)(OMX: SMF) today reported its financial and operational results for the three-month period ended March 31, 2016. All amounts are in US dollars unless otherwise stated.
May 11, 2016 06:58 ET
SEMAFO: Cash Flow From Operations of $35.2 Million in First Quarter 2016
SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reported its financial and operational results for the three-month period ended March 31, 2016. All amounts are in US dollars unless otherwise stated. First Quarter 2016 - in Review...
Mar 30, 2016 08:18 ET
SEMAFO Signs $120 Million Credit Facility
SEMAFO Inc. (TSX: SMF)(OMX: SMF) announces that it has executed the previously announced $120 million credit facility ("Facility") with Macquarie Bank Limited ("Macquarie"). The Facility is repayable in quarterly repayments of $15 million, from first quarter of 2019 to fourth quarter of 2020. Proceeds from the Facility will be used for the construction of the Natougou project located in Burkina Faso. The Facility, which bears interest at LIBOR plus 4.75%, replaces the Corporation's previous $90 million credit facility, $30 million of which was repaid on March 3, 2016.
Mar 30, 2016 08:17 ET
SEMAFO Signs $120 Million Credit Facility
SEMAFO Inc. (TSX:SMF)(OMX:SMF) announces that it has executed the previously announced $120 million credit facility ("Facility") with Macquarie Bank Limited ("Macquarie"). The Facility is repayable in quarterly repayments of $15 million,...
Mar 09, 2016 07:00 ET
SEMAFO Reports Cash Flow From Operations of $147.6 Million in 2015
SEMAFO Inc. (TSX: SMF)(OMX: SMF) reported its financial and operational results for the fourth quarter and year ended December 31, 2015. All amounts are in US dollars unless otherwise stated.