|Traded as||TSX: SMF|
|Benoit Desormeaux, CPA, CA (CEO) Martin Milette, CPA, CA (CFO)|
SEMAFO Inc. is a Canadian-based mining company with gold production and exploration activities in West Africa. The name SEMAFO is an acronym for "Mining Exploration Society in West Africa". Its headquarters are based in Montreal, Canada. The Corporation currently owns and operates the Mana Mine in Burkina Faso, the third-largest gold mine in Burkina Faso, and plans to start production at the Boungou Mine in the second quarter of 2018. The company is listed on the Toronto stock exchange, as well as on the Nasdaq OMX in Stockholm.
The Mana Mine is located about 250 kilometers west of Ouagadougou and includes the high-grade Siou deposit. The mineral resource is located within the Houndé volcano-sedimentary belt, which is formed by Paleoproterozoic rocks belonging to the Birimian basement rock. The development of an underground mine at Siou is underway with full production expected in the first quarter of 2020.
The Boungou Mine is located 320 kilometers east of Ouagadougou and the mineral resource is found in the Diapaga volcano-sedimentary belt, which also belongs to the Birimian basement rock.
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