MONTREAL, Sept. 4 /CNW Telbec/ - Semafo Inc. (TSX: SMF) is pleased to
announce that the new larger ball mill is now in full operation at its Mana
mine in Burkina Faso, with a throughput rate reaching 4,000 tonnes per day.
This represents an increase of almost 100 percent over the smaller ball mill
"Once again, we are delighted with the progress of operations at Mana,"
said Benoit Desormeaux, Semafo's Executive Vice-President and COO. "The new
ball mill was expected to reach plant throughput of 4,000 tonnes per day by
the beginning of September and we are pleased to confirm that we have attained
this significant milestone."
"The operating team effectively managed and maintained production, not
only during the installation of the larger ball mill, but through a
particularly heavy rainy season," said Benoit La Salle, President and CEO.
"The efforts and commitment of our operating team, as part of our growth
strategy, resulted in another monthly production record of 10,200 ounces of
gold in August at Mana."
The company's total production for the month of August represents a new
corporate record of 20,000 ounces of gold.
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 to 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 www.sedar.com. The Company disclaims any obligation
to update or revise these forward-looking statements, except as required by
For further information:
For further information: SEMAFO: Benoit La Salle, President & CEO, (514)
744-4408, firstname.lastname@example.org; Renmark: Maurice Dagenais:
email@example.com; Jason Roy: firstname.lastname@example.org, (514)
939-3989, Fax: (514) 939-3717; www.renmarkfinancial.com