MONTREAL, le 13 sept. /CNW Telbec/ - SEMAFO (TSX - SMF) today announced
the appointment of Mr. Michel Labonté to the position of Assistant General
Manager and Mine Manager of its Mana gold project located in Burkina Faso.
Mr. Labonté, who is already on site, will report directly to the Chief
Operating Officer, Mr. Benoit Desormeaux. He will be responsible for all
on-site activities and will oversee a staff of some 425 employees. His
appointment is evidence of SEMAFO's ongoing commitment to develop and maintain
an efficient and effective, fully integrated operations team.
Mr. Labonté is an industry veteran with over 30 years of experience with
companies such as Falconbridge and Placer Dome including an assignment for
Barrick where he was stationed in Africa. He most recently served as General
Manager, Operation with Alexis Minerals Corporation where he successfully
contributed to the development of the Lac Herbin project. He holds a degree in
Mineral Technologies and Mining Operations.
"Michel Labonté brings to the Mana gold project a wealth of experience in
the mining industry, making him a valuable addition to our operating team."
said Benoit La Salle, Semafo's President and Chief Executive Officer. "Michel
will play an integral role ensuring that Mana delivers its full potential."
Mana mine construction continues to progress on time and within budget
with commissioning scheduled to commence in December. Construction updates
will continue to be provided monthly. Site photography is updated and can be
viewed via the internet at www.semafo.com.
Semafo is a Canadian-based mining company conducting exploration,
development and production activities in West Africa. The Company currently
operates two gold mines, the Kiniero mine in Guinea and the Samira Hill mine
in Niger. A third mine, the Mana gold project in Burkina Faso, is under
construction with plant commissioning scheduled for December 2007. Semafo is
committed to evolve conscientiously to become a major player in its
geographical area of interest, while maintaining values 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 FINANCIAL COMMUNICATIONS INC.: Tina
Cameron: email@example.com; Christopher Wells:
firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717,