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Last C$3.07 CAD
Change Today +0.11 / 3.72%
Volume 1.5M
SMF On Other Exchanges
Symbol
Exchange
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As of 4:00 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

semafo inc (SMF) Snapshot

Open
C$3.02
Previous Close
C$2.96
Day High
C$3.09
Day Low
C$2.92
52 Week High
09/4/14 - C$4.90
52 Week Low
10/31/14 - C$2.39
Market Cap
902.8M
Average Volume 10 Days
2.4M
EPS TTM
C$0.11
Shares Outstanding
294.1M
EX-Date
12/27/13
P/E TM
21.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for SEMAFO INC (SMF)

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semafo inc (SMF) Details

SEMAFO Inc. operates as a mining company with gold production and exploration activities in West Africa. It operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou and Fofina. The company was formerly known as West Africa Mining Exploration Corporation Inc. and changed its name to SEMAFO Inc. in May 1997. SEMAFO Inc. was founded in 1994 and is headquartered in Saint-Laurent, Canada.

984 Employees
Last Reported Date: 03/12/15
Founded in 1994

semafo inc (SMF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$438.8K
Chief Financial Officer
Total Annual Compensation: C$254.0K
Vice President of Mining Operations
Total Annual Compensation: C$302.7K
Vice President of Exploration & Mining Geolog...
Total Annual Compensation: C$275.6K
Vice-President of Engineering & Construction
Total Annual Compensation: C$217.8K
Compensation as of Fiscal Year 2014.

semafo inc (SMF) Key Developments

SEMAFO Inc. Reports Unaudited Consolidated Production and Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

SEMAFO Inc. reported unaudited consolidated production and earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported production of gold of 66,000 ounces compared to 72,700 ounces a year ago. For the quarter, the company reported revenues ­ gold sales of $81,115,000 compared to $87,761,000 a year ago. Operating income was $22,824,000 compared to $20,665,000 a year ago. Net income from continuing operations attributable to equity shareholders was $19,719,000 compared to $12,974,000 a year ago. Diluted earnings per share from continuing operations were $0.07 compared to $0.05 a year ago. Adjusted net income from continuing operations attributable to equity shareholders was $15,579,000 compared to $13,273,000 a year ago. Adjusted basic earnings per share from continuing operations were $0.05 compared to $0.05 a year ago. Cash flows from operating activities from continuing operations were $40,748,000 compared to $37,618,000 a year ago. Operating cash flows per share from continuing operations were $0.14 compared to $0.14 a year ago. Income before income taxes was $24,497,000 compared to $20,337,000 a year ago. Net income attributable to equity shareholders was $19,719,000 or $0.07 per basic and diluted share compared to $3,022,000 or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $32,076,000 compared to $48,829,000 a year ago. Acquisitions of property, plant and equipment were $17,484,000 compared to $18,092,000 a year ago. For the six months, the company reported production of gold of 131,200 ounces compared to 107,800 ounces a year ago. For the quarter, the company reported revenues ­ gold sales of $155,131,000 compared to $126,234,000 a year ago. Operating income was $34,031,000 compared to $5,986,000 a year ago. Net income from continuing operations attributable to equity shareholders was $11,605,000 compared to $31,000 a year ago. Diluted earnings per share from continuing operations were $0.04. Adjusted net income from continuing operations attributable to equity shareholders was $23,789,000 compared to $445,000 a year ago. Adjusted basic earnings per share from continuing operations were $0.08. Cash flows from operating activities from continuing operations were $73,301,000 compared to $39,760,000 a year ago. Operating cash flows per share from continuing operations were $0.26 compared to $0.14 a year ago. Income before income taxes was $26,515,000 compared to $5,377,000 a year ago. Net income attributable to equity shareholders was $11,605,000 or $0.04 per basic and diluted share compared to net loss attributable to equity shareholders of $11,308,000 or $0.04 per basic and diluted share a year ago. Net cash provided by operating activities was $64,825,000 compared to $42,789,000 a year ago. Acquisitions of property, plant and equipment were $35,371,000 compared to $35,754,000 a year ago.

SEMAFO nnounces Results from an Ongoing Drilling Program at Natougou

SEMAFO announced results from an ongoing 10,000 meter 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 resources. A new mineralized area, dubbed the Southwest Extension, has returned values of up to 10.29 g/t Au over 10 meters at depths varying from 8 to 131 meters. The target area measures approximately 200 meters wide and remains open towards the west and northwest. Phase I of the 2015 reverse-circulation proximal exploration was launched on July 1 with a program of 2,070 meters in 14 holes. The Phase I program had the objective of exploring previous 2015 drilling intersections in holes TPA0102, TPA0103, TPA0104, TPA0224, and TPA0226, which had returned interesting values of up to 10.82 g/t Au over 10 meters within a shear zone outside the resource pit shell. The 14-hole program was designed to provide a better understanding of the geometry of the shear zone while establishing the potential for proximal mineralization that could eventually be included in the resources base. Results show that gold mineralization was obtained within a 200-meter wide corridor of the structure that seems to trend roughly northwest. The corridor remains open towards the northwest. At this stage, additional closer spaced drilling will be necessary to establish the relationship between the Southwest Extension and the main BSZ. The shear zone was not encountered in holes TPA0355 and TPA0376, possibly due to the presence of an intrusive body, and was not present in TPA0402 since the zone is interpreted to reach surface to the northwest. An additional 3,000-meter drill program is being planned to test the lateral continuity towards the west and the northwest in addition to reducing the spacing within the known mineralized area. In addition, the 10,000-meter proximal program will include follow-up exploration towards the east and north of the resource pit. A number of holes are also scheduled to explore the potential of the hangingwall structures previously identified by Orbis Gold in 2014. For core drilling, all individual samples represent approximately one meter in length of core, which was sawn in half. Half of the core is kept on site for reference, and its counterpart is sent for preparation and gold assaying to the SGS Minerals Services laboratories of Ouagadougou, Burkina Faso. For RC drilling, all individual samples represent approximately one meter in length of rock chips homogenized and riffle-split to an approximately 2 kg subsample that is sent for preparation and gold assaying to the SGS Minerals Services laboratories of Ouagadougou. Each sample is fire-assayed for gold content on a 50-gram sub-sample. In addition to SGS's own QA/QC (Quality Assurance/Quality Control) program, an internal QA/QC program is in place throughout the sampling program, using blind duplicates, blanks and recognized industry standards.

SEMAFO Announces Results of Delineation Drilling Program on Natougou Deposit

SEMAFO announced that it has received results for 60% of the recently completed delineation drilling program, at 40 meter by 40 meter spacing, on the Natougou deposit (Boungou Shear Zone). Results are in line with expectations, showing local variations in grade without any significant change in the geometry of the deposit. The program, which is designed to upgrade the previous in-pit estimated inferred resources into the indicated category ahead of the feasibility study, consisted of 21,630 meters in 227 reverse-circulation ‘RC’ and diamond drill holes, using up to four rigs. All holes were drilled using an RC rig from the collar to approximately 20 meters above the expected position of the Boungou Shear Zone. The remainder of the holes was completed by core drilling in order to improve understanding of the geology and the sampling of the mineralized zones. All planned holes were completed successfully, and samples have been sent to the SGS Minerals Services assay lab in Ouagadougou for gold analysis. SEMAFO remains on track to complete the feasibility study on Natougou early in the second quarter of 2016. The additional 17,000-meter in-fill drill program is already underway in the southwest part of the deposit with the aim of converting a portion of the indicated resources to the measured category.

 

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SMF

Industry Average

Valuation SMF Industry Range
Price/Earnings 24.7x
Price/Sales 2.2x
Price/Book 1.2x
Price/Cash Flow 6.1x
TEV/Sales 1.4x
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