SEMAFO

SEMAFO’s corporate vision – establish enduring relationships with the countries in which we operate and through our experience, expertise and financial acumen, partner to responsibly develop natural resources – showcases the Canadian company’s association of sustainable development with geological and mining development. The spirit of this mission forms a thread that runs throughout our history. In 1993, Benoit La Salle, founder of SEMAFO, was on a philanthropic mission in Africa whe... n the authorities in Burkina Faso proposed that he return in order to help realise the untapped mineral potential in the country. SEMAFO, which results from the amalgamation of three small exploration companies, was incorporated two years later in order to launch the mining sector in Burkina Faso. The name SEMAFO is an acronym for Société d’Exploration Minière en Afrique de l’Ouest, the French version of our former name “West Africa Mining Exploration Corporation”. From the outset, the Corporation’s modus operandi was closely aligned with the founder’s humanitarian vision of West Africa as evidenced by an early corporate commitment: “We are committed to conducting our business activities in a manner that promotes sustainable development and an improvement in the social welfare of the regions in which we operate.” This dual mission remains at the core of our business and took deeper roots through the 2008 establishment of SEMAFO Foundation, a non-profit, stand-alone charitable organisation that supports communities and offers an improved quality of life to regions where SEMAFO is present. Through its three-pronged approach – education, healthcare and income-generating - the Foundation aims to help local communities reach their greatest potential. By guiding communities in income-generating activities, the Foundation ensures that stakeholders will continue to benefit from our legacy even when the company’s mining activities will have ceased. In a history that spans some twenty years, SEMAFO has successfully commissioned three gold mines in several jurisdictions in West Africa and produced more than two million ounces in gold. Our in-house development, construction, operational, administrative and government relations teams, all of whom are fluent French speakers, draw from more than a decade of operating experience in West Africa. Our success has been governed by the values we practice: respect and integrity, excellence, know-how and teamwork. Our portfolio has evolved and simplified since 1995 when we held 19 exploration permits in four West African countries. In 1995, Les Minéraux SGV S.A., a company in which we were a 50% equity partner, purchased a two-year prospecting permit for the Jean Gobélé project in Guinea. With the financial support and technical expertise of our then major shareholder Managem S.A., and in collaboration with our co-licensee Corporation Minière Afcan, the project was advanced from exploration, site development and mine construction until its first gold pour on April 25, 2002. The name of the mine was subsequently changed to the Kiniero gold mine, which we operated for eleven years. In 2013, the mine was deemed a non-core asset and placed in care and maintenance until its 2014 divestiture to a local mining company. In 1999, we entered Niger by setting up la Société des Mines du Liptako S.A. (SML). Through the support of Managem, we advanced the Libiri and Samira Hill gold deposits through development, mine construction and to commercial production in October 2004. We operated the Samira Hill Mine for nine years, improving plant availability and capacity, and enabling the mine to produce over 540,000 ounces of gold before its 2013 disposal to SOPAMIN. Mana, which lies at the heart of SEMAFO’s history, was a grassroots discovery that has now evolved into the third-largest gold mine in Burkina Faso. We advanced this project from satellite image interpretation through detailed exploration, site development and mine construction to its first gold pour in March 2008. Since then, we have expanded the processing plant four times. Since November 1999, we have drilled more than 1.2 million metres on the extensive Mana property that boasts a total surface area of over 2,675 square kilometres on the Houndé Gold Belt. In 2014, the Corporation marked another milestone when it took the high-grade Siou deposit from blind discovery to production in a mere 18 months, thereby boosting Mana production and reserve grade. Our history shows we have been a pioneer in many aspects in West Africa. The original gold mine operator in Niger, SEMAFO also spearheaded foreign direct investment in the gold mining sector in Burkina Faso, and remains the only mining company in Burkina Faso to establish a non-profit foundation and pledge up to 2% of its net profits to support its efforts in the community. Following its 2015 acquisition of 13 Orbis permits, SEMAFO’s property portfolio reached 7,600 square kilometers, comprising one of the most extensive land positions in Burkina Faso. Our strategy of quality ounces, cost control and optimisation programs, and disciplined exploration at Mana took us into a new phase of development in 2014, allowing us to generate free cash flow even in a soft gold environment. Driven by the performance of our recently ramped-up high-grade Siou and Fofina deposits, we produced 234,300 ounces at a total cash cost of $649 per ounce in 2014, thus meeting production guidance for the seventh consecutive year. Although we take pride in our solid financial, operational and community report cards, we remain focused on future expansion of our heritage. Our commitment to building an ethical, reputable, world-class gold company through a combination of exploration, development and acquisition remains undimmed.
SEMAFO
Social Links:
Industry:
Mining Technology Precious Metals
Founded:
1993-01-01
Address:
Saint Laurent, Quebec, Canada
Country:
Canada
Website Url:
http://www.semafo.com
Total Employee:
1001+
Status:
Active
Contact:
(514)744-4408
Email Addresses:
[email protected]
Total Funding:
257.26 M USD
Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible SPF SSL By Default Google Font API LetsEncrypt Apple Mobile Web Clips Icon WordPress Domain Not Resolving Apache
Similar Organizations
Glencore
Glencore operates various commodity industries include coal, copper, cotton, grain and oilseeds, nickel and zinc.
Current Advisors List
Current Employees Featured
Founder
Stock Details
Investors List
Macquarie Bank
Macquarie Bank investment in Post-IPO Debt - Semafo
Official Site Inspections
http://www.semafo.com
- Host name: 234.113.212.35.bc.googleusercontent.com
- IP address: 35.212.113.234
- Location: United States
- Latitude: 38.6583
- Longitude: -77.2481
- Timezone: America/New_York

More informations about "Semafo"
Semafo - Crunchbase Company Profile & Funding
SEMAFO, which results from the amalgamation of three small exploration companies, was incorporated two years later in order to launch the mining …See details»
SEMAFO | Gold Investments Made Easy
SEMAFO Gold has been on the cutting edge of the precious metals market for almost 2 decades. We use our knowledge, experience, and market research to help educate and equip every day …See details»
Un nouveau chapitre s’ouvre pour Semafo - La Presse
Endeavour To Combine with SEMAFO to create a …
Mar 23, 2020 SEMAFO Inc. is a Canadian-based intermediate gold producer with over twenty years’ experience building and operating mines in West Africa. SEMAFO Inc. operates two mines, the Mana and Boungou Mines in Burkina …See details»
SEMAFO Inc. - LinkedIn
SEMAFO Inc. | 31,897 followers on LinkedIn. INTERNATIONAL EXPERTISE, HUMAN ADVOCACY | SEMAFO is a Canadian-based intermediate gold producer with over twenty years' experience building and ...See details»
Semafo Inc Company Profile | Saint-Laurent, QC, Canada
Company Description: SEMAFO may be based in Canada, but it mines all of its gold in West Africa. The company produces precious metals at its ever-expanding Mana Mine permit in …See details»
Semafo Company Profile 2024: Valuation, Investors, …
Semafo Inc is a Canadian mining company with gold production and exploration activities in Burkina Faso. The company's main operations are in Boungou, Burkina Faso, and Mana, Burkina Faso. Boungou is a relatively new …See details»
Semafo Company Profile - Office Locations, Competitors, Revenue …
Jul 6, 2020 Semafo is a mining company involved in the exploration, development, and operation of gold properties. The Company operates the Mana Mine in Burkina Faso, which …See details»
Semafo Inc Company Profile - Semafo Inc Overview - GlobalData
Semafo Inc (Semafo) is an intermediate gold producer, based in Canada. It offers mining and exploration services such as production of gold and exploration activities in West Africa. …See details»
Semafo - Company Profile & Staff Directory - ContactOut
SEMAFO’s corporate vision – establish enduring relationships with the countries in which we operate and through our experience, expertise and financial acumen, partner to responsibly …See details»
Canadian firm Endeavour Mining completes Semafo acquisition
Jul 3, 2020 With the merger completed, Semafo’s president and chief executive Benoit Desormeaux has joined Endeavour as president. Last month, Canadian authorities gave …See details»
Semafo - Products, Competitors, Financials, Employees, …
SEMAFO Stock Up 4.4 % The firm has a fifty day simple moving average of $3.47 and a 200-day simple moving average of $3.47. About SEMAFO SEMAFO Inc, a mining company, engages …See details»
Closing of Business Combination Between SEMAFO and …
MONTREAL, July 1, 2020 /CNW Telbec/ - SEMAFO Inc. (TSX: SMF) (OMX: SMF) ("SEMAFO") is pleased to announce the successful completion of the previously announced plan of …See details»
Semafo — Wikipedia Republished // WIKI 2
SEMAFO Inc. was a Canadian-based mining company with gold production and exploration activities in West Africa until 2020 when it was acquired by Endeavour Mining. The name …See details»
SEMAFO - Overview, News & Similar companies | ZoomInfo.com
SEMAFO contact info: Phone number: (514) 744-4408 Website: www.fondationsemafo.org What does SEMAFO do? SEMAFO Inc. was a Canadian-based mining company with gold …See details»
Semafo - Contacts, Employees, Board Members, Advisors
Semafo has 8 current employee profiles, including Vice-President, Corporate Development & Investor Relations John Jentz. Semafo has 12 board members and advisors, including Gilles …See details»
SEMAFO Inc – The Northern Miner
Dec 16, 2019 Semafo (TSX: SMF) has cut 2019 production guidance for its Mana mine in Burkina Faso by 40,000 to 50,000 oz. gold, following a pit-wall failure in the northern part of…See details»
SEMAFO Inc. - mindat.org
SEMAFO Inc. Corporate Social Responsibility. Mining companies that support the mission of mindat.org with premium level sponsorship can document their Corporate Social …See details»
What is SEMAFO? Company Culture, Mission, Values - Glassdoor
SEMAFO est un producteur d'or canadien de calibre intermédiaire qui cumule plus de vingt ans... Read more. Mission: SEMAFO s'est engagée à créer de la valeur par l'exploitation minière …See details»
What Is Semafor? - New York Magazine
2 days ago On Thursday evening, more than 1,000 flacks, hacks, and titans of industry gathered for a gala in the glass-ceilinged courtyard of the National Portrait Gallery in Washington, D.C. …See details»