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SEMAFO INC                                                                           

(SMF-T C$ 2.04)

Semafo has 3 operating mines, 1,800 employees, and mineral resources ("measured" and "indicated") of  4.3 million ounces and an "inferred" mineral resources of 2.6 million ounces.

The Company successfully completed the start-up and commissioning of the Mana mine in 2008 to add to its gold production: 195,400 oz., with a cash operating cost of $461/oz.

Gold sales total $169,911,000 - with an average selling price of $858/oz. Net income in 2008 was $39,529,000, with total cash-flow from operating activities: $56,339,000.

In 2009., the company is forecasting gold production of 220,000 − 240,000 oz, which would be an increase of 20-25% (with estimated cash costs of $350/oz). Its exploration budget for 2009 is $5 million. 

Market Cap: 388.47

Shares Outstanding: 153.73

Float: 152.20

Semafo Presentation:

http://www.semafo.com/download/march_2009.pdf

Semafo News Release:

http://www.semafo.com/press_releases_details.php?id=220

http://www.semafo.com/press_releases_details.php?id=219