Burkina Faso:Construction of Boungou Mine 87% Complete

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Burkina FasoConstruction of Boungou Mine 87% Complete

SEMAFO Inc. (TSX:SMF) (OMX:SMF) has announced that construction of the Boungou Mine in Burkina Faso is 87% complete, with first gold scheduled to be poured early in the third quarter of 2018.

In a first step towards this milestone, the Corporation began commissioning activities on dry plant equipment this week.

Over the coming weeks, as construction continues, the crushing and reclaim circuit equipment required for initial production will undergo testing. The power plant, which was over 90% complete at the end of February, has been partially operational since early March.

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SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa.

The Corporation operates the Mana Mine in Burkina Faso, which includes the high-grade satellite deposit of Siou, and is targeting production start-up of the Boungou Mine in the third quarter of 2018.

SEMAFO’s strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.