SEMAFO Releases Second Quarter 2014 Results
Full Mining Rates at Siou and Fofina Result in Production of 72,700 Ounces Cash Flow from Operations of $38 Million
MONTREAL, QUEBEC-- Aug 7, 2014 - SEMAFO (SMF.TO)(SMF.ST) today reported its financial and operating results for the three-month period ended June 30, 2014. All amounts are in US dollars unless otherwise stated.
Second Quarter 2014 in Review
As a result of reworking our mine plan sequence in the first quarter, we delivered the expected strong second quarter in terms of production and total cash costs by achieving the full mining rate at Siou and Fofina.
- Gold production of 72,700 ounces at a cash operating cost1 of $475 per ounce compared to 41,500 ounces at $604 per ounce for the same period in 2013
- Gold sales of $87.8 million, a 63% increase compared to the same quarter in 2013
- Published: 07 August 2014
- Written by Editor