Salient MLP & Energy Infrastructure Fund (the 'Fund?) (NYSE: SMF) announced today its net asset value as of July 29, 2011 and provided an update on the investment of net proceeds from its initial public offering. As of July 29, 2011 the Fund′s net assets were $147.8 ...
Consistent Values and Widths Confirm High-Grade Mineralization
MONTREAL, QUEBEC -- (Marketwire) -- 07/18/11 -- SEMAFO (TSX: SMF) is pleased to provide an update on ongoing delineation drilling at Mana's Fofina area, a deposit that was discovered in 2010. Reverse-circulation ('RC') delineation drilling at 25-meter intervals was carried out within the core of the zone in May 2011. To date, we are in receipt of 64 percent of assay results which continue to suggest a high-grade mineralization with some similarities to the gold-producing Nyafe deposit located 3 kilometers east of Fofina (ref. Figure 1). While some assays remain pending, current data supports our original interpretation which remains consistent with the position of most of the new intersections.
Gold Sales for the Quarter Increase 15% Year over Year to $100.4 Million
MONTREAL, QUEBEC -- (Marketwire) -- 07/06/11 -- SEMAFO (TSX: SMF) today announced that the Corporation produced a total of 63,800 ounces of gold in the second quarter 2011, including record production of 47,800 ounces at the Mana mine in Burkina Faso. This compares to SEMAFO's production of 60,000 ounces of gold in the first quarter of 2011 and 68,300 ounces in the second quarter 2010. Gold production at Mana increased 6% over the first quarter 2011 and 5% compared to the same period last year.
Consistent wide gold mineralizations with zone remaining open in all directions
MONTREAL, QUEBEC -- (Marketwire) -- 06/28/11 -- SEMAFO (TSX: SMF) announced today that follow-up drilling has more than doubled the strike length of the gold mineralization to more than 1.5 kilometers on its recently discovered Yaho Zone. Initial drilling (reference SEMAFO's press release dated March 3, 2011) identified a continuous strike length over 600 meters. Follow-up drilling has extended the gold zone to the south and to the north with a total current strike length of more than 1.5 kilometers. The Yaho Zone remains open on strike and at depth.
Mana Underground Development Receives Green LightMONTREAL, QUEBEC -- (Marketwire) -- 05/30/11 -- SEMAFO (TSX: SMF) today announced its first quarter financial and operating results for the three-month period ended March 31, 2011. All amounts are in US dollars unless otherwise stated.
Kona Infill Drilling Confirms Mineralization Distribution
MONTREAL, QUEBEC -- (Marketwire) -- 05/12/11 -- SEMAFO (TSX: SMF) announced today that recent drilling over the Wona SW zone demonstrates multiple opportunities to further expand underground reserves from those reported in the Mana Underground Feasibility Study. Core drilling values including hole WDC256, which returned 4.17 g/t Au over 32 meters in an area formerly expected to be outside the mineralized zone. Furthermore, results from the in-progress infill drilling program over the Kona open pit area confirmed ore distribution.
MONTREAL, QUEBEC -- (Marketwire) -- 04/18/11 -- SEMAFO (TSX: SMF) today confirmed that recently reported unrest in Burkina Faso has not caused any disruptions to normal course operations at its Mana Mine. In the event of a change to normal course operations at the mine, SEMAFO will issue a press release.
Gold Sales for the Quarter Up 25% Year Over Year to $79.4 Million
MONTREAL, QUEBEC -- (Marketwire) -- 04/11/11 -- SEMAFO (TSX: SMF) today announced a total gold production of 60,000 ounces for the first quarter 2011 compared to 65,800 ounces for the same period in 2010. Production at Mana totaled 45,000 ounces for the quarter, an increase of 9% over to the same period last year.
MONTREAL, QUEBEC -- (Marketwire) -- 03/31/11 -- SEMAFO (TSX: SMF) today announced completion of the Wona Underground feasibility study ('FS'), further confirming the economic viability of an underground mining operation at its Mana property in Burkina Faso. Gold production from the underground mine is estimated at 942,600 recoverable ounces at a
Record Production - Revenues - Net Income - Cash MarginsMONTREAL, QUEBEC -- (Marketwire) -- 03/16/11 -- SEMAFO (TSX: SMF) today announced its financial and operational results for the fourth quarter and year ended December 31, 2010. All amounts are in US dollars unless otherwise stated.
MONTREAL, QUEBEC -- (Marketwire) -- 03/15/11 -- SEMAFO (TSX: SMF) today announced that the board of directors of SEMAFO has approved the adoption of a shareholder rights plan ('Rights Plan') for which shareholder approval will be sought at the Corporation's annual and special meeting of shareholders to be held on May 10, 2011.
Up to 80-meter-Wide Continuous Mineralization Over 600-Meter Strike Length and Remaining Open in All Directions
MONTREAL, QUEBEC -- (Marketwire) -- 03/10/11 -- SEMAFO (TSX: SMF) today announced the discovery of the new Yaho gold zone, located 4.5 kilometers southwest of the Fofina zone and 20 kilometers southwest of the Mana Mill. Three Reverse Circulation ('RC') drilling sections were carried out to date across this wide alteration zone with each section returning wide, significant grade intervals such as 2.27 g/t Au across 54 meters (hole MRC10-540 - section 15450N), 2.00 g/t Au across 20 meters (hole MRC10-542 - section 15450N), 1.37 g/t Au across 16 meters (hole MRC10-514 - section 15650N), 4.59 g/t Au (10.73 g/t Au uncut) across 10 meters (hole MRC10-526 - section 15850N), and 1.88 g/t Au across 88 meters (hole MRC10-529 - section 15850N).