Last C$3.96 CAD
Change Today +0.03 / 0.76%
Volume 2.2M
As of 4:05 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

semafo inc (SMF) Snapshot

Open
C$3.93
Previous Close
C$3.93
Day High
C$3.96
Day Low
C$3.90
52 Week High
03/17/14 - C$4.93
52 Week Low
06/26/13 - C$1.23
Market Cap
1.1B
Average Volume 10 Days
2.1M
EPS TTM
C$-0.07
Shares Outstanding
275.0M
EX-Date
12/27/13
P/E TM
--
Dividend
--
Dividend Yield
0.51%
Current Stock Chart for SEMAFO INC (SMF)

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semafo inc (SMF) Details

SEMAFO Inc. operates as a mining company with gold production and exploration activities in West Africa. It operates the Mana Mine in Burkina Faso, which includes the satellite deposits of Siou and Fofina. The company was formerly known as West Africa Mining Exploration Corporation Inc. and changed its name to SEMAFO Inc. in May 1997. SEMAFO Inc. was founded in 1994 and is headquartered in Saint-Laurent, Canada.

Founded in 1994

semafo inc (SMF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$420.0K
Executive Chairman
Total Annual Compensation: C$225.0K
Chief Financial Officer
Total Annual Compensation: C$228.4K
Vice President of Mining Operations
Total Annual Compensation: C$296.0K
Vice President of Exploration & Mining Geolog...
Total Annual Compensation: C$271.5K
Compensation as of Fiscal Year 2013.

semafo inc (SMF) Key Developments

SEMAFO Inc. Reports Unaudited Consolidated Financial and Operational Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Production and CapEx Guidance for the Year 2014

SEMAFO Inc. reported unaudited consolidated financial and operational results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues - gold sales of $50,771,000 against $84,519,000 a year ago. Operating loss was $8,407,000 against operating income of $23,932,000 a year ago. Net loss from continuing operations attributable to equity shareholders was $7,098,000 against net income from continuing operations attributable to equity shareholders of $15,246,000 a year ago. Diluted loss per share from continuing operations was $0.03 against diluted income per share from continuing operations of $0.06 a year ago. Cash flow from operating activities from continuing operations was $16,197,000 against $38,301,000 a year ago. Operating cash flow per share from continuing operations was $0.06 against $0.14 a year ago. Total net loss attributable to equity shareholders was $18,798,000 against $28,811,000 a year ago. Diluted loss per share was $0.07 against $0.10 a year ago. For the full year, the company reported revenues - gold sales of $226,618,000 against $287,209,000 a year ago. Operating income was $18,942,000 against $66,471,000 a year ago. Net loss from continuing operations attributable to equity shareholders was $9,227,000 against net income from continuing operations attributable to equity shareholders of $14,927,000 a year ago. Diluted loss per share from continuing operations was $0.03 against diluted income per share from continuing operations of $0.05 a year ago. This is primarily due to a decrease in production and a lower average realized selling price per ounce of gold, which fell by $277 per ounce compared to 2012. Cash flow from operating activities from continuing operations was $77,562,000 against $113,944,000 a year ago. Operating cash flow per share from continuing operations was $0.28 against $0.42 a year ago. Total net loss attributable to equity shareholders was $85,222,000 against $14,795,000 a year ago. Diluted loss per share was $0.31 against $0.05 a year ago. Net cash provided by operating activities was $75,753,000 against $154,656,000 a year ago. Acquisitions of property, plant and equipment was $109,119,000 against $152,820,000 a year ago. Adjusted operating income from continuing operations was $18,942,000 against $83,469,000 a year ago. Adjusted net income from continuing operations attributable to equity shareholders was $10,373,000 against $51,845,000 a year ago. Adjusted basic earnings per share from continuing operations were $0.04 against $0.19 a year ago. Capital expenditures at Siou reduced to $12.5 million from $25.0 million. For the fourth quarter of 2013, the company produced gold ounces at Mana of 35,700 against 45,600 a year ago. For the full year of 2013, the company produced gold ounces at Mana of 158,600 against 172,700 a year ago. The company announced that SEMAFO's 2014 production guidance has been established at between 200,000 and 225,000 ounces of gold, representing a 34% increase over 2013 gold production. The total cash cost guidance is between $695 and $745 per ounce, a 7% decrease from 2013. Increased production and lower operating costs are expected as a result of mining the high-grade Siou and Fofina deposits. The company anticipates achieving the full mining rate at Siou during the second quarter and advancing the Fofina deposit to production in the third quarter of 2014. In 2015, it expects a full year of production at Siou and Fofina, which will have a significant positive impact on Mana's overall production. The company announced that in terms of investments, SEMAFO's 2014 sustaining capital expenditures budget has been established at $31 million representing stripping costs for the mining of four pits, while a non-recurring amount of $18 million in growth capital expenditures has been allocated for the development of Siou and Fofina. The corporation plans to invest $18 million in a robust exploration program that will focus on the Siou intrusive area, located approximately 20 kilometers east of the Mana processing plant.

SEMAFO Inc. Presents at John Tumazos Very Independent Research Metals and Mining Conference, Mar-31-2014 09:45 AM

SEMAFO Inc. Presents at John Tumazos Very Independent Research Metals and Mining Conference, Mar-31-2014 09:45 AM. Venue: Westin Grand Central Hotel, 212 E 42nd St, New York, New York, United States. Speakers: Robert Lavalliere, Vice President of Investor Relations.

SEMAFO's Pompoi Nord Permit Reveals Promising 15-Kilometer Geochemical Anomaly Trend

SEMAFO announced that ongoing auger drilling on the newly acquired Pompoi Nord permit revealed gold geochemical anomalies along the east contact of the Siou intrusive. These new anomalies, which overlap with the North Apex soil anomalies, show a continuous linear trend over more than 15 kilometers that remains open in both directions. Auger drilling was initiated on the Pompoi Nord permit in order to explore the interpreted east contact of the Siou intrusive. The current auger program, which includes approximately 40,000 meters of drilling over both the Pompoi Nord and the Bara permits, is expected to be completed in the first half of 2014. On Pompoi Nord, auger drilling reaches the saprolite, which is generally between five and 20 meters below the surface. Aanomalies appear to follow the east contact of the intrusive, which is parallel to the Kokoi shear zone, host to the Siou deposit. Ongoing geological mapping along the east contact revealed both shearing and sericite alteration similar to that observed at Siou. Individual auger drilling assay results range up to 1,020 ppb, and although higher values are important, the continuity and the strike length of the trend make it a top priority target for follow-up reverse-circulation drilling in 2014. SEMAFO also announced that the milling of ore from the high-grade Siou deposit has commenced. Four shovels, one loader and 15 trucks are currently active on the first bench of the Siou open pit. Since the beginning of activities at Siou in late December 2013, approximately three million tonnes of waste and 30,000 tonnes of ore have been moved. The Corporation expects to attain the full mining rate from Siou in the second quarter of 2014. The 17-kilometer road from Siou to the processing plant is almost finished, with only a few culverts yet to be completed.

 

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Valuation SMF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 2.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.9x
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