|Bid||2.7500 x 0|
|Ask||2.7600 x 0|
|Day's Range||2.7050 - 2.8200|
|52 Week Range||2.2400 - 5.7500|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||18.58|
|Earnings Date||Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.55|
Today we'll look at SEMAFO Inc. (TSE:SMF) and reflect on its potential as an investment. Specifically, we'll consider...
MONTREAL , Nov. 11, 2019 /CNW Telbec/ - SEMAFO Inc. (SMF.TO) (SMF.TO) ("SEMAFO") reports that over the weekend we began transportation of people by helicopter from the Boungou Mine site. Benoit Desormeaux , President and CEO of SEMAFO states: "Many of the people on-site need to be home with their families and to recover from last week's incident. Myself and most of our senior management team are in-country ensuring all those affected are getting the support they require.
Relatives of people killed and survivors from an attack this week on a bus convoy of mine workers in Burkina Faso were increasingly angry on Saturday at what they said was a lack of support from authorities and the mining company. Hundreds of relatives, friends and colleagues of the victims waited for hours to recover their bodies from a morgue in the capital Ouagadougou, as a procession of vehicles made its way to cemeteries across the city. Authorities said 38 people were killed in the attack, one of the deadliest in years in the West African country.
Australian mining services provider Perenti Global Ltd said on Friday that 19 of its employees were among the more than three dozen people killed in the ambush of a convoy ferrying hundreds of workers near a Canadian-owned mine in Burkina Faso. Gold miner Semafo Inc said five of its buses with a military escort came under fire on Wednesday on the road to its Boungou mine in the eastern region of Est. Perenti said 20 of its employees were also hospitalised in the attack.
(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterUnidentified assailants attacked a convoy transporting workers of Canadian gold producer Semafo Inc. in Burkina Faso, killing at least 38 people, the government said.The deaths come as West African governments battle a widening insurgency by Islamist militants and at a time when gold producers and prospectors are pouring money into the region as prices rally. The conflict has displaced more than half a million people in Burkina Faso, according to the United Nations, and led to increasing discontent with how President Roch Marc Christian Kabore’s government is handling the situation.Five buses transporting employees, contractors and suppliers were ambushed Wednesday on a road between the eastern town of Fada and Semafo’s Boungou mine, the Montreal-based company said in a statement. The incident happened about 40 kilometers (25 miles) away from the Boungou site. While the mine’s operations are unaffected, they were suspended out of respect for the victims and to ensure operational safety, Semafo said.The convoy was hit by a “complex attack,” in which 33 people were wounded, Burkina Faso’s government spokesman said by phone, revising down an earlier injury toll of 60. The state will provide further details later on Thursday, while Semafo said it will issue an update “when complete details are known.”Semafo’s stock fell as much as 7.2% to C$3.24 in Toronto on Thursday, the lowest since February. Shares in Australia’s Perenti Global Ltd. also slumped after it said members of its workforce in Burkina Faso were involved in the incident.The attack is the third related to Semafo in the past 15 months, after two incidents last year left at least seven people dead. It prompted President Kabore to call on a “general mobilization” of men and women to push back the militants.No one claimed responsibility for the assault, but Islamist insurgents and militants linked to al-Qaeda and the Islamic State have carried out several attacks on security forces and civilians in West Africa in the past five years, killing almost 700 people.Burkina Faso was largely stable until Islamist insurgencies in neighboring Mali came under increasing pressure from French and Malian counter-terrorism troops, resulting in cross-border raids and the spread of violence in some of the nation’s poorest provinces.(Updates with mine supension, president’s comments in third and sixth paragraphs.)\--With assistance from Victoria Batchelor and Justina Vasquez.To contact the reporters on this story: Simon Gongo in Ouagadougou at firstname.lastname@example.org;Katarina Hoije in Abidjan at email@example.comTo contact the editors responsible for this story: Andre Janse van Vuuren at firstname.lastname@example.org, Joe Richter, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MONTREAL , Nov. 7, 2019 /CNW Telbec/ - SEMAFO Inc. (SMF.TO) (SMF.ST) ("SEMAFO") provides an update on yesterday's attack on the public road between Fada and the Boungou Mine site in the Est region of Burkina Faso . The convoy, escorted by military personnel, comprised five buses transporting SEMAFO national employees, contractors and suppliers. Information from Burkina Faso authorities, currently has 37 fatalities and 60 wounded.
Thirty-seven civilians were killed and more than 60 wounded when gunmen ambushed a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, regional authorities said on Wednesday. The attack is the deadliest in recent years as the military struggles to contain Islamist violence that has overrun parts of Burkina Faso, located in west Africa. Semafo tightened security last year following armed incidents near two of its mines in the country.
MONTREAL , Nov. 6, 2019 /CNW Telbec/ - SEMAFO Inc. (SMF.TO) (SMF.ST) ("SEMAFO") regrets to report there was an attack on the road between Fada and the Boungou Mine site in the Est region of Burkina Faso . The convoy, escorted by military personnel, comprised five buses transporting SEMAFO national employees, contractors and suppliers. The Company would like to express its sincere sympathy to families of the victims in addition to its firm support of Burkina Faso's security forces.
SEMAFO: Cash Flow from Operating Activities before Changes in non-Cash Working Capital of $50 Million
MONTREAL , Sept. 16, 2019 /CNW Telbec/ - SEMAFO (SMF.ST) (SMF.ST) today announced that the 2019 exploration budget for the Karankasso portion of the Bantou Project has been set at $5 million . With the addition of the $5-million provision for Karankasso, the 2019 exploration budget for the Bantou Project increases to US$16 million , and SEMAFO's 2019 total exploration spend to $32 million . The objective of the 2019 Karankasso program is to identify new mineralization that can be delineated and added to the resources base in 2020, in line with our objective of reaching 2.5 - 3.0 million ounces of resources by the end of 2020.
SEMAFO: Cash Flow from Operating Activities before Changes in non-Cash Working Capital of $74 Million
Canada's main stock index fell on Tuesday, hurt by a slide in energy and financial sectors amid heightened trade tensions between the United States and China. * At 9:47 a.m. ET (1347 GMT), the Toronto Stock Exchange's S&P/TSX Composite index was down 115.68 points, or 0.71%, at 16,155.98. * The trade war between the world's top economies remained close to boiling point in the past two sessions and have roiled global financial stocks after China let the onshore yuan break through the key 7 per dollar level for the first time since the global financial crisis.
MONTREAL , Aug. 5, 2019 /CNW Telbec/ - SEMAFO Inc. (SMF.ST) (SMF.ST) reports that there was a pit wall failure at Mana in the Wona pit. A pit wall failure occurred on Friday, and our team has been working diligently on assessing the impact. Currently, we are mining in the southern part of Wona pit.
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