Semafo
Guldpriset rockar på bra och det finns väl egentligen inte så mycket som talar mot fortsatt rock´n roll.
Semafo (SMF.TO) är en kanadensiskt guldjunior med tre gruvor i Burkina Faso, Niger respektive Guinea.
Häromveckan sattes den tredje gruvan i produktion. Fram mot sommaren beräknas cash flow /aktie vara ca 50 cent/aktie. Aktien handlas nu runt 1,35 Cad. Uppsidan förefaller riktigt, riktigt bra. Gruvbranschen är en ingen lätt bransch och riskerna skall inte nonchaleras.
Som en bonus sitter bolaget på en uranfyndighet i Niger, ett land i vilket man har mycket goda förbindelser med regeringen.
Som kuriosa i sammanhanget kan nämnas att VD´n för Semafo tillika är ordf i Plan International ..;-)
Aktiens tekniska läge är intresant.
Vh Björta
Saxat från JF
Här kommer första kommentaren från och om bolaget SEMAFO, det guldbolag JF:s 2 man starka analytikertrupp besökte nu under 4 dagar i BURKINA FASO. Denna lilla skrift kommer att följas upp. Varför?? Jo, Efter besöket hos VALKYRIES ett antal år sedan runt om i Ryssland (som Lupe sedan köpte) så har JF aldrig sett ett bolag av liknande vinnarkvalitet. En förutsättning: man måste tro på GULD framöver till dagens eller kanske ändå bättre pris (30% ned är också ok). Gör man det så har ni här en vinnare, på kort sikt (3-30 dagar), medellång sikt (30-300 dagar), lång sikt (300-2000 dagar) och ultralång sikt (3-15 år). Dvs bolaget med hängslen, livrem, tejp och ståltråd. Med andra ord inom guld ett andra berömt...
"Buy-buy".
Vi börjar med enkla korta "tal":
I tisdags startade man KOMMERSIELL skalproduktion av guld från MANA-gruvan i Burkina Faso(ett land som säkerhetsklassas pari med Brasilien). Man producerar redan i Guinea och Niger 40.000 resp 70.000 oz/år. Burkina på årsbasis (mine life ser ut att bli minst 15 år, kanske det dubbla senare visar sig rätt) bör kunna producera överblickbar tid 130-140.000 oz/år. = minimum totalt 250.000 oz/år från sept/2008 på årsbasis.
P/e-tal estimat(JF-modell): kurs JUST NU SEK 8.00(cad 1.40). Nettovinst på sista raden 2009 ser just nu ut att bli runt 3 sek/aktie vid guldpris på 925 usd/oz.. P/e bör ligga på 10-11 för ett bolag av denna klass.
PRODUKTIONSKOSTNAD 2008=425 usd/0z, 2009 och framåt usd 375. TOTALKOSTNAD (inkl capex och ALLT) per oz 550 för 2008 och sedan 500. Med guldpris på 900 (exempel) blir nettovinsten/oz alltså 2009 (från sept-08 årsbasis) usd 400/oz inkl royalties,skatter, allt).
Alltså:
JF-estimat för aktiekursen (konservativt i överkant)
2008 sept senast: 2.00, 31/12-08 2.50, 2009 31/12 4.75-5.25. Kurs just nu 1.26.
Bolaget är bra på allt och vidare text skall beskriva detta.
Man satt världsrekord i att från en platt savann på 14 månader ha en komplett up-and-running fullskaleproduktion i guld i Burkina Faso. Rimlig tid= 3 år. Man har som bolag bäst-possible-status i alla sina tre länder. Miljö-och personalfrågor är glimrande. Ledningsteamet på 25 pers i Burkina verkar vara bäst i världen.
Den trend man jobbar i i Burkina idag är 90 km lång (guldbälte). 9 km har man startat i varav knappt hälften utvinner man i. Den bergart man dagbrottbearbetar är en sorts lerberg som man bara skyfflar med grävskopa och lastar på sina 10 bamsetruckar. Ingen bergshantering alls. Guldhalter i mix i spannet 1,5-6 gr/ton med toppar på 42.
425 personer anställda i Burkina,, 600 i Niger och 500 i Guinea.
Bolaget har 214 milj aktier, skulder (leasing resp investeringar) 63,5 milj CAD. Man har alltid minst 10 MCAD i kassa.
Bolaget står för lejonparten av "sina" tre länders försörjning trots att resp länders royalties bara är 3-5,5%. Bolagsskatt tidigast 2010 pga upparbetade kostnader. Reserverna växer stadigt och är redan nu stora. Nästa rapport tar upp den frågan. Sannolik vinst, vid dagens guldpris, för 2008 kan vara 68milj CAD och för 2009 110 MCAD.
JF skulle vilja skriva en hel bok om Bolaget och Landet och det kanske blir så. SEMAFO är inte ett bara första klassens guldbolag. Det är så mycket mer för invånarna i landet, för landets ledning, för utveckling av guldproduktion, för el-framställning etc.
JF:s bedömning av SEMAFO:
Bolaget koras ÖVERLÄGSET till världens nr.1-guldbolag 2008 i termen:"FRÅN DAGENS KURS TILL DEN KURSEN MAN NÅR PÅ 2 ÅR FRÅN NU!"
Vh Björta
MONTREAL, April 15 /CNW Telbec/ - SEMAFO (TSX - SMF) today announced that gold production for the first quarter ended March 31, 2008 totalled 28,700 ounces, exceeding guidance by 4,200 ounces. Total production was comprised of 12,400 ounces and 16,300 ounces from the Kiniero from Samira Hill mines, respectively.
Favorable gold prices during the first quarter of 2008 resulted in gold sales averaging in excess of $900 per ounce. As previously reported, gold sales in the first quarter of 2007 averaged $661 per ounce.
The Company is maintaining its previously announced overall production guidance of between 165,000 and 185,000 ounces for 2008. In order to track mid-range for the year, production for the first six months must reach 66,000 ounces, hence 37,300 ounces for the current quarter ending June 30th. The increase in production over that of the first quarter is projected to come from the Company's new Mana mine, which recently completed its first gold pour.
Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Company's first quarter operating and financial results to be released mid-May.
Mvh H3NPHLO
Det där verkar ju vara ett intressant bolag! Har du köpt något Björta?
Mvh Silicon Valley
Jo, jag har varit med här ett tag. Började på 1,10 någonting och köpt på vägen upp. Det här är enligt de som kan räkna på den här typen av bolag ett kanoncase.
Jag har träffat VD´n, en stabil kille med goda relationer in i förvaltningarna i Niger och Burkina vilket är ett stort plus när man opererar i den här typen av länder.
Vh Björta
Har varit ett insiderköp senaste tiden;
Apr 24/08 La Salle, Benoit - Acquisition in the public market 300,000 $1.360
http://canadianinsider.com/coReport/allTransactions.php?ticker=smf
Mvh H3NPHLO
Här har vi en ganska intressant analys.
http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23118516&l=0&r=0&s=SMF&t=LIST
Passande target borde väl ligga minst i 4-5 dollars strecket i alla fall.
Mvh Silicon Valley
"In the business world, the rearview mirror
is always clearer than the windshield."
Rapporterar imorgon.
Vh Björta
#9
.../Bullboards/ känns ju som en objektiv del av inläggssidan...
:)
Mvh Corpsee
#11 Det viktigaste är att siffrorna är rätt. Sen spelar det väl ingen roll vem som skriver den.
Kanske förresten på tiden att du postar en egen analys av något slag corpsee. Jag menar så du kan visa resten av oss hur man gör.
Mvh Silicon Valley
"In the business world, the rearview mirror
is always clearer than the windshield."
#12
Varför? Du har ju så du klarar dig.
Mvh Corpsee
Sen du har någonting att klaga på hela tiden tycker jag att det är dags.
Mvh Silicon Valley
"In the business world, the rearview mirror
is always clearer than the windshield."
#14
Var knappast något klagomål.
Mvh Corpsee
suck, ta det via messen istället för att förstöra denna sträng!
Brukar köra röda strängar, missade det tyvärr denna gång. Skall inte upprepas ..
Vh Björta
Jag är trött på corpsens helt meningslösa kommentarer som tillför 0 värde och tänker absolut inte sända honom några privata mess.
Mvh Silicon Valley
"In the business world, the rearview mirror
is always clearer than the windshield."
Var väl inget meningslöst inlägg.
Du tar upp en chattsida inlägg (som heter Bullboards). Kunde vara värt att notera att det eventuellt inte är helt objektivt.
Mvh Corpsee
Inlägget är redigerat av författaren.
Som sagt corpsee jag skiter i vilken sida det är så länge siffrorna är rätt.
Mvh Silicon Valley
"In the business world, the rearview mirror
is always clearer than the windshield."
#10
Vet du vilken tid? Före/efter stängning?
Före. De har conference call kl 10 Eastern.
Vh Björta
Montreal, Quebec, May 1, 2008. - Semafo Inc. (TSX: SMF) will release its first quarter results for the period ended March 31, 2008 on May 14, 2008 and will host a conference call for the investor community to discuss the company?s financial results as well as to provide an update on operations.
Conference call:
Date: Thursday, May 15, 2008
Time: 10:00 AM (ET)
Tel. local & overseas: 1-416- 644-3422
Tel. North America: 1-800-594-3615
Replay information:
The conference call will be archived for replay until June 15, 2008. To access the archived conference call, please dial (877) 289-8525 and enter pass code 21270864 followed by the number sign (#).
Vh Björta
:-(
Jag läser som en kråka. CC är på torsdag kl 10.00 Eastern ... idag är det faktiskt bara onsdag.
Vh Björta
Inlägget är redigerat av författaren.
MONTREAL, May 14 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today reported its financial and operational results for the three-month period ended March 31, 2008. All amounts are in US dollars unless otherwise stated.
-------------------------------------------------------------------------
Highlights:
- Gold production of 28,700 ounces at a cash operating cost of $528 per
ounce for the first quarter of 2008, an 8% increase over the fourth
quarter of 2007.
- Record gold sales of $25,540,000 at an average selling price of
$906 per ounce for the first quarter of 2008, representing a 37%
increase over the same period last year. Previous quarter gold sales
totalled $21,044,000 at an average price of $819 per ounce.
- Operating income of $2,801,000 compared to $70,000 for the
corresponding period in 2007.
- Disposal of a subsidiary, resulting in a non-cash gain of $17,849,000.
- Net earnings of $12,502,000, or $0.06 per share, for the first quarter
of this year, including an unrealized loss of $7,807,000 resulting from
the change in fair value of derivative financial instruments.
- Operating cash flows of $6,143,000 for the first quarter of 2008,
representing a 60% increase over the same period last year.
- Start-up of the Mana mine in Burkina Faso and first gold pour.
- Kiniero is back to profitability in the first quarter of 2008, with
production of 12,400 ounces at a cash operating cost of $451 per ounce,
compared with an average cash operating cost of $707 per ounce in 2007.
The average cash operating cost for the fourth quarter of 2007 was
$882 per ounce.
-------------------------------------------------------------------------
A Word from the CEO
We are pleased with the organization's performance during this first
quarter of 2008 and proud of the work and individual contributions of the
entire Semafo team. The continuous improvement of our overall performance is
part of our ongoing commitment.
The first gold pour at our Mana mine in Burkina Faso took place on March
31, 2008. This gold pour marks the third time the Company has successfully
brought a West African gold project into production.
Our objective for the first quarter of 2008 was to produce 24,500 ounces
of gold from the Kiniero and Samira Hill mines. We exceeded this target with a
total production of 28,700 ounces.
We are committed to the continuous improvement of our overall performance
and have taken measures to streamline all areas of operations in order to
maximize opportunities. This diligent approach resulted in an operating income
of $2,801,000 for the first quarter of 2008, compared to $70,000 for the
corresponding period in 2007, reflecting an increase in the average realized
selling price, which was higher than the increase in operating costs. In the
current strong-growth market, controlling costs, increasing production and
minimizing the negative effects of our hedging contracts are all part of our
commitment to continuous improvement.
We appreciate that the Company's performance is a direct result of the
ongoing dedicated efforts of our employees and remain committed to being a
best practice company and an employer of choice. Leveraging skills, respect,
integrity, the search for excellence, competence and teamwork motivate us all
to excel. Semafo is a mining company committed to sustainable development in
the communities in which we operate, while increasing shareholder value.
Highlights of operations and consolidated financial results
Three-month periods
ending March 31
---------------------------
2008 2007
---------------------------
Gold ounces produced 28,700 29,000
Gold ounces sold 28,200 28,100
(In thousands of dollars, except amounts
per ounce, per tonne and per share)
Revenues - Gold sales 25,540 18,576
Operating costs 17,129 13,479
Operating income 2,801 70
Net income (loss) 12,502 (3,233)
Basic and diluted net income (loss) per share 0.06 (0.02)
Cash flows from operating activities (1) 6,143 3,871
Average selling price (per ounce) 906 661
Cash operating cost (per tonne processed) 27 23
Cash operating cost (per ounce produced) 528 450
Total cash cost (per ounce sold) 607 480
(1) Cash flow from operating activities excludes changes in non-cash
working capital items and settlement of liabilities related to asset
retirement obligations for property, plant and equipment.
Outlook
-------
During the month of April, we produced 4,300 ounces at Mana, 7,000 ounces at Samira Hill and 6,300 ounces at Kiniero, for a total production of 17,600 ounces of gold.
We are pleased with production to date and are confident that we will reach our targets, despite the fast-approaching rainy season. We are also satisfied with the diligent management of our operating costs per tonne, which remain below budget.
The 4,000 tonne-per-day ball mill has arrived at the Mana site, with commissioning scheduled for the third quarter. We therefore maintain our previously announced production target of between 165,000 and 185,000 ounces for 2008.
A conference call will be held at 10:00 a.m. on May 15, 2008 to discuss the quarterly results. Details to access the call can be found on the home page of the Company's website at www.semafo.com. Semafo's consolidated financial statements together with Management's Discussion and Analysis are available on its website or at www.sedar.com.
Mvh H3NPHLO
Bra PR med lite CSR där ja :)
Mvh H3NPHLO
En del insiderköp senaste månaden
Jun 19/08 Lefebvre, Jean-Pierre Direct Ownership Common Shares 10 - Acquisition in the public market 22,400 $1.290
Jun 12/08 Lefebvre, Jean-Pierre Direct Ownership Common Shares 10 - Acquisition in the public market 11,200 $1.280
Jun 12/08 Lefebvre, Jean-Pierre Direct Ownership Common Shares 10 - Acquisition in the public market 18,800 $1.270
Jun 11/08 Lefebvre, Jean-Pierre Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $1.300
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=smf
Mvh H3NPHLO
Inlägget är redigerat av författaren.
Guldet starkt och Semafo har tagit ny fart uppåt, 1,55 högst igår. Noteras väl nu strax under nacklinjen i uhs:en.
Skulle vara kul om den drog iväg och lämnar den här nivån. Ett kanoncase FA-mässigt. Men med juniors vet man aldrig ...
Vh Björta
SEMAFO reports net earnings of $11.7 million for the second quarter 2008
The Company delivered record results during the second quarter ended June 30, 2008, with gold sales of $44,826,000 representing an increase of 147% over the corresponding period in 2007. Gold production reached 54,500 ounces for the quarter, an increase of 80% over the same period last year. Highlights for the second quarter include:
- Gold production of 54,500 ounces
- Gold sales of $44,826,000 at an average selling price of $904 per ounce
- Cash operating cost of $394 per ounce
- Total cash cost of $455 per ounce
- Operating income of $13,822,000
- Net income of $11,681,000
- Cash flow from operating activities of $19,304,000
- Commencement of commercial production at the Mana mine in Burkina Faso
A Word from the CEO
With three mines in operation, 2008 marked the beginning of a turning point for the Company. Since the beginning of this year, the Company delivered profits in its three operations and has focused on maximizing the cash flow from operating activities. During the second quarter of 2008, cash flow from operating activities totalled $19,304,000, representing 188% of the operating cash flow generated during the entire 2007 year.
Despite the rapid rise of fuel and consumable costs, Semafo has reduced its cash operating cost by 17% to $394 per ounce for the second quarter of 2008 compared to $473 for the second quarter 2007. The total cash cost during the three-month period ending June 30, 2008 decreased 12% to $455 per ounce from $517 per ounce for the corresponding period in 2007.
The second quarter of 2008 marked the commencement of commercial production at the Mana mine in Burkina Faso, and the third time that Semafo has successfully brought a West African mine into operation. Furthermore, the Company achieved a 29% increase in gold production compared to the previous quarter at our Samira Hill and Kiniero mines.
Outlook
In July 2008, overall production totalled 18,000 ounces of gold;
7,800 ounces at Mana, 6,300 ounces at Samira Hill and 3,900 ounces at Kiniero.
At Mana, the new 4,000 tonne-per-day ball mill has been installed with
commissioning started at the end of July 2008.
Semafo is committed to increase shareholder value and remains confident
that it will meet its 2008 production target of between 165,000 and
185,000 ounces of gold.
A conference call will be held at 10:00 a.m. on Wednesday, August 13, 2008
to discuss the Company's quarterly results. Details to access the call can be
found on the home page of the Company's website at www.semafo.com. Semafo's
consolidated financial statements, together with Management's Discussion and
Analysis are available on its website or at www.sedar.com.
http://biz.yahoo.com/cnw/080812/e_semafo_q208_results.html?.v=1
Mvh H3NPHLO
Inlägget är redigerat av författaren.
Den rapporten skäms inte för sig.
Vh Björta
Montreal, September 4, 2008 - Semafo Inc. (TSX: SMF) is pleased to announce that the new larger ball mill is now in full operation at its Mana mine in Burkina Faso, with a throughput rate reaching 4,000 tonnes per day. This represents an increase of almost 100 percent over the smaller ball mill throughput.
"Once again, we are delighted with the progress of operations at Mana," said Benoit Desormeaux, Semafo?s Executive Vice-President and COO. "The new ball mill was expected to reach plant throughput of 4,000 tonnes per day by the beginning of September and we are pleased to confirm that we have attained this significant milestone."
"The operating team effectively managed and maintained production, not only during the installation of the larger ball mill, but through a particularly heavy rainy season," said Benoit La Salle, President and CEO. "The efforts and commitment of our operating team, as part of our growth strategy, resulted in another monthly production record of 10,200 ounces of gold in August at Mana."
The company?s total production for the month of August represents a new corporate record of 20,000 ounces of gold.
Mvh H3NPHLO
MONTREAL, October 7, 2008 - SEMAFO (TSX: SMF - News) today announced that gold production for the third quarter ended September 30, 2008 totaled 55,300 ounces, 26,800 ounces of which were produced at the newly constructed Mana mine.
"The Mana mine is making a strong contribution to our overall gold production results and Kiniero's operational turnaround has exceeded expectations," said Benoit Desormeaux, Executive Vice-President and COO. "Production remained strong during the third quarter, notwithstanding the challenges brought forth by the commissioning of the large ball mill at Mana. This is a testimony to the strength and determination of our operations teams."
"We remain committed to increase shareholder value and accelerate growth through the strategic management of our existing operations and the pursuit of opportunities that may arise as a result of current financial market volatility," said Benoit La Salle, President and CEO, "Despite a turbulent economic environment and the decline in the average spot price of gold during the three-month period, our average gold sale price was $850 per ounce in Q3. Our management and operations teams have delivered production results, which exceed guidance once again and we anticipate another solid quarter when our earnings results are released in mid-November."
Management has increased its 2008 annual production guidance to between 185,000 to 195,000 ounces of gold. This increase is mainly due to production gains at the Kiniero mine and the successful start-up of the Mana mine.
Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Company's third quarter operating and financial results to be released in mid-November, 2008.
Mvh H3NPHLO
Semafo Reports Net Earnings of $11.3 million for the Third Quarter 2008
Semafo, for a third consecutive quarter, delivered record results during
the three-month period ended September 30, 2008. Gold production totaled
55,300 ounces, a 170% increase over the corresponding period in 2007. Cash
flow from operating activities totaled $20,068,000, compared to $859,000 for
the same period last year. Highlights for the second quarter include:
- Gold production of 55,300 ounces
- Cash flow from operating activities of $20,068,000
- Gold sales of $51,147,000 at an average selling price of $864 per ounce
- Operating income of $11,959,000
- Net income of $11,366,000
- Total cash cost of $475 per ounce
- Cash operating cost of $456 per ounce
- Successful commissioning of the 4,000 tonne-per-day ball mill at Mana
- Achievement of specific milestones of the Mana construction credit
facility
A Word from the CEO
Semafo successfully delivered another solid operational and financial
performance during the third quarter of 2008.
Operationally, we achieved record production in Q3 with a total of 55,300
ounces of gold. Operating costs increased moderately during the third quarter
mainly due to the historically high cost of fuel and reduced head grades.
Despite these impediments, Semafo's total cash cost of $475 per ounce remained
below industry average.
Financially, the Company achieved a record cash flow from operations of
$20,068,000 for the quarter. The average selling price of gold was $864 per
ounce during the period, which resulted in an operating income of $11,959,000.
While pleased to be well-positioned in such a challenging economic
environment, our priority remains the diligent management and operation of our
three gold mines such that they continue to generate significant cash flow.
Semafo remains committed to increase shareholder value via the effective
management of our existing assets and the pursuit of opportunities that may
arise in West Africa.
Outlook
In October 2008, overall production totaled 19,400 ounces of gold; 10,000 ounces at Mana, 4,900 ounces at Samira Hill and 4,500 ounces at Kiniero.
Management anticipates ongoing stable production during the fourth quarter and accordingly, production guidance has been increased from the initial forecast of between 165,000 and 185,000 to between 185,000 and 195,000 ounces of gold for 2008.
A conference call will be held at 10:00 a.m. on Wednesday, November 12, 2008 to discuss the Company's quarterly results. Details to access the call can be found on the home page of the Company's website at www.semafo.com. Semafo's consolidated financial statements, together with Management's Discussion and Analysis, are available on its website or at www.sedar.com.
http://biz.yahoo.com/cnw/081111/e_semafo_3rdqr_2008.html?.v=1
På årsbasis gör nu Semafo en vinst på 24 cent (Cad) vilket innebär att aktien just nu handlas till strax under p/e 4 .....
Vh Björta
Sorgligt att skåda att aktíen i ett trist börsklimat backar 5% trots den fina rapporten :-(
h3, skall man vara petig så har vi ingen 1-2-3 i dagsdiagrammet. Mellan 2:an och 3:an får du ha högst tre staplar. Däremot gjorde din iakttagelse mig nyfiken att kika på vecka - och där återfinner man en klockren 1-2-3 botten.
Vh Björta
ahhh, tack Björta, man lär sig ngt nytt var dag :)
Ser även ute lite som en uhs
Mvh H3NPHLO
Funderar på att ta några positioner i semafo.
Är det någon som kan förklara detta?
Trots att Jennings prognostiserar med produktionsökning från 190 till 239 (000 oz) så antar de att EPS går ned från 0,2 till 0,11 EPS (US$). Guldpriset prognostiserar de gå från 854 dollar i 2008 till 819 dollar i 2009. Skulle den lilla skillnaden i guldpriset göra så stor inverkan på EPS? Eller är det något som ligger och spökar på kostnadssidan?
Jag tror i och för sig att de är helt ute och cyklar med lägre guldpris i 2009 än i 2008 men det är en annan sak.
Det som jag tycker om med semafo är att man kan anta en högre produktion samtidigt som man kan anta högre guldpris. Det ger ju en extremt bra hävstång(ja om guldet nu går upp).
6.82Summary of Financial and Operating Projections
YE:Dec. 31 - 2007A - 2008E - 2009E - 2010E
Production (000 oz) - 106 - 190 - 239 - 261
Gold price (US$/oz) - $703 - - $854 - $819 - $900
Cash costs (US$/oz) - $497 - $450 - $432 - $389
EPS (US$) - ($0.12) - $0.20 - $0.11 - $0.27
CFPS (US$) $0.05 - $0.26 - $0.33 - $0.53
P/E- 4.2x - 7.6x - 3.2x
P/CF-3.3x - 2.6x - 1.6x
NAV US$1.62
P/NAV0.5x
Någon som kan förklara nedgången i EPS i 2009 estimate?
Mvh Silicon Valley
"In the stockmarket, the rearview mirror is always clearer than the windshield"
Denna är riktigt intressant.
Från Jennings analys.
Good sensitivity to gold prices - a US$25/oz change in our gold price assumptions affects our adjusted NAV by US$0.10 and our estimated 2009 and 2010 financial estimates by US$0.02-US$0.03, respectively
Dvs en uppgång på US$ 100/oz mer än Jennings ger en addition på 0,08-0,12 på EPS i 2009 och 2010. Det ger ett EPS på ca 0,21 dollar i 2009 och 0,37 dollar i 2010.
Om detta händer så måste man skriva upp 12 month target med ganska mycket, i vart fall 30%. Då har vi target på 3,25 om 12 månader.
Vad händer med aktiekursen om guldet går upp ordentligt? Hehe ja då skall aktiekursen ganska långt upp. Om någon tror på 2000 dollar oz så får vi plussa på 1 dollar per EPS på semafo. Blir väl en aktiekurs på minst 8 dollar i alla fall om vi förhåller oss till Jennings siffror.
Uppsidan är riktigt stor om guldpriset skall upp.
Mvh Silicon Valley
"In the stockmarket, the rearview mirror is always clearer than the windshield"
#49
Ja det där förefaller mycket besynnerligt. Gissar att det är någon "bugg". Skall kolla med en person som har järnkoll på Semafo. Återkommer.
Vh Björta
Det låter bra Björta :-)
Mvh Silicon Valley
"In the stockmarket, the rearview mirror is always clearer than the windshield"
Ser att JFs fond udner hösten har köpt in sig i Semafo
FONDFAKTA
Stockpicker J.F Commodity Energy Fund
Fondens största innehav 2008-11-28
Ränteplaceringar SEK 42 %
Semafo 5,8%
Lundin Petroleum 5,0%
Petrobank 4,8%
Canadian Natural Resources 4,0%
Suncor 3,3%
http://www.stockpickerfonder.se/fakta.htm
Mvh H3NPHLO
Var gårdagens 17%-iga uppgång nyhetsdrivet? Guldet rörde sig ju inte anmärkningsvärt mycket.
igår var omsättningen 2 x den normala. Hittills idag är den nästan 3 x normal.
Ngt på G?
Mvh H3NPHLO
MONTREAL, Dec. 4 /CNW Telbec/ - SEMAFO (TSX: SMF - News) reported today that the Company produced a record 21,000 ounces of gold during the month of November, 2008. The Mana mine produced a record 11,000 ounces of gold during the month, representing a 10% increase over the previous month. Production from the Samira Hill and Kiniero mines totaled 6,400 and 3,600 ounces of gold respectively.
"The Mana mine continues to make a strong contribution to our overall gold production results," said Benoit Desormeaux, Executive Vice-President and COO. "These strong results are an ongoing demonstration of our operating team's ability to deliver production results that not only meet but exceed expectation, and will contribute to what we anticipate to be another solid quarter."
Management recently increased its 2008 annual production guidance to between 185,000 to 195,000 ounces of gold.
Mvh H3NPHLO
SEMAFO to Produce Up to 240,000 Ounces of Gold in 2009
MONTREAL, Jan. 29 /CNW Telbec/ - SEMAFO (TSX: SMF) today provided a
summary of its 2008 key operating highlights as well as the Company's
production outlook for 2009:
<<
- Gold production for 2008 totaled 195,500 ounces, establishing a
production record and exceeding SEMAFO's guidance of between 165,000
and 185,000 ounces of gold.
- Average cash operating cost for 2008 is expected to be approximately
$465 per ounce, which is in line with management's forecast and
represents an improvement of 7% over 2007.
- SEMAFO's 2009 annual production plan is established at between 220,000
and 240,000 ounces of gold, an increase of approximately 18% over 2008.
- Average cash operating cost for 2009 is estimated to be between $435
and $475 per ounce.(1)
- Capital expenditures for 2009 are expected to be $13 million; including
$4 million for the first phase of the Mana expansion project.
(1) The average cash operating cost is based on material assumptions
calculated as at December 31, 2008 and based on the following: an oil
price of $0.90 per liter, $1.19 Canadian to the US Dollar, and
$1.30 US dollar to one Euro, continued stable production at all three
mines.
>>
"SEMAFO is looking forward to another strong year in 2009," said Benoit
La Salle, SEMAFO's President and CEO, "We intend to build upon our 2008
achievements, where we delivered record production and completed the smooth,
successful start-up of our new Mana mine. In 2008, our goal was to increase
gold production by 60% through steady quarterly growth. Not only did we
deliver on this promise, but we surpassed our objective, achieving an increase
of 84% over our 2007 production."
"We expect continued stable production at all three mines in 2009, with
the Mana mine to account for 55% of our total production" said Benoit
Desormeaux, SEMAFO's Executive Vice-President and COO. "In 2009, as part of
our expansion project at Mana, the purchase of additional mining equipment and
minor facility modifications will augment plant capacity to 6,000 tonnes per
day for saprolite ore. The delivery of mining equipment is expected at Mana in
the second quarter of 2009, while increased capacity at the plant is expected
be operational in the fourth quarter of 2009."
The Company closed out 9,000 ounces of gold sales contracts at a cost of
$4,525,000 using a portion of the December 2008 financing proceeds. The
Company is scheduled to retire all 22,100 outstanding gold sales contracts by
June 30, 2009. Currently, 7,100 ounces of these gold sales contracts remain
uncovered.
"SEMAFO remains committed to the effective management of its assets"
reiterated Mr. La Salle, "We will continue to focus on the diligent
administration of our finances in order to maximize liquidity and cash flow.
We are committed to increasing shareholder value through the delivery of solid
results all of which is a result of the strength and dedication of our
operational and management teams.
Mvh H3NPHLO
Record Gold Production in January
MONTREAL, Feb. 25 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today announced that the Company will invest $4 million in an in-depth drilling exploration program at its Mana mine in Burkina Faso. Deep drilling up to 20,000 meters will be carried out in the high-potential Wona zone following last year's previously announced positive drill results.
A company production record of 21,100 ounces of gold was achieved in the month of January. To date, the Company realized an average selling price of $920 per ounce as spot gold prices remain favorable.
"Mana continues to surpass expectations," said Benoit Desormeaux, Executive Vice-President and COO. "This new in-depth drilling program to evaluate the underground mine potential along with our regular exploration work is aimed at growing our resource and reserves and ultimately increasing shareholder value."
Production numbers are preliminary and may be subject to final adjustment.
Mvh H3NPHLO
har jag korrekt kursdata att semafo i förrgår var nere under 1,50 en vända? stängde sen på 1,80.
Ja us!
Handlade till viss del om en kidnappningshistoria i Afrika som, vad jag förstått, felaktigt kopplades till Semafo.
Vh Björta
ok tack
Presentation på BMO Capital Markets
Mvh H3NPHLO
Semafo Reports Record Net Earnings of $39.5 Million for 2008
MONTREAL, March 17 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today announced its unaudited financial and operational results for the year ended December 31, 2008. All amounts are in US dollars unless otherwise stated.
Highlights
Semafo delivered record gold production for a fourth consecutive quarter. For the year, Semafo's gold production totaled 195,400 ounces, an 84% increase over 2007. Cash flow from operating activities totaled $56,339,000, compared to $10,245,000 for the year in 2007. Highlights for the year ended December 31, 2008 include:
- Successful start-up and commissioning of the Mana mine in Burkina Faso
- Gold production of 195,400 ounces
- Cash operating cost of $461 per ounce
- Gold sales of $169,911,000 at an average selling price of $858 per
ounce
- Operating income of $33,108,000
- Net income of $39,529,000
- Cash flow from operating activities of $56,339,000
- Return to profitability at the Kiniero mine
- Positive drilling results at the Mana mine
- Successful equity financing of $18,782,000
A Word from the CEO
Semafo delivered another solid operational and financial performance
during the fourth quarter of 2008, successfully culminating one of the best
years in our Company's history.
Operationally, we achieved record production for the year with a total of
195,400 ounces of gold. Cash operating cost in 2008 decreased by 7%
year-over-year to an average of $461 per ounce. In 2008, Semafo achieved
record gold sales revenues of almost $170 million, representing an increase of
129% over 2007.
Increased production and reduced costs were key to our improved cash flow
from operating activities. In 2008, we established a new record with cash flow
from operating activities exceeding $56 million; more than five times that of
the year prior. The average selling price of gold was $858 per ounce for the
full year, which resulted in an operating income of $33.1 million.
Semafo completed an equity financing of $18.7 million in December 2008 to
end the year with a strong financial position of $28.7 million in cash and
cash equivalents and restricted cash.
Semafo's complete 2008 financial results, accompanying Management's
Discussion and Analysis and reserves and resources update will be released
after market close on March 23, 2009.
Mvh H3NPHLO
SEMAFO Reports Net Income of $8.9 Million for the First Quarter 2009
MONTREAL, May 12 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today reported its first quarter financial and operational results for the three-month period ended March 31, 2009. All amounts are in US dollars unless otherwise stated.
Highlights
- Gold production of 58,100 ounces
- Cash operating cost of $460 per ounce
- Gold sales of $49,495,000
- Operating income of $11,173,000
- Net income of $8,902,000 or $0.04 per share
- Cash flow from operating activities of $18,500,000
- Long-term debt reimbursement of $5,207,000
SEMAFO realized a fourth consecutive quarter of record production, with a total of 58,100 ounces of gold for the three-month period ended March 31, 2009. This represents a 102% increase over the corresponding period in 2008. The Company recorded an operating income of $11.2 million for the quarter, compared to $2.8 million in 2008. This significant growth is directly attributable to Mana's contribution to SEMAFO's overall results.
A Word from the CEO
Operationally, SEMAFO achieved a new quarterly production record of 58,100 ounces of gold. This increase is mainly due to the Mana mine, which began commercial production in April 2008. The Mana mine continued to meet expectations with its output representing 62% of the Company's total gold production for the quarter.
SEMAFO realized gold sales of $49.5 million, representing a 94% increase over the same period last year. Despite the substantial volatility in the market price of gold during this period, the Company achieved an average selling price of $923 per ounce. The Company's cash flow from operations totalled $18.5 million for the first quarter of 2009, compared to $6.1 million for the same period the year prior.
SEMAFO continued to focus on the efficient and effective management of its operations, achieving a cash operating cost of $460 per ounce, representing a 7% improvement over the fourth quarter of 2008
Outlook
In April 2009, the Mana mine produced 11,600 ounces of gold, making a significant contribution to the Company's overall monthly production total of 19,500 ounces of gold.
Management anticipates ongoing stable production and remains confident that the Company will attain its 2009 production guidance of between 220,000 and 240,000 ounces of gold.
The Company is well-positioned for the future and remains committed to the diligent management of operations and to the earnest pursuit of accretion initiatives and acquisition opportunities.
A conference call will be held at 10:00 a.m. on Wednesday, May 13, 2009 to discuss the Company's quarterly results. Details to access the call can be found on the home page of the Company's website at www.semafo.com. SEMAFO'S consolidated financial statements, together with Management's Discussion and Analysis, are available on its website or at www.sedar.com.
Mvh H3NPHLO
Penser ska ha ngt evenemang
Semafo är ett kanadensiskt gruvbolag med prospektering och produktion av guld i Västafrika. Mineraltillgångarna uppgår till 136 ton och ligger i Burkina Faso, Niger och Guinea. Under 2008 producerade Semafo 6,1 ton guld och prognosen för i år ligger på 6,2 - 6,8 ton.
Seminariet inleds med att Benoit La Salle, VD Semafo, presenterar bolaget och dess framtidsutsikter. Därefter kommer Martin Jansson, Mineralekonom vid Raw Materials Group att tala om guldprisets utveckling och framtid.
Mvh H3NPHLO
PP
Semafo Inc. (TSX:SMF) has today entered into an agreement with a syndicate of underwriters led by Thomas Weisel Partners Canada Inc. (the "Underwriters") under which the Underwriters have agreed to buy 17,850,000 common shares (the "Common Shares") from Semafo on a bought-deal basis and sell them to the public at a price of C$2.27 per Common Share. The Company has also granted to the Underwriters an over-allotment option to purchase up to an additional 2,677,500 Common Shares at the same price.
The gross proceeds raised from the offering will be C$40,519,500 (C$46,597,425 if the over-allotment option is exercised in full). The offering is subject to the approval of the TSX. The Common Shares will be offered in certain provinces of Canada by short form prospectus, and in such other jurisdictions, including the United States and in those jurisdictions outside of Canada which are agreed to by the Company and the Underwriters, where the Common Shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. The offering is expected to close on or about June 23, 2009.
Semafo intends to use the net proceeds of the offering for exploration and plant expansion at the Mana Mine and for general corporate purposes.
Vad tror du Björta. Ngt förvärv på G månne?
Mvh H3NPHLO
Inlägget är redigerat av författaren.
#79
JF´s tolkning:
Semafo drar fördel av det högre guldpriset och borrar guld på börsen. Man tar in 40 MCAD genom att sälja nära 18 milj aktier á 2.27 CAD. Därmed torde det vara så att kvarliggande hedge-lån i bolaget försvinner och att man per strax kan dra nytta fullt ut av de höga guldpriserna som ser ut att bli ändå högre. Med cash operating cost på väg ned genom 450 usd/oz och allt större produktion (c:a 240.000 oz/år för 2009) och ökade reserver har flera stora institutioner nu upptäckt bolaget.
Dagens nedställ på aktiekursen till emissionsnivån är en "automatisk" justering i marknaden som om någon dag är passerad. Vanligen är detta en "gratischans" att plocka upp för den snabbfotade guldaktieköparen
Vh Björta
MONTREAL, June 4 /CNW Telbec/ - SEMAFO Inc. today announced the Company has closed out the remaining ounces of its hedge program in the normal course of business. The completion of this obligation will allow the company to benefit from the market price of gold and improved cash generation.
"We remain committed to the ongoing improvement of the Company's overall performance," said Benoit La Salle, SEMAFO's President and CEO. "In today's marketplace controlling costs, increasing production and cash flow are all part of our commitment to increase shareholder value".
SEMAFO was required to enter into a hedge program in 2003 when financing construction of the Samira Hill mine in Niger.
Pressats bra av PPn, men nu kan rekylen vara klar nu.. ser MKT fin ut i grafen...
Mvh H3NPHLO
Jag ökar här
Boalget ska även vägas in in två olka index på måndag;
*S&P/TSX GLOBAL GOLD INDEX
*S&P/TSX GLOBAL MINING INDEX
http://www2.standardandpoors.com/spf/pdf/index/20090612_TSX-Rebal.pdf
Mvh H3NPHLO
Bra rörelse igår. 2,30 senast.
Mvh H3NPHLO
#82
Mycket snyggt, h3! Grattis.
Vh Björta
Emis hemma till kurs 2,27.
Semafo Inc. Closes C$40.5 million Bought Deal and Provides Details on Use of Proceeds
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Montreal, Quebec, June 23, 2009 - SEMAFO Inc. (TSX: SMF) is pleased to announce that it has closed its previously announced public offering, on a bought-deal basis, with a syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc., and including Jennings Capital Inc., Haywood Securities Inc., BMO Capital Markets, Clarus Securities Inc., Blackmont Capital Inc., and PI Financial Corp. Semafo issued a total of 17,850,000 common shares at a price of C$2.27 per common share for aggregate gross proceeds of C$40,519,500.
Semafo intends to use a portion of the net proceeds of the offering for resource definition and plant expansion at the Mana Mine in Burkina Faso. Benoit LaSalle, President and CEO of Semafo, stated: "This financing puts Semafo in the position of being able to fast-track Mana?s reserve/resource development and with it an increased production profile.??
Semafo intends to carry out 110,000 meters of drilling and expanding the existing plant from 4,500 tpd to 6,000 tpd in bedrock. The aim of this exploration program will be to add 1.0-1.5 million ounces to reserves/resources and increased annual production of 10,000-15,000 ounces.
Benoit Desormeaux, COO, added "The 110,000 meter drilling campaign has begun with the first 2 drill rigs at work, while 2 additional drill rigs will arrive on site in July and November 2009. Investors can expect regular news flow as results become available. Engineering is advancing well on the plant expansion. Our operating team will oversee construction with commissioning scheduled in late Q2, 2010.??
Additional details can be found in Semafo?s updated corporation presentation that has been posted on the company?s web site at www.semafo.com
Vh Björta
SEMAFO reports Q2 2009 gold production of 64,100 ounces
MONTREAL, July 7 /CNW Telbec/ - SEMAFO (TSX: SMF - News) announced today that gold production for the three-month period ended June 30, 2009 totaled 64,100 ounces, compared to 54,500 ounces for the second quarter of 2008 and 58,100 ounces for the first quarter of 2009.
The increase in production compared to the second quarter of 2008 is mainly the result of the commissioning at Mana of the 4,000 tonne per-day ball mill that occurred in the second half of 2008. The Mana mine produced 37,300 ounces during the second quarter, representing almost 60% of the total production. Samira Hill and Kiniero mines totaled 17,400 and 9,400 ounces respectively.
The Company is maintaining its previously announced overall production guidance of between 220,000 and 240,000 ounces for 2009.
Favorable gold prices continued during the second quarter of 2009 resulting in gold sales averaging $931 per ounce.
In the second quarter of 2009, SEMAFO closed out the remainder of its outstanding gold contracts and is now hedge free.
In line with the 2009 objective of increasing plant capacity at Mana to attain 6,000 tonnes per-day in saprolite ore, additional mining equipment was delivered at the mine during the second quarter.
"Production results for the first 6 months of 2009, in conjunction with the completion of the hedging program and the timely delivery of the mining equipment at Mana, leave Semafo well positioned for the balance of 2009 and beyond", said Benoit La Salle, CEO.
Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Company's second quarter operating and financial results to be released mid-August.
Mvh H3NPHLO
SEMAFO Reports Strong Q2 Results with Gold Production of 64,100 Ounces
MONTREAL, Aug. 11 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today reported its second quarter financial and operational results for the three-month period ended June 30, 2009. All amounts are in US dollars unless otherwise stated.
Highlights for the Three-Month and Six-Month Periods Ended June 30, 2009
- Record gold production, with a total of 64,100 ounces for the three-
month period ended June 30, 2009, representing an 18% increase over the
corresponding period in 2008 and 10% over the previous quarter.
- For the first half of 2009, production from all mines totalled
122,200 ounces, an increase of 47% over the first six months of 2008.
- Gold sales revenues totalled $58.6 million for the second quarter,
representing a 31% increase over the corresponding period in 2008 and
18% over Q1 2009. For the first six months of 2009, gold sales revenues
totalled $108.1 million, representing a 54% increase over the same
period in 2008.
- Operating income increased by 23% to $17 million in the second quarter
2009 compared to the same period the year prior; and by 70%, to
$28.2 million, for the first six-month period of 2009 compared to the
same period in 2008. Operating income increased by 53% over Q1 2009.
- Net income reached $10.7 million, an increase of 20% over the previous
quarter of 2009. Net income totalled $19.6 million for first six months
of 2009.
- Cash flow from operating activities reached $25.4 million for the
second quarter and $43.9 million since the beginning of 2009. This
represents an increase of 32% over the same period last year and 37%
when compared with the first quarter of 2009.
- The Company's cash operating cost for the quarter decreased to $419 per
ounce from $460 in the first quarter of 2009.
- Net income per share of $0.05 and $0.08 respectively.
- Close-out of hedge program; the Company is 100% unhedged.
- Commencement of extensive exploration program on the high potential
Houndé belt in Burkina Faso.
- Positive at-depth drilling results at Mana.
- Improved balance sheet - with a 20% debt to equity ratio, compared to
38% as at December 31, 2008.
A Word from the CEO
SEMAFO continued to build on the positive momentum established in 2008. Our second quarter 2009 results created a new precedent for our Company, bringing the cash flow from operating activities to more than $25.4 million, representing a 37% increase over the previous quarter. In fact, our Q2 cash flow from operating activities was equivalent to the total cash flow from operating activities of the first six-month period of 2008.
We delivered on our objective to efficiently and effectively manage our existing assets; realizing the lowest production costs of the last three quarters, while achieving our best production results ever.
The second quarter of 2009 not only brought us to new heights with regard to our performance and the results achieved; but also saw us successfully close out the remaining ounces of the Company's hedge program. Moving forward, the completion of this obligation will allow the Company to benefit from the spot gold price and improve cash generation.
At Mana we continue to build for the future with an extensive exploration program initiated during the second quarter on the Houndé belt, while ongoing drilling continues to confirm at depth high-grade mineralization.
SEMAFO's balance sheet is stronger than ever as our debt-equity ratio now stands at 20% compared to 38% as at December 31, 2008. SEMAFO is well positioned for the future and remains committed to increase shareholder value via the effective management of existing assets and the active pursuit of accretive opportunities in West Africa.
Outlook
In July 2009, the Mana mine produced 12,900 ounces of gold, making a significant contribution to the Company's overall monthly production total of 21,300 ounces of gold; the second highest production month ever for the Company.
Management anticipates ongoing stable production and remains confident that the Company will attain its 2009 production guidance of between 220,000 and 240,000 ounces of gold.
A conference call will be held at 10:00 a.m. on Wednesday, August 12, 2009 to discuss the Company's quarterly results. Details to access the call can be found on the home page of the Company's website at www.semafo.com. SEMAFO'S consolidated financial statements, together with Management's Discussion and Analysis, are available on its website or at www.sedar.com.
Mvh H3NPHLO
Målkurser efter rapporten:
Clarus Securities $3,90
Thomas Weiszel Partners $3,25
Vh Björta
MONTREAL, Oct. 6 /CNW Telbec/ - SEMAFO (TSX: SMF - News) announced today that gold production for the three-month period ended September 30, 2009 totaled 62,000 ounces, an increase of 12% over the Company's third quarter 2008 production of 55,300 ounces. For the first nine months of 2009, production totaled 184,200 ounces of gold compared to 138,600 ounces of gold for the corresponding period in 2008.
The Mana mine continued to excel, having produced a record 41,600 ounces during the three-month period ended September 30, 2009, representing 67% of the Company's total production for the quarter.
"It was an excellent quarter at the Mana mine," said Benoit Desormeaux, SEMAFO's Executive Vice-President and COO, "In September, the Mana mine set a new monthly production record of 15,100 ounces of gold."
For the quarter, SEMAFO gold sales averaged $969 an ounce, slightly above the average London PM Fix price of $960 per ounce.
The Company is maintaining its previously announced overall production guidance of between 220,000 and 240,000 ounces for 2009.
Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Company's third quarter operating and financial results to be released mid-November.
Mvh H3NPHLO
SEMAFO Reports Record Net Income of $13.4 Million for the Third Quarter
2009 MONTREAL, Nov. 9 /CNW Telbec/ - SEMAFO (TSX: SMF - News) today reported its third quarter financial and operational results for the three-month period ended September 30, 2009. All amounts are in US dollars unless otherwise stated.
Highlights for the three- and nine-month periods ended September 30, 2009
- Gold production for the three-month period ended September 30, 2009
totalled 62,300 ounces, a 13% increase over Q3 2008. For the first nine
months of 2009, overall production totalled 184,500 ounces, an increase
of 33% over the corresponding period in 2008.
- Record gold production at Mana for the quarter of 41,600 ounces.
- Gold sales amounted to $59,361,000 in the third quarter, a 16% increase
over Q3 2008. Gold sales rose to $167,502,000 for the first nine months
of this year, representing a 38% increase over the corresponding period
in 2008.
- Operating income increased by 27% year-over-year to $15,195,000 for the
three-month period, and by 52%, to $43,411,000 for the nine-month
period.
- Net income for the third quarter was $13,399,000, an increase of 25%
over the previous quarter and an increase of 18% over the same period
last year. Net income for the first nine months of 2009 totalled
$33,022,000.
- Cash flow from operating activities for the quarter totalled
$24,301,000 and $68,245,000 for the nine-month period, representing a
21% increase over Q3 2008 and a 50% increase for the nine-month period
over the corresponding period in 2008.
- Cash operating costs were $472 per ounce for the quarter and $450 per
ounce for the nine-month period.
- Average selling price per ounce was $969 for the quarter and $942 for
the nine-months ended September 30, 2009, compared to the average
London PM Gold Fix price of $960 and $931 per ounce, respectively.
- Drilling results at Mana validated the presence of significant
mineralized zones at-depth and laterally.
- An airborne geophysical survey identified the Wona structural corridor
indicating that it may extend over a distance of more than
30 kilometers. Other similar signatures were also observed over the
1,695 km2 of permitted properties.
- A preliminary economic assessment ("PEA") confirmed the economic
potential of the Wona underground deposit. The Company has decided to
proceed with a pre-feasibility study.
- Increased balance sheet strength with a debt-equity ratio of 17%,
compared to 38% as at December 31, 2008.
A Word from the CEO
SEMAFO maintained the positive momentum established in 2008. Our disciplined growth strategy resulted in a 13% increase in gold production compared to Q3 2008, and a 33% increase year-over-year for the nine months ended September 30, 2009.
SEMAFO's flagship Mana mine in Burkina Faso increased production to 41,600 ounces of gold, representing 67% of the Company's total production of 62,300 ounces for the third quarter. On this property, which encompasses 1,695 km2, we increased and accelerated exploration activities with the intention to validate the presence of significant mineralized zones at-depth and identify new targets on-surface to ultimately increase reserves and resources. The preliminary results reported not only some of the highest-grade intercepts recorded to date (WDC133 5.24 g/t over 57.8 m), but most importantly underscored the robust nature of a significant high-grade lode just below the bottom of the Wona North pit. The preliminary economic assessment to evaluate the potential to develop an economically viable underground mining operation at Mana was very positive and accordingly, SEMAFO has decided to proceed with a pre-feasibility study. Additionally, an airborne geophysical survey identified the Wona structural corridor and results suggest that the Wona corridor may extend over a distance of more than 30 kilometers. The results also revealed other similar signatures elsewhere over the property.
At the Kiniero mine in Guinea, third quarter performance waned as we faced a significant decrease in head grade. This can be rectified by additional investments. Given the current situation in the country, the Company has decided at this time to suspend any additional cash investment in this property.
Management remains confident that the Company will attain the upper bracket of its 2009 production guidance of between 220,000 and 240,000 ounces of gold.
Outlook
In October 2009, SEMAFO recorded its second highest monthly production result ever, having produced 22,600 ounces of gold. The Company looks forward to continuing this positive trend.
A conference call will be held at 10:00 a.m. on Tuesday, November 10, 2009 to discuss the Company's quarterly results. Details to access the call can be found on the home page of the Company's website at www.semafo.com. SEMAFO'S consolidated financial statements, together with Management's Discussion and Analysis, are available on its website or at www.sedar.com.
Mvh H3NPHLO
Inlägget är redigerat av författaren.
Mer Avion och insiderköp ... igår ...
...och av dagens hndel att döma fortsätter köpen
Vh Björta
Avion Gold Corporation (TSX VENTURE:AVR) is pleased to announce that it has entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters co-led by Cormark and Canaccord Capital Corp., and including Macquarie Capital Markets Canada Ltd., and Wellington West Capital Markets Inc. pursuant to which the underwriters have agreed to purchase 50,000,000 Common Shares at a price of
.40 per Common Share for gross proceeds of $20 million. The Corporation has granted the underwriters an over-allotment option to purchase an additional 7,500,000 Common Shares at the offering price until the date that is 30 days following the closing of this offering. The Corporation will file a preliminary short form prospectus in each of the Provinces of Canada, other than Quebec, for the purpose of qualifying the common shares for distribution to the public and the offering is scheduled to close on or about December 10, 2009.
Mvh H3NPHLO
De s k insiderköpen var nog inte insiderköp utan Canacord och/eller annan aktör som hade planerat det här caset.
De stora aktörerna har tjänat fina pengar på sitt informationsövertag. Återigen.
Vh Björta
Semafo 5 CAD
260% sedan #0
bra rek björta :)
Mvh H3NPHLO
Den trampar på fantastiskt bra. Tyvärr är jag inte med på båten längre. Hoppas att du hållit i traden bättre, h3!
Vh Björta
Tack för tipsen.
Men jag tycker inte AVR imponerar.
Satsar hellre på "kusen" QUC.V,
som verkar vilja rejält uppåt igen.
Om AVR drar iväg uppåt lär vi snabbt fånga upp den i screeningen.
Mvh /B
Hjälp Oxford Univ. cancerforskning!
Mvh /Bengt Finland
Hemsida
Gör någon glad!
MONTREAL, Dec. 14 /CNW Telbec/ - SEMAFO (TSX: SMF - News) is pleased to announce that the Company will be added to the S&P/TSX Composite Index, effective at the market open on December 21, 2009.
The S&P/TSX Composite Index is used by the financial community at large as a broad indicator of market activity for the largest companies traded on the Toronto Stock Exchange.
"This marks another important milestone for the Company," said Benoit La Salle, SEMAFO's President and CEO, "We are extremely pleased to be included in the S&P/TSX Composite Index and believe that this represents recognition of SEMAFO's performance and growth. We have established a strong platform for future growth through the diligent management of our existing assets, and we are well on our way to achieve our objective of becoming a major player in our geographical area of interest."
Mvh H3NPHLO
Bryter upp fint idag.
Vh Björta
C$ 7.49 senast.
Tydligen rycker en stockholmsnotering närmare. Svenskar sitter på drygt 10% av aktierna.
Mvh H3NPHLO
Inlägget är redigerat av författaren.
Nu en 600 procentare sedan #0. En fantastisk trend. Det finns riktkurser i marknaden på 20 Cad före utgången av 2011 ......
En pressrelease med en massa nytt godis publicerades idag.
Montreal, Quebec, July 6, 2010 -
SEMAFO (TSX: SMF) today announced that a strong performance at the Company?s Mana Mine drove second quarter gold production to a record 68,200 ounces, representing an increase of 6% over the same period last year.
"Our flagship Mana Mine is on track and continues its disciplined growth," said Benoit Desormeaux, Executive Vice-President and Chief Operating Officer. "With its best ever quarterly results of 45,700 ounces of gold, Mana accounted for 67% of SEMAFO?s total production for the three-month period ended June 30, 2010."
In the second quarter, SEMAFO sold 72,000 ounces of gold. The variation between gold production and sales stems from a gold shipment that was delayed at the end of the first quarter to early in the second quarter 2010.
"We are pleased with our Q2 performance," said Benoit La Salle, SEMAFO?s President and Chief Executive Officer. "SEMAFO?s average realized gold price for the quarter was $1,208 per ounce, $11 per ounce above the London Gold Fix (PM) and representing an increase of $97 per ounce (9%) over our Q1 2010 results. As a result of our successful gold selling strategy, SEMAFO?s average realized gold price has surpassed the average London Gold Fix (PM) for a sixth consecutive quarter."
The Company's second quarter results for the three-month period ended June 30, 2010 will be released after market close on Wednesday, August 4, 2010. The financial statements will be available on the Company's website at www.semafo.com or at www.sedar.com.
SEMAFO will host a conference call to discuss the results, as well as to provide an update on operations.
Conference Call: Date: Thursday, August 5, 2010
Time: 10:00 AM (ET)
Tel. local & overseas: (416) 981 9000
Tel. North America: 1 (800) 750-5857
The conference call will feature Benoit La Salle, President and Chief Executive Officer, Benoit Desormeaux, Executive Vice-President and Chief Operating Officer, Martin Milette, Chief Financial Officer, Michel Crevier, SEMAFO?s Geology Manager and Qualified Person, and Patrick Moryoussef, Mining Operations Manager.
The conference call will be archived for replay until August 26, 2010. To access the archived conference call, please dial 1 (800) 558 5253 and enter pass code 21475876 followed by the number sign (#).
A live audio webcast of the conference can be accessed through SEMAFO?s website at www.semafo.com. The webcast will be available for replay for a period of 60 days.
Production numbers are preliminary and may be subject to final adjustment. Further information will be published in the Company?s second quarter operating and financial results to be released after market close on August 4, 2010.
#107
Om det var någon som stod med håven runt 7.20 är det bara att gratulera, dagslägsta på 7.21.
Mvh H3NPHLO
#108
Heads up!
Bryter upp ur fallande kil / konsolideringsformation. RSI bekräftar och sofar i dagens session har vi volym med oss.
Mvh H3NPHLO
#112 Snyggt! Tack så mycket för tipset
mvh Patrik
#113 #116
Rejäla utbrott idag.
Oceana Golds presentation på Denverkonferensen
Den som är intresserad av investeringar i guldaktier rekommenderas följa vad signaturen Original Braila skriver. Hans kunskaper och "näsa" inom området är imponernade. Håller till på Börssnack och har en egen hemsida.
Det är bra Björta och sant. Men när skrev den latmasken senast?
#120
Idag
Köprek av #118 utfärdad av i #119 omnämnd analytiker.
Target price June 30th, 2011: C$ 13.00
MCAP at target price: C$ 1,100 million
Inlägget är redigerat av författaren.
#122 Köper du? För hur stor andel av portföljen?
Köpte vid #118
Alltid mycket försiktiga positioner för mig när det gäller kanadajuniors.
Stockholmnotering tydligen klubbad nu, kommer sättas innan årsskiftet. Penser håller i trådarna...
Mvh H3NPHLO
Inlägget är redigerat av författaren.
Det var som tusan ... var har du fått den informationen?
Aktien gör ath idag igen.
King!
#131
Varför håller du på så här, om och om igen .....? I strängar som handlar om helt andra aktier dyker du upp med den här.
Är det någon slags tävling kanske?
Du har ju öppnat en sträng för IAU och då är det väl bättre att du skriver om den aktien där.
#132 Han fattade uppenbarligen inte vinken han fick i min Jaguarsträng om det opassande i att bete sig på detta vis eftersom han inte bara en utan två gånger dyker upp som gubben i lådan i din sträng.
Veckans nr av Afv innehåller en hel del "guldsnack". Bl a artiklar om Semafo, Orvana och Ocean Gold.
January 20, 2011
SEMAFO Explores Possible Dual Listing in Europe
MONTREAL, QUEBEC--(Marketwire - Jan. 20, 2011) - SEMAFO (TSX:SMF) today announced that it is exploring the possibility of a dual listing of its common shares on the NASDAQ OMX Stockholm exchange in Sweden.
"We have experienced significant growth in the past years," said Benoit La Salle, SEMAFO's President and Chief Executive Officer. "A dual listing on the NASDAQ OMX Stockholm would facilitate the participation of European investors seeking exposure to SEMAFO and to the West African gold sector."
Erik Penser Bankaktiebolag has been appointed financial adviser and Mannheimer Swartling has been appointed Swedish legal adviser for the possible listing process.
Semafo ser intressant ut här, nära MA200 och har idag fallit under botten från i januari men under divergens. Fast aktien är väl fortfarande högt värderat i förhållande till sektorkollegorna, frågan är hur länge det håller i sig eller om andra aktier som Orvana kommer dra iväg mer.
#138 Bra heads up!
Positiv divergens i lite olika indikatorer oxo. Samt fint på fibben
Skrev ju att det var ny botten under divergens, fast jag ritade inte in det så snyggt som dig :P
haha,
jag gör saker ofta fort o fel ;)
Notering i sthlm beräknas ske runt påsk. Roadshow i sthlm mid/end feb.
Hej alla aktievänner!
Jag mejlade kära Benoit och frågade när notering bör vara klar, här är svaret jag fick;
"Dear Sir
We hope to have the listing competed before the end of April 2011 .
This assumes that everything goes smoothly with the listing procedures !
Regards
Benoit La Salle
Benoit La Salle CA
Président et CEO
SEMAFO inc "
Hej alla aktievänner!
Jag mejlade kära Benoit och frågade när notering bör vara klar, här är svaret jag fick;
"Dear Sir
We hope to have the listing competed before the end of April 2011 .
This assumes that everything goes smoothly with the listing procedures !
Regards
Benoit La Salle
Benoit La Salle CA
Président et CEO
SEMAFO inc "
Hej alla aktievänner!
Jag mejlade kära Benoit och frågade när notering bör vara klar, här är svaret jag fick;
"Dear Sir
We hope to have the listing competed before the end of April 2011 .
This assumes that everything goes smoothly with the listing procedures !
Regards
Benoit La Salle
Benoit La Salle CA
Président et CEO
SEMAFO inc "
Möte med Benoit hos Penser på måndag kväll, då får vi lite mer kött på benen kanske. Återkommer.
Pratade med finanschefen vars uppfattning var att om det inte blir före mars månads utgång kommer Sthlms-noteringen att skjutas på till hösten.
En finfin presentation av Vd´n, känns som bolaget gör allt rätt. Sitter dessutom på prospekteringsrätten i ett område som bedöms oerhört lovande ut. Inte direkt litet sådant, omsatt till svensk geografi från Stureplan till Nyköping och en mil brett.
Producerar i år och nästa år drygt 260.000 ounce guld, om ett par år kan det handla om 1 miljon. Torde vara ett mycket bra longplay, speciellt o man är bull till priset på guld. Och det är man väl .. ;)
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=121959&sn=Detail&pid=33
Kineserna köper guld som aldrig förr.
<Björta.
Hade inte aktien i mitt arkiv men kikade på StockCharts.
Semafo - Daily:
Ingen direkt vacker syn med helt neutrala ögon.
Lägre toppar/bottnar med ett negativt momentum. Kände på MA55 men bröt ner med kraft med stigande volym. Nu finns dock en möjlig 123 TTE som om den bryter upp över gårdagens bar sätts i spel. Det skulle också ge en köpsignal i Slow Stoch.
Kan väl sätta den under bevakning om nu Björtas fundamentala fakta är korrekta :)
mvh /doc
Var rädda om era pengar - någon annan vill väldigt gärna ha dem!
Nu ska vi se om det inte kan ta å vända!
Rapport + poision pill + glatt börshumör!
Semafo, #158, ser ut att bryta upp idag
Kursutvecklingen har varit minst sagt bedrövlig det senaste halvåret. Kursen har halverats. Jag bifogar ett veckochart som antyder att vi möjligen har inlett ett lite allvarligare försök på uppsidan.
Priset på guld är på ATH och det är väl inte så långsökt att anta att fokus på guldbolagen snart är här igen.
Min gissning är att vi snart ser dryga 9 Cad, får en rekyl där och sedan drar vidare.
Imponerande tillkännagivande idag, och aktien tar fart.
Montreal, Quebec, September 8, 2011 – SEMAFO (TSX: SMF) today announced plans to increase the processing capacity by 6,000 tonnes per day (“tpd”) at its Mana property in Burkina Faso. The expansion project is aimed at increasing capacity at the plant to 14,000 tpd, representing as much as an additional 120,000 gold ounces annually and potentially bringing Mana’s total production to more than 300,000 ounces per annum.
This phase of expansion is in consideration of the positive drill results received from the Fofina, Fobiri and Yaho zones and is to include the construction of a satellite crushing and milling facility. The new facility, which is currently planned for the Fofina-Fobiri area, will prepare the ore for final processing at the Mana plant. This approach will play an important role in supplying increased ore to the processing plant as well as substantially expedite the overall production process of ore from the southern region in a highly economic manner.
Commenting on the expansion, Benoit Desormeaux, SEMAFO’s Executive Vice-President and Chief Operating Officer said, “With the geological results delineating the surrounding area’s significant potential, we are capitalizing on the opportunity to ensure that SEMAFO is prepared for the forthcoming increase in ore volume associated with these new zones.”
Capital expenditures for the expansion project are estimated at $100-$125 million and will be fully funded through SEMAFO’s cash flow. The anticipated payback period is less than one year.
As part of the plant expansion the Corporation also plans to build a water pipeline, for which an engineering analysis is already underway. The year-round accessibility will safeguard adequate water supply levels at the mill at all times and is scheduled for commissioning in the second quarter of 2012.
The expansion is scheduled to begin in early 2012 and is expected to be completed during the second half of 2013.
All amounts are in US dollars unless otherwise stated.
Notering på stockholmsbörsen har inte levt upp till mina förväntningar, omsättningen är närmast minimal jämfört med den borta i Kanada. Förhoppningsvis stiger intressent snart, så det går att handla aktien utan dessa gap.. Just nu skulle jag med mina aktier i princip kunna sälja ner kursen 20%!
I övrigt verkar det rulla på rätt bra där nere, trots diverse uppror och demostrationer. Förhoppningsvis rullar guldet vidare upp mot nya höjder, hösten skall ju vara guldets årstid! Förra årets stora uppgång utspelade sig på hösten och vi peakade i början på december någon gång..
#163 ge den lite tid. mkt som måste fixas innan det kommer att bli omsättning. tex måste det finnas rejäla lån så de kan arba.
även om du är en big swinger så skulle du inte sälja ned den 20% .. tror jag. avviker det för mkt plingar det lite här o var. det är jag övertygad om. el har du corner?
Aktien (och övriga guldbolag) har kapitulerat totalt. Kom bra news i torsdags där de beräknar att guldtillgångarna ökat 100% i Siou zonen.
GS take på nyheten;
We upgraded Semafo to Buy in our gold note released yesterday, Precious few to outperform as gold hits an inflection point, based upon its recent weakness and optionality for growth at its Mana mine.
Headlines
Semafo announced today an inferred resource of 999,200 gold ounces for its Siou deposit (part of its flagship Mana mine).
The deposit is located approx. 15km from the processing plant at Mana. The high-grade ore (initial drill results indicate+5 g/t) could be used to supplement the lower grade ore from Wona-Kona (ore grades 2-2.5 g/t), the main pit at Mana. The processing plant at Mana has capacity of 8kt per day.
We believe Semafo could potentially split the ore feed at the plant 50/50 between the Siou and Wona-Kona deposits. Effectively growing production through the processing of higher grade ore.
The company also reported that the high-grades at Siou will mean the economics of the deposit will only be minimally affected by variations in the price of gold.
The next step for the company is to continue with delineation drilling on the deposit with the intention of reporting a reserve in 4Q13. Processing of the ore at Siou could potentially start in late 2014 or early 2015.
The M&I resource at Mana as at 31 December, 2011 was 2.8mn oz, therefore we consider the size of the resource announced for Siou today as material for the group.
We believe this is a positive for the stock given its underperformance over the past 12 months due to among other things the cancellation to grow production at the mine by going underground at the Wona-Kona deposit.
We reiterate our Buy rating on the stock.
Mvh H3NPHLO
blev ett inköpidag efter att haläst denna tråd o guld 2 tråden under helgen
känns bra att lägga i byrålådan o titta på till jul
per
Mmm. Ska nog gå in göra ett köp också. Lite försiktig dock...
Sålde igår.
Tycker det ser ut som vi ska en bra bit ner nu.
Mmm. Negativ trend, men samtidigt befinner den sig i fearzone. Slow Stochastic ligger också ganska lågt ner.
Men RSI är däremot hårt spänd på ovansidan.
174
Inte RSI utan Fast Stochastic. Sorry
Mmmm. Bra pris på Semafo just nu.
köpte lite fler idag på 10,82känns nästa nsom att stjäla godis rån ett barn:)nu när guldet verkar börja lite återhämntning
per
#178 Jag kan ingenting om bolaget, men nedgången från 15 till 10 som varit borde väl varit nyhetsrelaterat och knappast för att guldet gått svagt?
Håller med Slakis
Har själv gått ur.
Jag sa jag inte vet. Det var lite som en fråga då jag inte orkade kolla upp själv ;-)
AKTIEANALYS: Trots att guldgruvebolaget Semafo flaggat för en produktion i år som gjorde marknaden besviken så behåller vi en positiv syn på aktien. Se här varför.
från 23-3 När vi satte ett köpråd på guldproducenten Semafo i höstas var argumenten att bolagets dåvarande produktion inte värderas så högt samtidigt som tillväxtutsikterna var mycket goda. Då stod aktien över 50 kronor. Idag är kursen nere i 36 kronor sedan Semafo kvalat in som en av årets sämre aktier med en nedgång på 20 procent bara sedan årsskiftet.
Ändå ser vi inte att de gamla argumenten är direkt ogiltiga. Kursfallet beror till stor del på att 2012 inte blir något vidare år. Semafo flaggade i januari för att bolaget väntas producera 235 000-260 000 uns guld 2012, främst från sin Mana-gruva i afrikanska Burkina Faso. Det är något mindre
vd köpte 50.000dt aktier 2aprill enligt kandensik insideaport
samme vd som på stämman klagade på art kursen var för låg (som han fått dålig ktitik för)
per
Semafos nedåtgående trend accelererar efter dagens utbrott. Ser inte alls bra ut.
#181 den följer faktiskt guldindex rätt bra. Avvikelsen är marginell.
Världens största guldproducent Barrick Gold har tappat 1/3 av sitt börsvärde den senaste månaden.
Goldcorp som bryter guld billigare än dom andra, står sig bättre och kommer väl hålla upp än bättre ifall guldpriset sjunker ytterligare.
Snyggt h3!
#186.
Hur länge ska man våga blunda?
Mvh.
Ronny N
Visa sida
Ogilla! 91
Gilla!
MA 200, m m passerat.
Vh Björta