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BRIEF-Semafo provides 2016 outlook

Published 2016-01-20, 07:10 a/m
© Reuters.  BRIEF-Semafo provides 2016 outlook
SMF
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Jan 20 (Reuters) - Semafo Inc SMF.TO :
* Achieves 2015 guidance; provides 2016 outlook
* Sees 2016 production of between 225,000 and 245,000 ounces of gold
* Sees 2016 capital expenditures of $44.3 million at mana
* Says initial 2016 exploration budget has been established at $11 million
* In Q4, 57,500 ounces of gold produced at a total cash cost of $495 per ounce
and all-in sustaining cost of $730 per ounce
* Ore will be extracted equally from high-grade deposits of siou and fofina in
2016, mining expected to resume in wona pit in 2017
* Source text for Eikon
* Further company coverage SMF.TO

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