SEMAFO: Positive PEA Results for Nabanga
After-tax Net Present Value of $100 MillionMontreal, Quebec, September 30, 2019 – SEMAFO Inc. (TSX, OMX: SMF) is pleased to announce positive results from a preliminary economic assessment (“PEA”) for its Nabanga project in Burkina Faso. Highlights · Pre-tax NPV of $147 million and after-tax NPV of $100 million, using a 5% discount rate · LoM gold production of 571,000 ounces at AISC of $760/oz and a gold recovery of 92% during the 8 years of operations · Pre-production capital expenditure of $84 million, including 20% contingency, and $56 million in LoM sustaining capital ·