SEMAFO Inc. (OTCMKTS: SEMFF) is a Canada-based gold producer focused on the exploration, development and operation of precious metal assets in West Africa. The company’s principal operating assets are the Mana and Boungou gold mines in Burkina Faso, where it is engaged in both open-pit and underground mining activities. SEMAFO’s operations encompass on-site processing facilities, including carbon-in-leach (CIL) plants, to produce gold doré bars for sale to international markets.
Headquartered in Toronto, Canada, SEMAFO was originally founded as a mineral exploration venture and has since grown through strategic project acquisitions and resource development. The Mana mine commenced production in 2010 and continues to be a cornerstone of the company’s output, while the Boungou mine began commercial production in 2019 following a successful feasibility study and construction phase. SEMAFO also holds early-stage exploration licenses in the region, aimed at identifying additional gold deposits along prolific West African trends.
Under the leadership of President and Chief Executive Officer Daniel Zoungrana, SEMAFO emphasizes operational efficiency, community engagement and environmental stewardship. The company places particular focus on maintaining strong relationships with local stakeholders in Burkina Faso and adhering to international best practices in health, safety and sustainable mining.
Looking ahead, SEMAFO is advancing its Nabanga project toward development and continues to explore near-mine targets to extend the life of its existing operations. With a disciplined approach to capital allocation and exploration, SEMAFO seeks to enhance its production profile while generating long-term value for shareholders.
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