SEMAFO's senior management will host a conference call to discuss the first quarter financial and operational results, as well as to provide an update on the Corporation's activities.
Conference Call: Date: Tuesday, May 14, 2013 Time: 10:00 AM (EDT) Tel. local & overseas: +1 (416) 981-9000 Tel. North America: 1 (800) 785-8944
The conference call will be archived for replay until June 3, 2013. To access the archived conference call, please dial 1 (800) 558-5253 and enter pass code 21654601 followed by the number sign (#).
A live audio webcast of the conference will be accessible through SEMAFO's website at www.semafo.com. The webcast will be available for replay for a period of 90 days.
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as "on track", "priority", "fast-track", "accelerate", "believe", "will", "creation", "strategy", "guidance", "committed", "evolve", "become", "pursuing", "growth", "opportunities" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability to issue a mineral reserve estimate in Q3 2013, the ability to fast-track the Siou Sector in order to commence stripping in the fourth quarter 2014 at the latest, the ability to reduce costs in order to maximize cash flow, the ability to meet our annual production and total cash cost guidance of between 153,000 -168,000 ounces at $805 - $855 per ounce at Mana and between 16,000 - 20,000 at $975 - $1,055 per ounce at Kiniero and to meet guidance at Samira Hill for the first six months of 2013 of between 23,000 - 26,000 ounces at a total cash cost of $985 - $1,035 per ounce, the ability to execute on our strategic focus, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described in SEMAFO's documents filed with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in SEMAFO's 2012 Annual MD&A, as updated in SEMAFO's 2013 First Quarter MD&A, and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at www.semafo.com. SEMAFO disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
The above information has been made public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Vice-President, Investor Relations
Cell: +1 (514) 240 2780
Sofia St Laurent
Communications & Investor Relations
Tel. local & overseas: +1 (514) 744 4408
North America Toll-Free: 1 (888) 744 4408
Brunswick Group Stockholm
+46 (8) 410 32 189