SEMAFO Reports 2016 Reserves and Resources Estimates


Natougou Inferred Resources Increase to 754,000 Ounces

Montreal, Quebec, February 27, 2017– SEMAFO Inc. (TSX, OMX: SMF) today announced its updated mineral reserves and resources as of December 31, 2016.

Reserves & Resources – Overview

  • Total proven and probable mineral reserves stand at 3.0 million ounces
  • Measured and indicated mineral resources remain constant at 3.0 million ounces
  • Inferred resources increased by 22% to 2.6 million ounces
  • Natougou inferred resources increased by 119% to 754,000 ounces

At the end of 2016, total proven and probable reserves stood at 28.2 million tonnes averaging 3.31 g/t Au for 3.0 million ounces as compared to 30.5 million tonnes at 3.32 g/t Au for 3.3 million ounces at the end of 2015. The slight decrease in reserves is due to depletion as SEMAFO produced 240,200 ounces of gold in 2016.

Inferred resources at Natougou…


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