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
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…