SEMAFO Provides 2018 Outlook

MONTREAL, Feb. 15, 2018 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX:SMF) (OMX:SMF) today announced 2018 production and cost guidance for its Mana and Boungou Mines in Burkina Faso. All amounts are in US dollars unless otherwise stated.

Highlights

• Consolidated production of between 235,000 and 265,000 ounces of gold, representing a 21% increase over 2017 production
• All-in sustaining cost¹ for 2018 of between $900 and $940 per ounce
• Total production of 75,000 ounces at Boungou in 2018, of which 60,000 to 70,000 ounces in commercial production

2018 Outlook

2018 Guidance	Consolidated	Mana	Boungou (Commercial)
Gold production ('000 oz)	235 - 265	175 - 195	60 - 70
All-in sustaining cost ($/oz)	900 - 940	1,020 - 1,070	545 - 570
Capital Expenditure (included in AISC)  (in millions of $)
Sustaining	13	10	3
Stripping	55	44	11
	68	54	14

Development capital expenditures that are not included in the AISC for 2018 are $14.5 million out of the total of $51.7 million for Siou underground.