MONTREAL, Dec. 20, 2017 (GLOBE NEWSWIRE) -- SEMAFO Inc. (TSX, OMX: SMF) today announced that construction of the Boungou Mine in Burkina Faso was 75% complete and remains on-budget for commissioning in the third quarter of 2018.
As at November 30, 2017, the following key components had been advanced:
- Development on schedule with $148 million spent
- Construction of the mine 75% complete
- Completion of over 90% of the total concrete pour, some 60% of structural steel and 30% of mechanical installation
- Installation of the SAG mill scheduled for completion at year-end
- Erection of structural steel ongoing in the pebble crusher, reagent storage, reclaim, grinding, workshop and pipe rack areas
- The tailings storage facility is over 60% complete
- Completion of over 70% of the power plant and more than 55% of the fuel depot
- Inauguration of the resettlement village in December
- Pre-stripping continues at the Boungou deposit with 8.3 million of the projected 18 million tonnes extracted
- 1,832 personnel including contractors were employed on site, 88% of whom are Burkinabe
- 3.3 million man-hours have been worked without lost-time injury
Aerial View of Processing Plant
The table below presents the construction milestones for the Boungou Mine and their level of completion:
To follow the construction progress, please view the following link to the Boungou Mine photo and video gallery on our website: Click Here
About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation operates the Mana Mine in Burkina Faso, which includes the high-grade satellite deposit of Siou, and is targeting production start-up of the Boungou Mine in the third quarter of 2018. SEMAFO’s strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.
