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Markets don’t like lower production and, these days, they hate higher costs. So SEMAFO (CN:SMF) would hardly be surprised by the poor reception this week of its March quarter production numbers and revised full-year guidance figures.
Geological complications at SEMAFO's Mana mine in Burkina Faso have undermined 2017 performance objectives
First quarter production from the flagship Mana mine in Burkina Faso disappointed at 55,400 ounces on the back of 731,000 tonnes processed through the mill at an average grade of 2.55g/t Au.
Inevitably a cost to pay with unstable regimes
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