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SEMAFO boosts gold outlook by 68%

Burkina Faso miner SEMAFO (TSX: SMF) has forecast a 68% increase in consolidated gold production and lower costs for this year, after its Boungou mine achieved commercial production in the third quarter.

SEMAFO boosts gold outlook by 68% SEMAFO boosts gold outlook by 68% SEMAFO boosts gold outlook by 68% SEMAFO boosts gold outlook by 68% SEMAFO boosts gold outlook by 68%

Lowers costs forecast for West African operations

The company expects to produce between 390,000-430,000 ounces, substantially higher than 2018's preliminary results of 244,600oz, which was within guidance.