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SEMAFO: Junior Gold Miner Shines |
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| Aug 14, 2008 08:50 PM UTC |
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Tracked Blogger
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Via Long Investment Ideas from Seeking Alpha:
On August 12th, the company released stellar Q2 results that support a much higher share price. SEMAFO delivered record results in terms of gold production, gold sales, operating income, net income and operating cash flow. They produced 54,500 ounces of gold during Q2, nearly doubling the previous year and generating $11.7 million in earnings. I pulled a few charts from their website to better illustrate just how impressive results were from the latest quarter. 
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SEMAFO (SEMFF.PK) is undoubtedly one of my favorite junior gold miners. The company is grossly undervalued with 2.3 million M&I ounces of gold and a market cap under $300 million. Annual production should come in just shy of 200,000 ounces of gold, which is impressive for a company of SEMAFO’s size. But the story gets even better.Add Comment
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