Michael Cooper's  Instablog

Michael Cooper
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Analyst and editor of CFMonitor.com publishing investment decision making data and reports. We are currently focused on inflation, gold, Africa and Banro Corporation (TSX-V:BAA)(AMEX:BAA) and Loncor Resources Inc. (TSX-V:LN)(AMEX:LON). Banro has moved into production and expects to produce... More
  • gold production decreases 0 comments
    Jun 15, 2011 3:52 PM | about stocks: SEMFF

     Semafo reported gold production decrease of 9% y/y to 60,000 oz in Q1 results.  For a resource comparison of Semafo and other African gold mining stocks go to CFMonitor.com - We estimate Semafo cash costs per oz at $620 while some of the other African miners such as Banro Corporation (TSX:BAA)(AMEX:BAA) are estimated at under $400 and going into production in Q4 '11

    Stocks: SEMFF
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