09:52 AM EST - SEMAFO Inc. : Announced positive results from a preliminary economic assessment for its Nabanga project in Burkina Faso. Highlights: Pre-tax NPV of $147 million and after-tax NPV of $100 million, using a 5% discount rate; LoM gold production of 571,000 ounces at AISC of $760/oz and a gold recovery of 92% during the eight years of operations. Pre-production capital expenditure of $84 million, including 20% contingency, and $56 million in LoM sustaining capital. Project economics (base case at $1,300/oz gold price): After-tax 5% NPV: $100 million. After-tax IRR: 22.6%. Payback period: 4.4 years. SEMAFO Inc.
shares T.SMF are trading down $0.06 at $4.35.
