Semafo’s profit wanes on lower output

West Africa-focused gold miner and regional explorer Semafo has reported a 44% drop in headline profit during the third quarter ended September, as the new mine plan for its Siou operation, in Burkina Faso, delivered fewer gold ounces to sell, the company reported on Thursday. Adjusted net income attributable to shareholders, excluding special items, totalled $8.4-million, or $0.03 a share, compared with $14.9-million, or $0.05 a share, in the same period in 2016.