Semafo rallies as Siou grade control trends back on track

Canadian gold producer Semafo on Wednesday rallied strongly in Toronto after it confirmed its revised production guidance for the year, on the back of grade stabilisation at the Siou satellite pit of the Mana mine, in Burkina Faso. The West Africa-focused miner reiterates its 2017 outlook of between 190 000 oz and 205 000 oz of gold, at a total cash cost of between $685/oz and $715/oz and all-in sustaining costs of between $920/oz and $960/oz.