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Alias Born 01/15/2011

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Wednesday, 06/15/2011 2:49:40 PM

Wednesday, June 15, 2011 2:49:40 PM

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Semafo reported gold production decrease of 9% y/y to 60,000 oz in Q1. Additionally, Semafo reported recent drill results in May which provide potential for new reserve increases. For a resource comparison of Semafo and other African gold mining stocks go to - We estimate Semafo cash costs per oz at $620/oz 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

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