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SEMAFO Reports Q2 Results

SEMAFO Inc (SMF.TO) last night reported its second quarter financial and operating results for the three-month period ended June 30, 2011. Second quarter 2011 highlights included: gold production of 63,800 ounces; record gold sales of $100.4 million, an increase of 15% year over year; record operating income of $40.6 million, an increase of 11% year over year; record net income of $32.9 million an increase of 7% year over year; net income attributable to equity shareholders of $30.6 million or $0.11 per share compared to $29.9 million or $0.12 per share for the same period last year; record cash flow from operating activities of $43.2 million or $0.16 per share; record throughput and production at Mana.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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