Semafo Announces Record Gold Production for November

Semafo Announces Record Gold Production for November

SEMAFO reported that the Company produced a record 21,000 ounces of gold during the month of November, 2008. The Mana mine produced a record 11,000 ounces of gold during the month, representing a 10% increase over the previous month. Production from the Samira Hill and Kiniero mines totaled 6,400 and 3,600 ounces of gold respectively.

“The Mana mine continues to make a strong contribution to our overall gold production results,” said Benoit Desormeaux, Executive Vice-President and COO. “These strong results are an ongoing demonstration of our operating team’s ability to deliver production results that not only meet but exceed expectation, and will contribute to what we anticipate to be another solid quarter.”

Management recently increased its 2008 annual production guidance to between 185,000 to 195,000 ounces of gold.

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