SEMAFO

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September 25, 2017 at 3:10 PM (MDT)|Broadmoor Hotel & Resort

Benoit Desormeaux

President & CEO

Benoit Desormeaux, CPA, CAPresident and Chief Executive Officer
Mr. Desormeaux became President and Chief Executive Officer on August 8, 2012. Mr. Desormeaux had been our Executive Vice-President and Chief Operating Officer since 2004, and previously held the positions, successively, of Corporate Controller as well as Chief Financial Officer. Prior to joining SEMAFO in 1997, he was in the employ of Deloitte LLP involved principally in corporate audits in the manufacturing sector. Mr. Desormeaux is a Chartered Professional Accountant, a member of Ordre des Comptables Professionnels Agréés du Québec and holds a bachelor’s degree in business administration (BBA) from HEC Montréal.

SAFE HARBOR STATEMENT

This presentation contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “growth”, “strategy”, “targeted”, "expected", "guidance", “during the first three years", "projected", “payback period”, "continues", "on time and on budget", “aiming”, “highest ever”, “next step”, “potential”, “targets”, “promising” and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability to execute our growth strategy, the ability to begin production at Boungou in Q3 2018, the ability to produce 52,000 oz in Q3 2017, the ability to mine Zone 9 as planned through December 2017, the ability to reach the upper end of our 2017 production guidance of between 190,000 and 205,000 ounces of gold at a total cash cost of between $685 and $715 per ounce and all-in sustaining cost of between $920 and $960 per ounce, the ability to meet the various highlights of the positive feasibility study of Boungou, including with respect to the (i) project economics at $1,100/oz, (ii) anticipated average annual production, total cash cost, AISC and head grade during the first three years, (iii) ability to produce some 1.2 million ounces over a projected LOM in excess of 7 years, and (iv) projected LOM total cash cost and AISC, the ability to complete the construction of Boungou on time and on budget, the ability to meet our expected consolidated production in 2018 and 2019, the ability to convert inferred resources in the West and East Boungou flanks to indicated resources, the ability to execute our 2017 Mana exploration strategy, the ability to complete a Mana PFS in Q1 2018, the ability to develop an underground at Siou, the accuracy of our assumptions, fluctuation in the price of currencies, gold prices and operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described in SEMAFO’s documents filed with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in SEMAFO’s 2016 Annual MD&A, as updated in SEMAFO’s 2017 First Quarter MD&A, 2017 Second Quarter MD&A, and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at www.semafo.com. SEMAFO disclaims any obligation to update or revise these forward- looking statements, except as required by applicable law.
We also advise you that the terms “Inferred Resources” and “Indicated Resources”, although recognized and required by the Canadian Securities Administrators, are not recognized by the US Securities and Exchange Commission. There is no certainty that Inferred Resources or Indicated Resources will be economically mineable.
All mineral resources are exclusive of mineral reserves.
All amounts are in US dollars unless otherwise indicated.

NOTICE

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