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Stocks in play: SEMAFO Inc.

Reports that there was a pit wall failure at Mana in the Wona pit. No mining was underway in the area, and no one was injured. Currently, the company is mining in the southern part of Wona pit. However, under the 2019 mine plan, some 45,000 ounces were expected from the northern portion of the pit between late August and year-end. To mine securely and regain access to ore in Wona North, it will have to push back the pit wall and mine approximately six million tonnes of waste material. As a result, mining of ore in the northern part of the pit will be deferred until the first quarter of 2020. These six million tonnes were part of the life of mine plan in 2021 and therefore do not represent additional tonnes or cost. SEMAFO Inc. shares T.SMF are trading down $0.34 at $5.10.