SEMAFO Recognized as One of Canada's Most Admired Corporate Cultures


SEMAFO Recognized as One of Canada's Most Admired Corporate Cultures

 

Montreal, Quebec, November 1, 2011, 09:30 ET - SEMAFO (TSX, OMX: SMF),
today is proud to announce that the Corporation has been named as one of
Canada's 10 Most Admired Corporate Cultures™ for 2011 in the Quebec &
Atlantic Canada region. The selection process is based on criteria such
as: vision, leadership, reward and recognition, corporate performance
and corporate social responsibility.

“We are tremendously honoured to be recognized for having one of the
best corporate cultures in the country,” said Benoit La Salle, SEMAFO
President and CEO. “This award is a true testament to the dedication and
outstanding contributions of each and every person at SEMAFO to the
overall success of the Corporation.”

“Our employees have committed to our corporate culture by embracing, as
their own, SEMAFO's values of respect, integrity, excellence, know-how
and team work. Our culture is further enhanced through SEMAFO's
humanitarian mission of continuous improvement with a relentless
determination to effect sustainable change and is a reason we are often
regarded as one of the most respected corporate citizens in our host
countries.”

This annual program was created in 2005 by Waterstone Human Capital and
recognizes the country's top organizations with cultures that both
enhance performance as well as sustain competitive advantages. A total
of 440 eligible organizations were nominated for the Canada's 10 Most
Admired Corporate Cultures™ program. National winners will be voted upon
by the program's Board of Governors in mid-November from among the
regional winners.

About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and
exploration activities in West Africa. The Corporation currently
operates three gold mines: the Mana Mine in Burkina Faso, the Samira
Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed
to evolve in a conscientious manner to become a major player in its
geographical area of interest. SEMAFO's strategic focus is to maximize
shareholder value by effectively managing its existing assets as well as
pursuing organic and strategic growth opportunities.

About Canada's 10 Most Admired Corporate Cultures™: Canada's 10 Most
Admired Corporate Cultures is founded and presented by Waterstone Human
Capital, a leading retained executive search firm specializing in
recruiting for fit and in cultural assessment. This national program,
now in its seventh year, annually recognizes best-in-class Canadian
organizations for having a culture that has helped them enhance
performance and sustain a competitive advantage. Canada's 10 is
Waterstone's R&D Lab: through the annual Canadian Corporate Culture
Study™, the hundreds of program submissions, the nominee interviews, as
well as through the Corporate Culture Summit, regional events, and the
national gala, Waterstone is at the forefront of best practices in
culture and fit - practices Waterstone shares with it clients, to help
them recruit for fit, conduct cultural assessments and build great
organizations.
www.canadasmostadmired.com (http://www.canadasmostadmired.com)

For more information contact:

SEMAFO                                                Maria Bang
Sofia St Laurent                                      Brunswick Group
Stockholm
Communications                                        Tel: +46 (8) 410
32 189
Tel: +1 (514) 744 4408                                Email:
mbang@brunswickgroup.com (mbang@brunswickgroup.com)
North America Toll-Free: 1 (888) 744 4408
Email: sstlaurent@semafo.com (sstlaurent@semafo.com)
Website: www.semafo.com (http://www.semafo.com/)

 

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