* Q3 EPS $0.10 vs est $0.09
* Q3 rev up 45 pct
* Q3 gold production up 5 pct to 65,500 ounces
Nov 10 (Reuters) - Canadian gold miner Semafo Inc's quarterly earnings beat estimates for the second consecutive quarter, helped by higher gold production and prices.
For the July-September period, net income was $28.8 million, or 10 cents per share, compared with $13.4 million, or 5 cents per share, a year ago.
Revenue jumped 45 percent to $86.2 million.
Analysts on an average were expecting the company to earn 9 cents per share, on revenue of $78.94 million, according to Thomson Reuters I/B/E/S.
Semafo said gold production was up 5 percent at 65,500 ounces in the third quarter, with 71 percent of it coming from its flagship Mana mine in Burkina Faso in West Africa.
The Saint Laurent, Quebec-based company's shares, which have gained nearly 19 percent in the last month, closed at C$12.60 on Wednesday on the Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Roshni Menon) Keywords: SEMAFO/ (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q3 rev up 45 pct
* Q3 gold production up 5 pct to 65,500 ounces
Nov 10 (Reuters) - Canadian gold miner Semafo Inc's quarterly earnings beat estimates for the second consecutive quarter, helped by higher gold production and prices.
For the July-September period, net income was $28.8 million, or 10 cents per share, compared with $13.4 million, or 5 cents per share, a year ago.
Revenue jumped 45 percent to $86.2 million.
Analysts on an average were expecting the company to earn 9 cents per share, on revenue of $78.94 million, according to Thomson Reuters I/B/E/S.
Semafo said gold production was up 5 percent at 65,500 ounces in the third quarter, with 71 percent of it coming from its flagship Mana mine in Burkina Faso in West Africa.
The Saint Laurent, Quebec-based company's shares, which have gained nearly 19 percent in the last month, closed at C$12.60 on Wednesday on the Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Roshni Menon) Keywords: SEMAFO/ (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.