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Material Donations with the Exception of Special Donations Taken at the Discretion of the General Manager

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Material Donations with the Exception of Special Donations Taken at the Discretion of the General Manager SEMAFO Foundation Is a key economic player that places people and social development at the heart of its activities. Who we are.............................................................................................. 4 Setting high targets................................................................................. 5 Sectors of intervention in Burkina Faso ................................................ 6 Projects per village from 2009 — Burkina Faso .................................... 8 This year’s achievements ....................................................................... 9 Our investments in 2014-2015 ............................................................. 10 Financial report ....................................................................................... 11 Burkina Faso — Activities ........................................................................ 12 2015-2016 Commitments ..................................................................... 24 Our Partners ............................................................................................ 25 Financial Statements .............................................................................. 26 New zone : Boungou village, Eastern region 2 SEMAFO Foundation—Annual Report 2014-2015 SEMAFO Foundation—Annual Report 2014-2015 3 Who we are MESSAGE from the President The SEMAFO Foundation is a charitable organisation focused on helping West African countries, specifically and from the General Manager communities in Burkina Faso and in Niger in the fight against poverty. Inspired by the United Nations’ Millenium Development Goals (MDGs), the Foundation directs its activities where the need is greatest: Setting High Targets... Universal primary education “Regardless of the direction of the wind, the sun always goes to where it should.” Eradication of extreme poverty and hunger (Congo Brazza) Improved maternal health and role of women Benoit Desormeaux Chantal Guérin President, CPA, CA General Manager, MBA The most significant event of the year was probably the overthrow of The year also saw SEMAFO obtain the first prize for Corporate Social the Blaise Compaoré government by a popular movement in Burkina Responsibility of mining companies in Burkina Faso due to SEMAFO Faso. The days of October 30 and 31, 2014 will remain forever in our Foundation’s activities. In addition, it scooped three special prizes, collective memory. By the next day though, people had resumed their one of which was an award for Communities and Local Development. daily activities as had the SEMAFO Foundation. In 2015-2016, we expect to continue with revenue-generating projects We started the year 2014-2015 with education projects in order to such as the production and transformation of shea butter, honey and prepare for the 2015-2016 back-to-school season. To this end, we sesame. We will advance our knowledge of the Eastern region in order expanded the Sio primary school to six classrooms and added four to develop and implement projects in the communities that are classes to the CEG (College of General Education) in Wona, which had Our mission adapted to their needs. insufficient capacity to keep up with the demand. We allocated 50% of Our mission is to support communities and offer an improved quality of life, nota- the Foundation’s budget to education, which constitutes a solid bly in the regions where SEMAFO or one of its subsidiaries is present. We hope to We wish to thank all ongoing supporters of the Foundation’s activities, foundation on which to secure the future. In addition, we increased influence change through our actions, our investments in community development not least our donors and staff who assist us in developing towns and our charitable activities while reducing our administration costs. projects and through education, to help the people reach their greatest potential. villages in Burkina Faso. Your involvement enables families to have access to education services, health services and drinking water; in Thanks to our partner CESO-SACO and to volunteer help, we enhanced short, it improves their living conditions and offers them hope for a both the image and sales of honey and shea products. Our volunteers better future. In addition to the volunteers that sit on the board of directors, in the 2014-2015 Another highlight of the year was the extending of our sectors of year, the SEMAFO Foundation enjoyed the support of 22 dedicated volunteers who worked a total of 458 hours mainly in Africa. intervention to the Eastern region, and in particular to the area of Partiaga in the province of Tapoa. Although the locality is the largest in the province, the area is sparsely populated and has equally Our employees pressing needs. A team of 9 persons (Burkina Faso (6), Montreal (3)) worked together to develop In addition, we moved our office at Ouagadougou to a bigger location and support our projects in Africa. and updated our website. Our donors In 2014-2015, 80 benefactors supported the SEMAFO Foundation. Financial donations allow the Foundation to implement sustainable development BOARD OF DIRECTOR projects in multiple communities in Burkina Faso. Donations come from across the world and especially from Canada. Thanks to the donations, the Foundation was able to implement infrastructure development projects and revenue-generating projects (shea products, sesame, beekeeping and agriculture); all of which directly improve the quality of life of the Foundation’s beneficiaries. On December 9, 2014, the board of the Foundation took the decision to stop collection of material donations with the exception of special donations taken at the discretion of the General Manager. Benoit Desormeaux Francine Sauriol Nora Farah Sébastien Beauchamp Jean Lamarre Elie Justin Ouedraogo Chantal Guérin President Vice-president Secretary and Treasurer Director Director Director General Manager 4 SEMAFO Foundation—Annual Report 2014-2015 SEMAFO Foundation—Annual Report 2014-2015 5 Sectors of Intervention in Burkina Faso SEMAFO Foundation’s main sectors of intervention in Burkina Faso are the Boucle du Mouhoun region in the north -west of the country, including the provinces of Malhoun and Balé; and the province of Tapoa in the Eastern region. 109 towns and villages benefited from the Foundation’s activities Legend: Cities and villages supported 6 SEMAFO Foundation—Annual Report 2014-2015 SEMAFO Foundation—Annual Report 2014-2015 7 OUR ACHIEVEMENTS this year FCFA 3,487,601,499 3,487,601,499 FCFA $7,526,277 Invested in charitable projects in Invested Investment $522,307 (FCFA 243,937,474) Amount invested in Donation charitable projects 17,043 Infrastructure People impacted Projects 8 Classrooms built $57,589 $730,246 (FCFA 26,686,284) (FCFA 337,301,595) Material donations Income generated by including transport beneficiaries of our projects 3 in Burkina Faso Fresh-water wells 300 solar lamps lamps solar 300 102,256 - Articles distributed 6 School kits Latrines 10 portable solar lamps solar portable 10 - 8,097 School kits distributed N.B.: refurbished and constructed of libraries number total the Indicates * distributed (donations) items 1,483,259 ** kits distributed school 53,508 *** S Awango Total subsidized 1,000 **** S 1,863 ***** Projects per village since 2009 since village per Projects 8 SEMAFO Foundation—Annual Report 2014-2015 SEMAFO Foundation—Annual Report 2014-2015 9 Our Investments in 2014-2015 Balance sheet Charitable expense breakdown* * Indicated amounts do not include all Agriculture and Revenue- Community expenses related to charitable projects Education generating Activities and Production Support $ CDN FCFA such as salaries, travel and telecommuni- cations. The amount invested in projects, INVESTMENT excluding material donations, totaled Education 262,067 119,936,286 $843,033 (FCFA 391,926,081) and included expenses of $9,450 (FCFA Agriculture and revenue-generating activities 76,230 35,719,244 4,681,157) for Niger. (See page 26.) Health 81,996 38,310,163 - Construction of 2 schools (4 classrooms) - Support for the production and - Installation of 3 multifunctional platforms Investment in community and production support 114,857 54,552,938 - Construction of 6 latrines transformation of shea butter - Construction of 3 fresh-water wells Subtotal 535,150 248,518,631 - Support for 8 school canteens - Support for vegetable gardens - Purchase of 60 bicycles - Construction of 4 classrooms for a CEG* VAT recovery (12,843) (6,197,046) - Support for beekeeping - Assistance for the sanitation project - Support for specialized training - Purchase of 61 hand-washing facilities Subtotal 522,307 242,321,585 (6 students) - Support for the production and commercialization of sesame - Purchase of 6 water barrows - Distribution of 8,097 school kits Material Donations - Distribution of 1,182 solar lamps Value of 102,256 articles sent 22,947 10,633,457 - Support for sport tournaments - Support for COGES* Transport costs borne by SEMAFO 25,506 11,819,332 - Tree nursery for a school Real costs for Foundation 4,568 2,116,775 - Purchase of 60 desk-benches - Caravan of Joy project 47% Subtotal 53,021 24,569,5645% $262,067 $76,230 $114,857 TOTAL 575,328 266,891,149 39% 30,153 beneficiaries 22,108 beneficiaries 30,307 beneficiaries 15% 21% Education Health Health Books 15% Community support Donations Clothing 14% Agriculture and RGA - Cervical cancer prevention School and office supplies Investment in - Help for women with obstetric fistula Donations 6% - 102,256 donated items
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