Jan 29 (Reuters) - Semafo Inc:

* To produce up to 240,000 ounces of gold in 2009

* Says average cash operating cost for 2008 is expected to be approximately

$465 per ounce

* Says capital expenditures for 2009 are expected to be $13 million

* Says average cash operating cost for 2009 estimated to be between $435 and

$475 per ounce

* All figures in c$

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