West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd has secured the final US$100 million of a US$265 million loan, advancing the Kiaka Gold Project in Burkina Faso towards its expected first gold pour in the third quarter of 2025. The project is currently 50% complete, and with US$320 million in cash and bullion, the company is well-funded to finish construction. Upon completion, Kiaka will solidify WAF’s position as a significant mid-tier gold producer with a projected output of over 400,000 ounces per annum starting in 2025.
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