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West African Resources Ltd ( (AU:WAF) ) just unveiled an update.
West African Resources Limited has successfully poured its first gold ahead of schedule and under budget at the Kiaka Gold Project in Burkina Faso. This milestone marks a significant step towards the company’s goal of becoming a major gold producer. The construction and commissioning of the project have been completed, with the processing plant performing well and ramp-up activities underway. The achievement underscores the company’s strategy of operating two long-life, low-cost gold production centers, enhancing its industry positioning and stakeholder confidence.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
More about West African Resources Ltd
West African Resources Limited is an unhedged gold mining company focused on developing and operating gold projects in West Africa. The company aims to become a significant gold producer with a target of producing over 500,000 ounces of gold annually by 2030.
YTD Price Performance: 53.31%
Average Trading Volume: 5,080,654
Technical Sentiment Signal: Buy
Current Market Cap: A$2.51B
Learn more about WAF stock on TipRanks’ Stock Analysis page.