tiprankstipranks
Trending News
More News >

West African Resources Aligns with Burkina Faso’s 2024 Mining Code

Story Highlights
  • West African Resources will increase Burkina Faso’s equity interest in its projects to 15%.
  • The company’s 2025 production guidance and Kiaka project schedule remain unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West African Resources Aligns with Burkina Faso’s 2024 Mining Code

Confident Investing Starts Here:

West African Resources Ltd ( (AU:WAF) ) has provided an announcement.

West African Resources Limited has announced its decision to align with the 2024 Burkina Faso Mining Code by increasing the State’s free-carried equity interest in its mining projects from 10% to 15%. This change follows discussions with various stakeholders and does not affect the company’s 2025 gold production guidance or the construction schedule of the Kiaka project, which remains on track.

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 operating in Burkina Faso. The company focuses on gold production and has three operating projects: Sanbrado, Kiaka, and Toega.

Average Trading Volume: 4,333,151

Technical Sentiment Signal: Buy

Current Market Cap: A$3.17B

For an in-depth examination of WAF stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App