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An update from West African Resources Ltd ( (AU:WAF) ) is now available.
West African Resources Limited (WAF) is in discussions with the Burkina Faso Government regarding the government’s request to acquire an additional equity interest in Kiaka SA. The company has proposed increasing national participation and government revenue from new and previously closed mining projects as an alternative. These discussions aim to promote sustainable growth in Burkina Faso’s gold mining industry, with a focus on national participation, job creation, and social benefits. WAF’s operations at Sanbrado and Kiaka remain unaffected, and the company is on track to meet its gold production targets for 2025. The announcement also aims to lift the suspension of WAF’s securities from trading.
The most recent analyst rating on (AU:WAF) stock is a Sell with a A$3.00 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 (WAF) is a company engaged in the gold mining industry, focusing on the development and operation of gold mining projects in Burkina Faso. The company is listed on the Australian Securities Exchange (ASX) under the ticker WAF.
Average Trading Volume: 6,670,317
Technical Sentiment Signal: Buy
Current Market Cap: A$3.47B
Find detailed analytics on WAF stock on TipRanks’ Stock Analysis page.