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West African Resources Faces Potential Stake Acquisition by Burkina Faso Government

Story Highlights
  • West African Resources focuses on gold exploration and production in West Africa.
  • The company is preparing an announcement about Burkina Faso’s interest in acquiring a stake in its subsidiary.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West African Resources Faces Potential Stake Acquisition by Burkina Faso Government

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The latest announcement is out from West African Resources Ltd ( (AU:WAF) ).

West African Resources Limited has requested a trading halt on its securities as it prepares to announce a significant development involving the Burkina Faso government’s interest in acquiring an additional 35% stake in its subsidiary, Kiaka SA. This move could have substantial implications for the company’s operations and market positioning, as it involves the ownership of the Kiaka gold project.

The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 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 a company operating in the mining industry, primarily focused on gold exploration and production. It is known for its projects in West Africa, including the recently constructed Kiaka gold project.

Average Trading Volume: 5,361,619

Technical Sentiment Signal: Buy

Current Market Cap: A$3.31B

See more data about WAF stock on TipRanks’ Stock Analysis page.

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