West African Resources Hits Guidance for Fifth Straight Year as Kiaka Ramp-Up Boosts Output

West African Resources Ltd ( (AU:WAF) ) has shared an update.

West African Resources reported that it met its 2025 production and cost guidance for the fifth consecutive year, underlining consistent operational performance at its Sanbrado and newly commissioned Kiaka gold mines. Group gold output reached 300,383 ounces in 2025 at an all-in sustaining cost of US$1,488 per ounce, supported by a strong December quarter that delivered 112,019 ounces at US$1,561 per ounce and generated A$389 million in operating cash flow, leaving the company with A$584 million in cash and A$177 million in unsold bullion. Sanbrado produced 205,228 ounces at a site sustaining cost of US$1,348 per ounce despite higher royalty costs from rising gold prices, while Kiaka’s first full quarter of operations produced 62,287 ounces as ramp-up advanced on predominantly diesel power. With no significant health or safety incidents and a Total Reportable Injury Frequency Rate well below the Western Australian gold industry average, the company is now preparing to release 2026 production guidance, update resources, reserves and its 10‑year production plan, and outline a capital management strategy, moves that could further consolidate its position as a growing, low-cost West African gold producer.

The most recent analyst rating on (AU:WAF) stock is a Buy with a A$4.00 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 listed on the ASX, operating the Sanbrado and Kiaka gold production centres in West Africa. The group focuses on open-pit and underground gold mining and processing, with a strategy centred on growing low-cost production and maintaining operational and financial flexibility through strong cash generation and no hedging of gold sales.

Average Trading Volume: 11,728,416

Technical Sentiment Signal: Buy

Current Market Cap: A$4.25B

Learn more about WAF stock on TipRanks’ Stock Analysis page.