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West African Resources Ltd ( (AU:WAF) ) just unveiled an update.
West African Resources reported group gold production of 107,728 ounces and sales of 104,145 ounces at a realised price of US$4,945 per ounce for the March 2026 quarter, driven by strong performances at its Sanbrado and Kiaka mines in Burkina Faso. The company said production is tracking in line with its 2026 guidance of 430,000 to 490,000 ounces, as Kiaka ramps up open-pit output and Sanbrado prepares for higher underground mined ounces over the rest of the year.
At Sanbrado, open-pit output from the M5 North pit rose sharply while underground production at M1 South moderated but is expected to increase as additional stoping areas come online. Kiaka continued to ramp up with higher mined grades, increased ore tonnes and stronger mill throughput, and West African Resources remains in confidential talks with the Burkina Faso government over the State’s potential acquisition of an additional equity interest in the Kiaka project owner KSA.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.50 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 is an unhedged gold mining company focused on low-cost gold production in Burkina Faso. It operates the Sanbrado and Kiaka gold production centres, positioning the group as a significant regional producer with growing open-pit and underground operations.
Average Trading Volume: 10,043,544
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.75B
See more insights into WAF stock on TipRanks’ Stock Analysis page.