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The latest update is out from West African Resources Ltd ( (AU:WAF) ).
West African Resources reported strong operating cash flows for the quarter ended 31 March 2026, generating A$440.3 million in net cash from operating activities on customer receipts of A$744.1 million. Payments to suppliers and employees totaled A$306.1 million, while interest income contributed a modest A$2.7 million and finance costs remained limited.
The company continued to invest in its asset base, spending A$90.0 million on property, plant and equipment and a small amount on exploration, resulting in total net cash used in investing activities of A$90.3 million. After financing outflows of A$45.3 million, mainly from debt repayments and interest on borrowings, the group’s cash balance rose from A$584.1 million to A$934.2 million, underscoring robust liquidity and operational cash generation.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$4.50 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 Limited is a mining exploration and production company listed on the ASX, operating in the resources sector. The company focuses on developing and operating mining assets, generating revenue primarily from the sale of mined commodities to its customers in international markets.
Average Trading Volume: 9,435,820
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.93B
Learn more about WAF stock on TipRanks’ Stock Analysis page.