Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
West African Resources Ltd ( (AU:WAF) ) has provided an update.
West African Resources Limited has announced an updated 10-year production outlook, projecting a peak gold production of 569,000 ounces in 2029. The company plans to produce 4.8 million ounces of gold over the next decade, with significant contributions from its Sanbrado and Kiaka operations. The completion of construction at Kiaka ahead of schedule and under budget, along with stable open pit mining operations, positions the company for continued growth. The company aims to enhance production through extensive exploration drilling, which could further boost annual output and strengthen its market position in Burkina Faso.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 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 operating primarily in Burkina Faso. The company focuses on the exploration and production of gold, with significant operations at the Sanbrado Gold Operations and the Kiaka Gold Operation.
Average Trading Volume: 5,123,954
Technical Sentiment Signal: Buy
Current Market Cap: A$2.58B
See more data about WAF stock on TipRanks’ Stock Analysis page.