An announcement from West African Resources Ltd ( (AU:WAF) ) is now available.
West African Resources Limited reported a strong Q1 2025 performance with 50,033 ounces of gold produced at an all-in sustaining cost of US$1,262 per ounce, and unhedged gold sales of 48,338 ounces at an average price of US$2,832 per ounce. The company is progressing well with the Kiaka project, maintaining its schedule and budget, and aims to ramp up mining in Q2 2025. The Toega project also shows promising potential with a maiden underground mineral resource estimate. The company is on track to meet its 2025 production guidance, and the transition to owner-mining is expected to enhance operational efficiency.
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 gold production and exploration, with significant operations at the Sanbrado Gold Operations and development projects like Kiaka and Toega.
YTD Price Performance: 51.09%
Average Trading Volume: 14,979
Technical Sentiment Signal: Sell
Current Market Cap: $1.67B
For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.