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West African Resources Ltd ( (AU:WAF) ) just unveiled an announcement.
West African Resources has issued its 2026 guidance, forecasting record group gold production of 430,000 to 490,000 ounces at an all-in sustaining cost below US$1,900 per ounce, underpinned by the first full year of operations at Kiaka and continued strong output from Sanbrado. The company plans over 100,000 metres of drilling and a US$20 million exploration budget to extend mine lives and support long-term production growth, while also considering dividends or share buybacks in the second half of 2026, although cost guidance may be revised if fuel or other operating inputs rise materially.
Drilling campaigns at Sanbrado, Kiaka and nearby deposits such as M1 South, M5 South and Toega are aimed at expanding resources, securing mine life beyond 10 years and paving the way for a maiden underground reserve at Toega in 2027. These initiatives, combined with updated resources, reserves and a 10-year production plan that increases Sanbrado’s profile and models higher throughput at Kiaka, reinforce West African Resources’ strategy to become a sustainable 500,000-plus ounce gold producer despite exposure to Burkina Faso’s sliding-scale royalties and potential global cost pressures.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.00 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 Ltd is an unhedged gold mining company listed on the ASX that operates the Sanbrado and Kiaka gold projects in Burkina Faso. The group focuses on large-scale gold production and resource growth in West Africa, aiming to position itself as a sustainable mid-tier producer exceeding 500,000 ounces of gold annually.
YTD Price Performance: 0.33%
Average Trading Volume: 10,002,052
Technical Sentiment Signal: Buy
Current Market Cap: A$3.44B
For an in-depth examination of WAF stock, go to TipRanks’ Overview page.