West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd has announced Burkina Faso’s new mining laws, which aim to bolster the state’s involvement and local participation in the mining industry. The changes include an increase in state equity and a reduction in mining permit durations. Despite these changes, WAF maintains its 2024 gold production forecast and continues on schedule for the Kiaka project, with first gold expected in the third quarter of 2025.
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