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West Wits Mining Limited ( (AU:WWI) ) has provided an update.
West Wits Mining has produced its first gold from the Qala Shallows Gold Project, the initial stage of its Witwatersrand Basin Project in Gauteng, South Africa, with the inaugural pour completed on 17 March 2026 at Sibanye-Stillwater’s Ezulwini processing plant. The achievement, delivered on the company’s targeted Q1 2026 timeline, marks West Wits’ transition from developer to gold producer after years of securing mining rights, financing, and mine construction.
The company is now focused on ramping up underground development, increasing ore deliveries to Ezulwini, and moving toward steady-state operations while advancing broader growth options across the Witwatersrand Basin Project. Qala Shallows also represents the first new operational underground gold mine developed in South Africa in more than 15 years, underscoring the enduring potential of the Witwatersrand Basin and signaling a notable milestone for the country’s mining sector.
The most recent analyst rating on (AU:WWI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an Australia-listed gold mining company focused on developing and operating underground gold assets in South Africa’s Witwatersrand Basin. Its flagship project is the Qala Shallows Gold Project, Stage 1 of the broader Witwatersrand Basin Project in Gauteng, with ore processed via a toll-treatment agreement at Sibanye-Stillwater’s Ezulwini plant.
Average Trading Volume: 22,317,789
Technical Sentiment Signal: Buy
Current Market Cap: A$315.9M
For a thorough assessment of WWI stock, go to TipRanks’ Stock Analysis page.