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West African Resources Ltd (AU:WAF)
ASX:WAF
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.17Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 28, 2019
|% Change Since: 10.58%
|Next Earnings Date:Sep 25, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in gold production and cost efficiency, coupled with significant progress on key projects like Kiaka. Despite a slight decline in underground mined ounces, the company's financial health and safety achievements stand out prominently. The political situation in Burkina Faso remains a concern, though it has not significantly impacted operations.Company Guidance
During the earnings call for Q2 2024, West African Resources executives provided a detailed update on their operational performance and financial health. The company reported strong gold production at the Sanbrado mine with 58,047 ounces produced at an all-in sustaining cost of USD 1,030 per ounce, surpassing their annual production guidance with a total of 226,823 ounces at an all-in sustaining cost of USD 1,126 per ounce. The open-pit production increased by 54%, while underground mined ounces achieved grades 16% higher than the previous quarter. Financially, WAF ended the year with a cash balance of AUD 135 million and a net cash position of AUD 89 million, excluding a USD 100 million drawdown from their loan facility. Gold sales amounted to 66,059 ounces in Q4, generating AUD 200 million in revenue, with an average sale price of USD 1,978 per ounce. The company remains unhedged and is progressing with the construction of the Kiaka project, having spent USD 120 million by the end of December, with expectations to pour first gold in the second half of 2025. The executives anticipate releasing their 2024 guidance and a 10-year production outlook in the coming weeks.Strong Gold Production at Sanbrado
Achieved 58,047 ounces of gold production at an all-in sustaining cost of USD 1,030 per ounce in the December quarter, reaching the upper end of 2023 production guidance.
Cost Efficiency
Outperformed cost guidance with an all-in sustaining cost of USD 1,126 per ounce against the guidance of USD 1,175 per ounce.
Safety Milestone
Achieved 5 million hours worked without a Lost Time Injury in 2023, highlighting strong safety performance.
Kiaka Project Progress
Construction is on schedule and budget, with USD 120 million spent by December 2023. First gold pour is expected in the second half of 2025.
Healthy Financial Position
Closed the year with a cash balance of AUD 135 million and a net cash position of AUD 89 million.
Mineral Resource Estimate for M5 South
Completed inaugural mineral resource estimate of 289,000 ounces of gold and a scoping study for M5 South.
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AU:WAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:WAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 26, 2024 | AU$1.47 | AU$1.47 | 0.00% |
| Mar 13, 2024 | AU$0.97 | AU$1.00 | +3.61% |
| Aug 28, 2023 | AU$0.84 | AU$0.84 | 0.00% |
| Aug 22, 2022 | AU$1.29 | AU$1.33 | +3.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does West African Resources Ltd (AU:WAF) report earnings?
West African Resources Ltd (AU:WAF) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is West African Resources Ltd (AU:WAF) earnings time?
West African Resources Ltd (AU:WAF) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of West African Resources Ltd stock?
The P/E ratio of West African Resources Ltd is N/A.
What is AU:WAF EPS forecast?
AU:WAF EPS forecast for the fiscal quarter 2024 (Q4) is 0.17.
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