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West African Resources Ltd
(OTC:WAF)
West African Resources Ltd (WAF) vs. S&P 500 (SPY)
West African Resources Ltd Business Overview & Revenue Model
West African Resources Ltd Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 724.37M | 658.82M | 606.13M | 711.54M | 310.31M | Gross Profit |
| 421.81M | 354.73M | 340.45M | 461.97M | 189.15M | EBIT |
| 0.00 | 236.42M | 259.67M | 380.28M | 167.51M | EBITDA |
| 420.09M | 329.81M | 319.37M | 437.83M | 191.69M | Net Income Common Stockholders |
| 223.84M | 146.87M | 164.44M | 188.96M | 89.36M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 391.67M | 135.08M | 173.39M | 183.41M | 95.07M | Total Assets |
| 1.97B | 1.22B | 878.71M | 804.25M | 530.71M | Total Debt |
| 425.97M | 149.15M | 22.18M | 25.80M | 242.14M | Net Debt |
| 34.30M | 14.07M | -151.21M | -157.57M | 147.11M | Total Liabilities |
| 660.42M | 315.01M | 138.14M | 249.84M | 358.45M | Stockholders Equity |
| 1.25B | 861.20M | 700.50M | 525.05M | 165.23M |
| Cash Flow | Free Cash Flow | |||
| -235.71M | -21.14M | 108.92M | 294.40M | 38.47M | Operating Cash Flow |
| 0.00 | 207.19M | 223.80M | 349.66M | 147.92M | Investing Cash Flow |
| -487.35M | -228.34M | -180.79M | -107.96M | -116.90M | Financing Cash Flow |
| 466.04M | -23.18M | -15.71M | -154.56M | -21.11M |
West African Resources Ltd Technical Analysis
West African Resources Ltd Peers Comparison
West African Resources Ltd Earnings Call Summary
West African Resources Ltd Corporate Events
West African Resources Ltd has announced that a substantial holder has acquired a significant voting interest in the company. This acquisition involves various financial institutions, including State Street Bank and Trust Company, which now hold a considerable number of ordinary shares, indicating a strategic positioning in the company’s voting power. The implications of this acquisition could potentially influence the company’s decision-making processes and impact its market dynamics.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Ltd as of April 28, 2025. This change occurred due to the sale of securities by an entity controlled by First Sentier Investors Holdings Pty Ltd and the purchase of securities by an entity controlled by Morgan Stanley. This shift in substantial holding could impact the company’s shareholder dynamics and influence its market positioning.
West African Resources Ltd has announced that First Sentier Investors has ceased to be a substantial holder in the company as of April 28, 2025. This change in substantial holding could impact the company’s shareholder structure and influence its market dynamics, potentially affecting investor sentiment and future strategic decisions.
West African Resources Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company, with a relevant interest in 67,465,781 fully paid ordinary shares, representing a 5.92% voting power. This development indicates a significant investment by Mitsubishi UFJ Financial Group, Inc., potentially impacting the company’s market position and stakeholder interests by increasing its influence in corporate decisions.
West African Resources Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is a result of various transactions involving the purchase and sale of securities by entities controlled by First Sentier Investors Holdings Pty Ltd and Morgan Stanley, reflecting a shift in the company’s shareholder structure.
West African Resources Ltd has announced a significant change in its substantial holdings, with First Sentier Investors Holdings Pty Limited and its subsidiaries now holding a notable voting power in the company. This development indicates a shift in the control dynamics of the company, potentially impacting its strategic decisions and market positioning.
West African Resources Limited announced a correction to their Quarterly Activities Report, clarifying that the unsold gold bullion at the end of Q1 was valued at US$43 million, not A$43 million as previously stated. This amendment highlights the company’s significant gold reserves, potentially impacting market perceptions and stakeholder interests.
West African Resources Ltd reported a net cash inflow from operating activities of $73,016,000 for the current quarter, indicating strong operational performance. However, the company experienced a net cash outflow in investing activities amounting to $122,668,000, primarily due to significant expenditures on property, plant, and equipment. The overall cash position decreased, reflecting the company’s ongoing investment in its operational infrastructure, which may impact its short-term liquidity but could enhance long-term production capabilities.
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.
West African Resources Ltd has announced the quotation of 14,704 new ordinary fully paid securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of convertible securities. This move is likely to enhance the company’s capital structure and potentially improve its market position, providing additional resources for its operations in the competitive mining sector.
West African Resources Ltd has released its 2024 Sustainability Report, outlining its commitment to sustainable practices and community engagement. The report highlights the company’s efforts in managing environmental impact, supporting local economies, and ensuring the health and safety of its workforce, which are crucial for maintaining its industry position and fostering positive relationships with stakeholders.
West African Resources Limited reported a solid start to 2025 with its Sanbrado Gold Operations producing 50,033 ounces of gold in the first quarter. The company sold 48,338 ounces at an average price of US$2,832 per ounce and is on track to meet its annual production guidance of 190,000 to 210,000 ounces. The increase in underground mined ounces and the steady performance of the Sanbrado process plant highlight the company’s strong operational capabilities, positioning it well within the industry.
West African Resources Ltd has reported a change in the substantial holding of L1 Capital Pty Ltd in its voting securities. The voting power of L1 Capital has decreased from 10.04% to 9.03%, reflecting a change in the number of shares held. This adjustment in holdings could influence the company’s shareholder dynamics and potentially impact its strategic decisions moving forward.
West African Resources Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled to be held on May 9, 2025, at the Nedlands Yacht Club in Western Australia. The company encourages shareholders to participate either in person or by proxy, with proxy voting available online. This meeting is a significant event for stakeholders as it provides an opportunity to engage with the company’s management and discuss future strategies.
West African Resources Limited has announced its Annual General Meeting (AGM) scheduled for May 9, 2025, at the Nedlands Yacht Club in Western Australia. The meeting will cover the financial report for the year ending December 31, 2024, and include a non-binding resolution to adopt the remuneration report. Shareholders are encouraged to participate, with specific instructions provided for proxy voting. The announcement underscores the company’s commitment to transparency and shareholder engagement, which could impact its governance and stakeholder relations.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in West African Resources Ltd, acquiring a significant voting power of 6.39% through various fully paid ordinary shares. This development indicates a strategic move by Mitsubishi UFJ Financial Group to strengthen its influence and presence in the company, potentially impacting West African Resources Ltd’s market dynamics and stakeholder interests.
West African Resources Ltd has announced that Mitsubishi UFJ Financial Group (MUFG) has acquired a substantial holding in the company through its subsidiary, First Sentier Investors Holdings Pty Limited. This acquisition grants MUFG significant voting power and a relevant interest in the shares of West African Resources, potentially impacting the company’s governance and strategic direction.
West African Resources Ltd has announced the application for the quotation of 14,704 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective March 28, 2025. This move signifies the company’s strategic efforts to enhance its market presence and potentially increase its capital base, which could have implications for its operational capacity and stakeholder value.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Ltd. The change in their substantial holding status was due to a series of transactions involving the sale and purchase of securities, primarily controlled by Morgan Stanley, which affected the voting securities of the company. This development may impact the company’s shareholder structure and influence its market dynamics.
West African Resources Ltd has announced a change in substantial holding, with State Street Corporation and its subsidiaries ceasing to be substantial holders as of March 24, 2025. This change in holding could impact the company’s voting securities and potentially alter its market dynamics, affecting stakeholders and the company’s strategic direction.
West African Resources Limited announced the retirement of Non-executive Director Nigel Spicer at the upcoming Annual General Meeting, with Jayde Webb nominated to fill his position. Webb’s extensive experience in the mining sector is expected to enhance the board’s composition, providing a majority of independent directors, which could positively impact the company’s strategic direction and stakeholder confidence.
West African Resources Ltd has announced a significant change in its shareholder structure, with State Street Corporation and its subsidiaries becoming substantial holders as of March 21, 2025. This development indicates a notable shift in voting power and could impact the company’s strategic decisions, potentially influencing its market positioning and stakeholder relations.
West African Resources Ltd announced the issuance of unquoted equity securities in the form of performance rights under an employee incentive scheme. This issuance involves a total of 1,847,907 performance rights, which are not intended to be quoted on the ASX. The move is part of the company’s strategy to incentivize and retain its employees, potentially enhancing operational performance and aligning employee interests with shareholder value.
West African Resources Limited has announced positive results from its scoping study and resource estimation for a potential underground development at the Toega site, beneath the Sanbrado gold production center. The study highlights a maiden underground mineral resource estimate of 4.9 million tonnes at 3.5 g/t for 560,000 ounces of gold. The Toega underground project is expected to produce an average of 81,000 ounces of gold per annum from years 2 to 6, adding 515,000 ounces to the life-of-mine production over a seven-year period. The company plans to fund the estimated US$42 million pre-production capital expenditure through internal cashflows and loans. The combination of Toega underground mining and secondary crushing at Sanbrado could potentially increase Sanbrado’s annual gold production by approximately 50% to around 300,000 ounces per year.
Mitsubishi UFJ Financial Group, Inc. has increased its voting power in West African Resources Ltd, as reflected in a recent change of interests notice. The change in voting power signifies a potential shift in influence within the company, which may impact its strategic decisions and stakeholder interests.
Morgan Stanley and its subsidiaries have become substantial holders in West African Resources Ltd, acquiring a 5.11% voting power through various entities. This development indicates a significant investment from Morgan Stanley, which could impact West African Resources’ market dynamics and investor confidence.
West African Resources Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company, with a voting power of 5.16% through its relevant interest in securities. This development signifies a significant investment by a major financial group, potentially impacting the company’s strategic direction and market perception positively.
West African Resources Ltd has announced a change in the substantial holding of its shares, with First Sentier Investors Holdings Pty Limited and its related entities now holding a significant voting power. This change reflects a shift in the voting power dynamics within the company, potentially impacting its strategic decisions and stakeholder interests.
West African Resources Ltd has announced a change in substantial holding, with Mitsubishi UFJ Financial Group (MUFG) now having a relevant interest in the company’s shares through its subsidiary, First Sentier Investors Holdings Pty Limited. This development signifies a shift in the voting power dynamics within the company, potentially influencing future strategic decisions and impacting stakeholders involved.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Ltd as of March 13, 2025. This change was due to the purchase of securities by an entity controlled by Morgan Stanley, which affected a significant number of fully paid ordinary shares, thereby altering the voting interests previously held by Mitsubishi UFJ Financial Group.
West African Resources Ltd has announced that it has ceased to be a substantial holder in a particular investment, as indicated in a notice dated March 10, 2025. This change involves alterations in relevant interests and associations with voting securities, impacting the company’s stake and possibly its strategic positioning.
Mitsubishi UFJ Financial Group, through its subsidiary First Sentier Investors Holdings Pty Limited, has become a substantial holder in West African Resources Ltd, acquiring a significant number of fully paid ordinary shares. This development indicates a strategic investment move by Mitsubishi UFJ Financial Group, potentially enhancing its influence and voting power within West African Resources Ltd, which could impact the company’s strategic decisions and market positioning.
West African Resources Ltd has released an investor presentation detailing its strategic goals, including an aspiration to become a sustainable producer of over 500,000 ounces of gold annually within five years. The presentation highlights the company’s focus on operational efficiency and cost management, though it acknowledges that these goals are aspirational and subject to various risks and uncertainties.
West African Resources Limited reported a strong financial performance for 2024, with a net profit after tax of $246 million and a revenue of A$730 million. The company produced 206,622 ounces of gold and is on track with the construction of its Kiaka project, expected to double its annual gold production to over 420,000 ounces by 2025.
West African Resources Limited has released its 2024 annual report, detailing its corporate structure and operational locations in Australia and Burkina Faso. The report highlights the company’s ongoing commitment to its gold mining operations, which are crucial to its strategic positioning in the mining industry. The release underscores the company’s dedication to maintaining its market presence and operational efficiency, which are vital for stakeholders and investors.
West African Resources Ltd has announced its production guidance for 2025, projecting gold output of 290,000 to 360,000 ounces from its Sanbrado and Kiaka operations in Burkina Faso. The Kiaka mine is set to commence production in the third quarter of 2025, and the company plans significant drilling and development activities to extend mine life and increase production, reflecting its growth trajectory.
West African Resources Ltd has announced that State Street Corporation and its subsidiaries have become a substantial holder in the company, with a voting power of 5.25%. This development represents a significant interest in the company’s shares, indicating a potential strategic influence over future corporate decisions and may impact the company’s market positioning and stakeholder dynamics.
West African Resources Ltd has announced a change in the substantial holding of State Street Corporation’s subsidiaries, as they cease to be substantial holders of the company. This change reflects a shift in voting securities and associations, potentially impacting the company’s governance and stakeholder interests, although specific implications are not detailed.
West African Resources Ltd has announced a change in the interests of its director, Richard Hyde, involving the disposal of 15,099 performance rights. This change reflects the company’s ongoing management of its securities and aligns with its performance-based incentives, which may impact the company’s governance and stakeholder interests.
West African Resources Limited has announced the issuance of 85,335 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the end of the restriction period, demonstrating the company’s commitment to aligning employee incentives with company performance and future growth strategies.
West African Resources Limited has announced a change in the interests of its substantial holder, L1 Capital Pty Ltd, which now holds a 10.04% stake in the company, up from a previous 8.90%. This increase in voting power suggests a strengthened position for L1 Capital within the company, potentially impacting shareholder dynamics and future decision-making processes.
West African Resources Ltd has announced a significant change in its shareholder structure, with a substantial holder acquiring a notable percentage of voting shares. This development indicates a shift in the company’s ownership, potentially impacting its strategic decisions and market positioning. The acquisition involves several major financial institutions, which may influence the company’s future operational and financial strategies.
West African Resources Ltd has announced that State Street Corporation, along with its subsidiaries, has ceased to be a substantial holder in the company as of February 10, 2025. This change in shareholding may affect the company’s governance and investment dynamics, potentially impacting its strategic decision-making and shareholder relations.