Top Page
West African Resources Ltd
(Sydney:WAF)
West African Resources Ltd (WAF) vs. iShares MSCI Australia ETF (EWA)
West African Resources Ltd Business Overview & Revenue Model
West African Resources Ltd Earnings Call Summary
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 |
| EBITDA | 421.01M | 329.81M | 319.37M | 437.83M | 191.69M |
| Net Income | 223.84M | 146.87M | 164.44M | 188.96M | 89.36M |
Balance Sheet | |||||
| Total Assets | 1.97B | 1.22B | 878.71M | 804.25M | 530.71M |
| Cash, Cash Equivalents and Short-Term Investments | 391.67M | 135.08M | 173.39M | 183.41M | 95.07M |
| Total Debt | 425.97M | 149.15M | 22.18M | 25.80M | 242.14M |
| 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 | 251.64M | 207.19M | 223.80M | 349.66M | 147.92M |
| Investing Cash Flow | -489.34M | -228.34M | -180.79M | -107.96M | -116.90M |
| Financing Cash Flow | 512.72M | -23.18M | -15.71M | -154.56M | -21.11M |
West African Resources Ltd Technical Analysis
West African Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | 16.83% | 24.12% | 46.42% | 99.69% | |
| ― | $6.74B | 8.51 | 28.58% | 2.29% | 36.34% | 110.55% | |
| ― | $3.47B | 10.48 | 26.84% | ― | 23.87% | 92.57% | |
| ― | $3.20B | 36.36 | 14.25% | ― | 17.59% | 0.98% | |
| ― | AU$5.33B | 22.56 | 13.09% | ― | 130.98% | ― | |
| ― | $4.86B | 133.51 | 2.43% | 0.58% | 89.86% | -81.65% | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
West African Resources Ltd Corporate Events
West African Resources Ltd has released a presentation outlining its current position and future outlook. The presentation emphasizes that the company is not making any offers or financial product advice, and it includes non-IFRS financial measures to provide additional insights into its operations. The release highlights the company’s commitment to transparency and the provision of relevant information to stakeholders, although it does not guarantee future performance.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd presented at the Africa Down Under conference in September 2025, highlighting its strategic initiatives and operational performance. The presentation emphasized the company’s growth trajectory and its commitment to increasing production capacity, which is expected to strengthen its market position and provide value to stakeholders.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd has announced the quotation of 34,863 fully paid ordinary securities on the ASX, effective from August 27, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and potentially improve its market positioning, which could have implications for its stakeholders.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd has announced a suspension of its securities from quotation following a request from the government of Burkina Faso to acquire an additional 35% stake in its subsidiary, Kiaka SA. The suspension will remain in place until the company complies with ASX Listing Rules and provides the necessary announcement, impacting its operations and potentially altering its strategic positioning in the region.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Limited has requested a trading halt on its securities as it prepares to announce a significant development involving the Burkina Faso government’s interest in acquiring an additional 35% stake in its subsidiary, Kiaka SA. This move could have substantial implications for the company’s operations and market positioning, as it involves the ownership of the Kiaka gold project.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$3.40 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd, a gold mining company operating primarily in Burkina Faso, is known for its significant gold production projects, including the Sanbrado and Kiaka Gold Projects. The company’s latest earnings report for the first half of 2025 highlights a substantial increase in revenue and profit, driven by higher gold prices despite a slight decrease in gold ounces sold. Key financial metrics include a 39% increase in revenue to A$477.3 million and a 133% rise in profit after tax to A$214.6 million. The company also reported a net debt position of A$132.8 million, reflecting ongoing investments in its mining projects. Looking ahead, West African Resources remains focused on expanding its production capacity, with a target to significantly increase gold output over the next decade, supported by ongoing development at its key mining sites.
West African Resources Limited reported a strong financial performance for the first half of 2025, with a net profit after tax of A$215 million from revenue of A$477 million. The company achieved gold production of 95,644 ounces and sales of 98,178 ounces, highlighting its robust operational capabilities and solid market positioning.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd has released its half-year financial report for the period ending June 30, 2025. The report provides a comprehensive overview of the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This financial disclosure is crucial for stakeholders to assess the company’s operational efficiency and financial health, impacting its market positioning and future strategic decisions.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd announced the issuance of 1,064,406 fully paid ordinary securities on August 19, 2025. This move is part of the company’s strategy to enhance its market presence and operational capacity, potentially impacting its stakeholders positively by increasing the liquidity and capital available for its projects.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd has announced that BlackRock Group, including BlackRock Inc. and its subsidiaries, has ceased to be a substantial holder in the company as of August 8, 2025. This change in substantial holding could impact the company’s shareholder structure and influence, potentially affecting its strategic decisions and market perception.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd has released an investor presentation dated August 2025, highlighting its position as a growing mid-tier producer in the mining industry. The presentation provides a summary of the company’s operations and financial performance, emphasizing its focus on gold production. While the document contains forward-looking statements, it primarily serves as an informational overview for investors, without constituting a financial offer or advice.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Limited has announced an updated 10-year production outlook, projecting a peak gold production of 569,000 ounces in 2029. The company plans to produce 4.8 million ounces of gold over the next decade, with significant contributions from its Sanbrado and Kiaka operations. The completion of construction at Kiaka ahead of schedule and under budget, along with stable open pit mining operations, positions the company for continued growth. The company aims to enhance production through extensive exploration drilling, which could further boost annual output and strengthen its market position in Burkina Faso.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Ltd reported its quarterly cash flow, highlighting a net cash inflow from operating activities amounting to $86,446,000 for the current quarter. However, the company experienced a net cash outflow from investing activities of $125,919,000, primarily due to significant expenditures on property, plant, and equipment. The overall financial activities resulted in a decrease in cash and cash equivalents, impacting the company’s liquidity position.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Limited reported a productive second quarter in 2025, with notable achievements including the production of 45,611 ounces of gold at the Sanbrado operation and the successful early completion and gold pouring at the Kiaka site. The company is transitioning to owner-operated open pit mining at Sanbrado and has made significant progress in resource definition drilling, which will be incorporated into an updated production plan. These developments support the company’s strategic goal of reaching 500,000 ounces of gold production annually by 2030.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.
West African Resources Limited announced it will host an investor webinar and conference call on July 30, 2025, to discuss its June 2025 quarterly report. The event will be led by Executive Chairman and CEO Richard Hyde, providing stakeholders with insights into the company’s recent performance and future prospects.
The most recent analyst rating on (AU:WAF) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on West African Resources Ltd stock, see the AU:WAF Stock Forecast page.