West African Resources Ltd (WFRSF)
OTHER OTC:WFRSF
Earnings Data
Report Date
Aug 31, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong operational and financial quarter driven by successful Kiaka ramp-up, robust production (Q4 and full-year), high realized gold prices, strong cash flow and a solid liquidity position. Exploration results indicate meaningful reserve upside and Toega development is progressing on schedule. Key challenges highlighted include localized grade and production declines at M1 South, short-term power instability at Kiaka requiring diesel backup and planned HFO investment, and unresolved government discussions over Kiaka ownership/royalty matters which present execution and political risk. Overall, positives (strong production, revenue, cashflow, low AISC, exploration upside) materially outweigh the operational and political risks discussed.Company Guidance
Strong Quarterly and Annual Production
Total gold production of just over 112,000 ounces in Q4 2025 and a calendar year 2025 total of just over 300,000 ounces, in line with guidance. Sanbrado produced 205,228 ounces for the year (achieving the upper end of its 190,000–210,000 oz guidance).
Kiaka Ramp-Up and Outperformance
Kiaka's first full quarter of operations produced 62,287 ounces in Q4 and ~95,000 ounces for the year following a Q2 start-up. Kiaka surpassed Sanbrado in quarterly production and showed improving costs as production scaled.
High Realized Prices and Revenue
WAF sold 105,995 ounces in the quarter at an average realized price of USD 4,058/oz, generating AUD 662 million of gold sales revenue in Q4 and more than AUD 1.5 billion of revenue for full year 2025. Company remains fully unhedged to benefit from high gold prices.
Strong Cash Generation and Liquidity
Operating cash flow of AUD 389 million in Q4 (after AUD 48 million of income tax payments). Cash balance of AUD 584 million at 31 December 2025 plus AUD 177 million of unsold gold bullion (timing-related).
Low All-In Sustaining Cost (AISC)
All-in sustaining costs averaged USD 1,561 per ounce across the two operations, supporting strong margin given realized prices above USD 4,000/oz.
Exploration Success and Reserve Upside
Diamond drilling beneath the M5 open pit confirmed mineralization more than 300 meters below the current ore reserve and remains open at depth. Notable intersections include 16 m at 11.2 g/t and 45 m at 1.9 g/t. Company expects reserve/long-term plan improvements when recalculated at higher gold prices (last reserve used USD 1,400/oz).
Progress on Toega and Capital Projects
Toega development progressing: earthworks for mine services completed, haul road well advanced, mobile maintenance and other infrastructure under construction, pre-stripping of 250,000 BCM moved and mining equipment arriving with full operational readiness expected by quarter end. Q4 capex was AUD 113 million (AUD 89m Kiaka, AUD 23m Toega).
Community and Social Investment
Continued investment in social programs including scholarships, health centre upgrades, new primary school construction and school refurbishments near Kiaka, demonstrating commitment to social responsibility.
WFRSF 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
WFRSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $2.00 | $2.10 | +5.00% |
Aug 25, 2025 | $1.79 | $1.88 | +5.03% |
Mar 27, 2025 | $1.26 | $1.26 | 0.00% |
Aug 26, 2024 | $1.04 | $0.94 | -9.13% |
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.
FAQ
When does West African Resources Ltd (WFRSF) report earnings?
West African Resources Ltd (WFRSF) is schdueled to report earning on Aug 31, 2026, TBA (Confirmed).
What is West African Resources Ltd (WFRSF) earnings time?
West African Resources Ltd (WFRSF) earnings time is at Aug 31, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is WFRSF EPS forecast?
Currently, no data Available