West African Resources Ltd
ASX:WAF

Watchlist Manager
West African Resources Ltd Logo
West African Resources Ltd
ASX:WAF
Watchlist
Price: 2.76 AUD -0.72% Market Closed
Market Cap: 3.1B AUD

West African Resources Ltd
Investor Relations

In the heart of the African continent, West African Resources Ltd. stands as a testament to the potential of expertly managed natural resource exploration and mining. Founded with a vision to harness the wealth beneath the rugged terrains of Burkina Faso, the company embarked on an ambitious journey, driven by an impressive blend of engineering expertise and strategic leadership. At the core of its operations lies the Sanbrado Gold Project—a highly profitable endeavor that has become synonymous with West African Resources' success. By employing state-of-the-art extraction technologies and rigorous safety protocols, the company has strategically positioned itself to optimize gold output, ensuring a streamlined production process that meets global standards while remaining economically viable.

West African Resources makes its money primarily by extracting and selling gold. The company's business model revolves around maximizing the yield from its rich deposits, ensuring the economic efficiency of its operations in a competitive market. They focus on maintaining cost-effective operations without compromising the quality of the extracted gold, thereby ensuring a stable cash flow. Their strategic investments in the region's untapped potential, coupled with their commitment to sustainable practices, allow them to capitalize on the prevailing demand for gold. By continually refining their approach and capital re-investment into future projects, West African Resources aims to cement its position as a leading gold producer not just in West Africa, but on the global stage.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Jul 30, 2025
AI Summary
Q4 2025

Kiaka Mine Launch: First gold poured at Kiaka ahead of schedule and below budget, marking a major step for the company.

Production Growth: Now operating two unhedged gold mines, with a goal to reach 500,000 ounces per year by 2030.

Sanbrado Output: Produced 45,611 ounces of gold this quarter, with half-year production at 95,644 ounces, both tracking to guidance.

Strong Sales & Cash: Sold 49,840 ounces at an average price of $3,282/oz, generating $254 million revenue and $86 million operating cash flow.

Cost Headwinds: Site sustaining cost per ounce increased due to one-off demobilization, mill shutdowns, higher royalties, and a stronger gold price.

Balance Sheet: Ended quarter with AUD 279 million cash and AUD 49 million in gold bullion.

Kiaka Power Progress: Grid connection for Kiaka expected in Q3, with backup power in place to ensure ramp-up to full production.

Key Financials
Gold Production (Sanbrado, Q2)
45,611 ounces
Gold Production (Sanbrado, H1)
95,644 ounces
Site Sustaining Cost (Sanbrado, Q2)
USD 1,426 per ounce
Site Sustaining Cost (Sanbrado, H1)
USD 1,311 per ounce
Gold Sales (Q2)
49,840 ounces
Average Gold Sales Price
USD 3,282 per ounce
Gold Sales Revenue
$254 million
Operating Cash Flow (Q2)
AUD 86 million
Income Tax Paid (Q2)
AUD 42 million
Cash Balance (End Q2)
AUD 279 million
Gold Bullion Held
AUD 49 million (9,713 ounces unsold at Sanbrado)
Capital Investment (Q4)
$126 million (including $90 million for Kiaka)
Financing Cash Outflow (Q4)
$12 million (including $10 million interest on borrowings)
Total Reportable Injury Frequency Rate (TRIFR)
1.49
ROM Stockpiles (End Q2)
98,592 ounces contained gold
Kiaka Production Guidance (2025)
100,000 to 150,000 ounces
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard Hyde B.Sc., MAIG, MAusIMM
Founder, Executive Chairman & CEO
No Bio Available
Mr. Padraig O'Donoghue B.Com., CA
CFO & Company Secretary
No Bio Available
Mr. Lyndon Hopkins
COO & Executive Director
No Bio Available
Ms. Elizabeth Anne Mounsey
Executive Director of Human Resources & Executive Director
No Bio Available
Mr. Stuart Cruickshanks
General Manager of Technical Services
No Bio Available
Ms. Ann Atkins
Legal Counsel & Joint Company Secretary
No Bio Available
Nathan Ryan
IR Contact
No Bio Available

Contacts

Address
WESTERN AUSTRALIA
Subiaco
L 1 1 Alvan Street
Contacts