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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $2.700 -0.08 (-2.88%)+
Announcement
Release
17 Mar 2026 8:16AM
Price at Release
$2.780
Full Release
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Summary
West African Resources Limited (WAF), an unhedged gold mining company, reported a strong financial performance for the year 2025, achieving a net profit after tax (NPAT) of A$567 million. The company generated a revenue of A$1.54 billion and a profit before tax of A$808 million, with cash flow from operating activities amounting to A$790 million. By the end of 2025, WAF had cash and gold bullion worth A$584 million and 27,095 ounces of gold, respectively. The company produced 300,383 ounces of gold at an all-in sustaining cost (AISC) of US$1,488 per ounce and sold 280,065 ounces at an average price of US$3,525 per ounce. The year saw no significant health or safety incidents. Key achievements included the on-budget construction and ramp-up of the Kiaka production center and continued high-margin gold production from Sanbrado. WAF plans to improve revenue and cash flow in 2026 with full-year production from both Kiaka and Sanbrado, and has invested significantly in exploration efforts.
Key Points
  • WAF reported A$567 million NPAT for 2025.
  • Revenue for 2025 was A$1.54 billion.
  • Profit before tax was A$808 million.
  • Operating cash flow was A$790 million.
  • Gold production was 300,383 oz at US$1,488/oz AISC.
  • Gold sales were 280,065 oz at US$3,525/oz average price.
  • No significant health or safety incidents reported.
  • Construction and ramp-up of Kiaka completed on budget.
  • High-margin gold production continued from Sanbrado.
  • Significant investment in exploration drilling in 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.