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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $2.700 -0.69 (-20.35%)+
Announcement
Release
23 Apr 2026 8:12AM
Price at Release
$3.390
Full Release
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Summary
West African Resources Limited reported its quarterly activities for Q1 2026, highlighting its gold production and financial performance primarily from its Sanbrado and Kiaka projects in Burkina Faso. The company mined a total of 682kt of ore with a total production of 42,024 ounces of gold at Sanbrado. The Kiaka project produced 65,704 ounces of gold. The company plans extensive exploration drilling across several projects in 2026 to expand its resources. Financially, the company reported a slight decrease in gold sales at Sanbrado, offset by higher prices, while Kiaka's revenue increased due to higher sales and prices. The report also outlines future growth and development plans, including a significant exploration drilling program aimed at resource growth and conversion.
Key Points
  • Sanbrado produced 42,024 ounces of gold in Q1 2026.
  • Kiaka project produced 65,704 ounces of gold.
  • Sanbrado's gold sales revenue decreased by 3%, offset by a higher realized gold price.
  • Kiaka's gold sales revenue increased by 25%.
  • Extensive exploration drilling planned for 2026 to expand resources.
  • M5 South underground drilling confirms potential for mine life extension.
  • Royalty commitments on Kiaka and Toega no longer included in site sustaining costs.
  • Non-sustaining capital expenditure of A$39 million in Q1.
  • Group sold 104,145 ounces of gold at an average price of US$4,945 per ounce.
  • Reported AISC for the group was US$1,921/oz.
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.