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West African Resources Limited (ASX:WAF)

ALERT: Price-sensitive ASX Announcement for WAF
Current share price for WAF : $3.690 0.74 (25.08%)+
Announcement
Release
7 Jul 2026 8:22AM
Price at Release
$2.950
Full Release
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Summary
West African Resources Limited reported its production update for the June 2026 quarter, showing significant progress in gold production from its Sanbrado and Kiaka centers in Burkina Faso. The company produced 125,179 ounces of gold and sold 110,737 ounces at an average price of US$ 4,556 per ounce for Q2. Year-to-date figures indicate a production of 232,905 ounces and sales of 214,883 ounces at US$ 4,744 per ounce. The Sanbrado plant demonstrated robust performance with increased milling and recovery rates, while Kiaka experienced a slight decrease in mining outputs. WAF remains on track to meet its annual production guidance and continues to work on strategic acquisitions to bolster its operations.
Key Points
  • West African Resources Limited provided a production update for the June quarter 2026.
  • Q2 Group gold production was 125,179 ounces.
  • Q2 Group gold sales amounted to 110,737 ounces at a realized price of US$ 4,556 per ounce.
  • Year-to-date (YTD) Group gold production reached 232,905 ounces.
  • YTD Group gold sales were 214,883 ounces at a realized price of US$ 4,744 per ounce.
  • Sanbrado and Kiaka are the two primary gold production centers in Burkina Faso.
  • Sanbrado produced 57,608 ounces of gold in Q2, with a 93.7% recovery rate.
  • Kiaka produced 67,571 ounces of gold in Q2, with a 92.9% recovery rate.
  • WAF is on track to achieve the 2026 annual guidance of 430,000 – 490,000 ounces of gold.
  • The Sanbrado process plant milled 787kt of ore with a head grade of 2.4 g/t.
  • Open pit mining at Kiaka showed a decrease in mined ounces and ore tonnes.
  • WAF is finalizing the acquisition of a 25% stake in Kiaka SA by SOPAMIB.
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.