West African Resources Limited: Strong Production Growth and Financial Performance
West African Resources Limited (ASX: WAF) is a gold mining company headquartered in Australia, with operations focused in Burkina Faso, where it operates its primary mining hubs at the Sanbrado and Kiaka projects.
In 2025, the company delivered strong operational and financial results, producing 300,383 ounces of gold and selling 280,065 ounces at an average realised price of US$3,525 per ounce. Revenue reached AU$1.54 billion, while profit after tax rose to AU$567 million. Operating cash flow was AU$790 million, and the company ended the year with AU$584 million in cash and gold bullion holdings, along with net assets of AU$1.76 billion.
Sanbrado produced 205,228 ounces of gold during the year with strong processing performance, while the Kiaka project commenced operations in mid-2025 and produced 95,155 ounces during its ramp-up phase. For the 2025 financial year, the company recorded all-in sustaining costs (AISC) of US$1,488 per ounce.
West African Resources also reported Ore Reserves of 6.5 million ounces and Mineral Resources of about 11.8 million ounces. The company targets average annual gold production of roughly 480,000 ounces between 2025 and 2034, with production expected to exceed 500,000 ounces per year during the peak years.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
West African Resources Limited: Strong Production Growth and Financial Performance
West African Resources Limited (ASX: WAF) is a gold mining company headquartered in Australia, with operations focused in Burkina Faso, where it operates its primary mining hubs at the Sanbrado and Kiaka projects.
In 2025, the company delivered strong operational and financial results, producing 300,383 ounces of gold and selling 280,065 ounces at an average realised price of US$3,525 per ounce. Revenue reached AU$1.54 billion, while profit after tax rose to AU$567 million. Operating cash flow was AU$790 million, and the company ended the year with AU$584 million in cash and gold bullion holdings, along with net assets of AU$1.76 billion.
Sanbrado produced 205,228 ounces of gold during the year with strong processing performance, while the Kiaka project commenced operations in mid-2025 and produced 95,155 ounces during its ramp-up phase. For the 2025 financial year, the company recorded all-in sustaining costs (AISC) of US$1,488 per ounce.
West African Resources also reported Ore Reserves of 6.5 million ounces and Mineral Resources of about 11.8 million ounces. The company targets average annual gold production of roughly 480,000 ounces between 2025 and 2034, with production expected to exceed 500,000 ounces per year during the peak years.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au