Business · Markets · 2 days ago
West African Resources reports record quarterly gold production
West African Resources produced 127,950 ounces of gold in the September quarter at its Sanbrado and Kiaka mines in Burkina Faso.
It sold 135,245 ounces at an average price of US$4,240 per ounce.
The company said it remains on track to produce 430,000 to 490,000 ounces this year.
Macquarie said production was 11% above its expectations, mainly because more material was processed at Kiaka.
Sanbrado produced slightly less than the broker expected, but Burkina Faso has approved an underground extension there.
Work has begun, and mining from the extension is scheduled to start in early 2027; the company expects the delay to have little effect on that year's production.
Macquarie kept its outperform rating and $4 share price target, while saying production risks for 2027 had fallen.
The company said it expects to meet its annual target, provided there are no major disruptions.
West African Resources produced a record 127,950 ounces of gold in the September quarter from its Sanbrado and Kiaka mines in Burkina Faso.
The company sold 135,245 ounces at US$4,240 per ounce.
It said it remained on track to meet annual production guidance of 430,000 to 490,000 ounces.
Macquarie said quarterly production was 11% above consensus estimates and maintained its Outperform rating.
The Burkina Faso Government approved the M5 South underground extension at Sanbrado, where stoping is scheduled to start in early H2 2027.
- Who
- West African Resources Ltd, an Australian-listed gold producer.
- What
- It reported record quarterly production of 127,950 ounces of gold.
- When
- The quarter ended in September; the article was published on October 9, 2026.
- Where
- The Sanbrado and Kiaka gold mines in Burkina Faso.
- Why
- Not stated
This story does not have two clearly opposing sides.
the record quarter maintained the company's production run rate at more than 500,000 ounces per year.
We maintain our Outperform recommendation for WAF, with lowered risk to CY27 production from receipt of the Sanbrado underground mine plan.
West African Resources produced 127,950 ounces of gold and sold 135,245 ounces.
The company released its quarterly gold production figures.
Stoping activities at the M5 South underground extension are scheduled to start.
- Quarterly production
- 127,950 ounces of gold
- Quarterly sales
- 135,245 ounces at US$4,240 per ounce
- Annual production guidance
- 430,000 to 490,000 ounces
- Mine locations
- Sanbrado and Kiaka, Burkina Faso
- M5 South stoping start
- Scheduled for early H2 2027
Sources
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