West African Resources Ltd
West African Resources Limited is an Australia-based gold mining company.
The business
West African Resources Limited is an Australia-based gold mining company. The Company is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. It operates through two segments: the Mining Operations, which comprises the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,334 km2 over the Markoye fault region in central and southern Burkina Faso.
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Latest news
Earnings Season Growth Leaders: Gold, Copper, Industrials and More
Earnings season shifts to a stock-pickers market as the RBA lifts rates to 3.85%; focus on cash flow and balance sheets, with Macquarie leading earnings.
West African Resources looks to double gold production as Kiaka nears completion
West African Resources (ASX: WAF) is confident it can continue to build on its strong 2024 result, with construction at its Kiaka gold project in Burkina Faso nearing completion. Releasing the company’s 2024 annual report, chief executive officer Richard Hyde said the next 12 months would be integral to progressing West African’s gold production aims, […]
Burkina Faso’s junta considers mining permit cancellations and taking over gold mines
Burkina Faso, one of Africa’s leading gold-producing countries, is reported to be considering removing mining permits from some foreign investors. Already considered one of the more politically risky West African nations, Burkina Faso’s military junta is reportedly planning to take over mining operations at a number of projects. Reuters has reported that junta leader Ibrahim […]
West African Resources closely monitoring new mining code in Burkina Faso
Australian junior West African Resources (ASX: WAF) is among several mining companies closely watching the Burkina Faso government’s release of a new mining code. West African executive chair and chief executive officer Richard Hyde said key changes under the new mining code include increasing the government’s free-carried equity interest in mining projects from 10% to […]
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