WAF
West African Resources Ltd
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Company News
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 […]
West African Resources delivers feasibility upgrade for Kiaka gold project in Burkina Faso
A feasibility update for West African Resources’ (ASX: WAF) US$447 million Kiaka gold development in Burkina Faso has incorporated a 7% increase in average annual gold production over the life of the mine to 234,000 ounces. The new production figure replaces the 219,000oz of production stated in the original feasibility study released in August 2022 […]
West Africa reclaims status as top gold mining and investment destination
After being hit hard by the Covid years, West Africa is once again climbing up the rankings of top gold mining destinations. Prior to the reduction of global funding in African destinations during Covid, West Africa was seen as the golden child with numerous world-class discoveries and emerging operations. Now, the region is again attracting […]
Yancoal prepays US$1b of debt, Janus Henderson chair retires and Telstra suffers ‘data breach’
Australian coal miner Yancoal (ASX: YAL) has announced plans to prepay US$1 billion of debt, which is expected to provide a US$207 million reduction in finance costs over the loan period. Yancoal will fund the prepayment with available cash on 4 October. Funds will go towards the company’s syndicated facility and its unsecured related-party loans. […]
West African Resources strikes more high-grade gold at Sanbrado
Gold developer West African Resources (ASX: WAF) has recovered high-grade gold in a maiden drilling program at the M1 South deposit within its advanced Sanbrado gold project in Burkina Faso. The company today reported assay results from initial drill holes in the grade-control reverse circulation program, with a 27m intersection grading at 8.7 grams per […]
West African Resources gives a golden boost to Sanbrado’s economics
West African Resources (ASX: WAF) has released an optimised feasibility study for its Sanbrado gold project in Burkina Faso, which supports the decision to proceed with its development. The enhanced study envisages an initial 10-year mine life, including 6.5 years of underground mining, with strong early cash flow and a rapid payback of capital. The […]
West African Resources unearths 132g/t gold during drilling at Sanbrado
Advanced gold explorer West African Resources (ASX: WAF) has unearthed up to 132 grams per tonne gold during reserve definition drilling at its Sanbrado project in Burkina Faso. Drilling a the M1 South deposit pulled up several gold intersections including 6.5m at 61.8g/t gold from 258.5m, with the 132g/t gold hit within a 3m interval. […]
West African Resources’ new study gives updated reserves and production rates at Sanbrado
Aspiring gold producer West African Resources (ASX: WAF) will move to the next stage of development on the high-grade Sanbrado discovery in central Burkina Faso after a recent updated feasibility study demonstrated the viability of the planned US$185 million, high-margin operation. The study, which follows on from West African’s 2017 CIL feasibility, also confirmed a […]
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