Is West African Resources Limited Strengthening Its Position After Reporting Record 2025 Profits?
Source: Kapitales Research
Highlights
• West African Resources Limited (ASX: WAF) shares rose nearly 6.47% at the time of writing, trading at AU$2.960 after gaining AU$0.180 during the session.
• The company reported revenue of AU$1.54 billion and profit after tax of AU$567 million for the 2025 financial year.
• Gold production reached 300,383 ounces, supported by operations at the Sanbrado mine and the ramp-up of the Kiaka gold project.
West African Resources Limited (ASX: WAF) recorded a share price increase of nearly 6.47% at the time of writing, trading at AU$2.960 after rising AU$0.180 during the session. The movement follows the company’s announcement of strong financial and operational results for the 2025 financial year, highlighting robust performance across its gold production operations.
Strong Financial Performance in 2025
West African Resources delivered revenue of approximately AU$1.54 billion for 2025, supported by solid gold production and favourable gold prices. Profit before tax reached AU$808 million, while profit after tax totalled AU$567 million, demonstrating the company’s strong profitability during the year.
Operating cash flow for the year reached around AU$790 million, reflecting the company’s ability to generate significant cash from its mining operations.
Production and Operational Highlights
During 2025, the company produced 300,383 ounces of gold at an all-in sustaining cost of approximately US$1,488 per ounce. During the period, gold sales reached 280,065 ounces, generating an average realised selling price of US$3,525 per ounce.
Production was driven primarily by the Sanbrado gold operation in Burkina Faso, along with the initial months of output from the newly developed Kiaka gold production centre.
Growth Outlook for 2026
Management expects operational momentum to continue in 2026 as the Kiaka project contributes a full year of production alongside Sanbrado. This dual production centre strategy is expected to support higher revenue and operating cash flow in the coming year.
The company also indicated that ongoing exploration programs and upcoming resource updates could further strengthen its long-term production outlook.
Note:
The data presented above is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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
Is West African Resources Limited Strengthening Its Position After Reporting Record 2025 Profits?
Highlights
• West African Resources Limited (ASX: WAF) shares rose nearly 6.47% at the time of writing, trading at AU$2.960 after gaining AU$0.180 during the session.
• The company reported revenue of AU$1.54 billion and profit after tax of AU$567 million for the 2025 financial year.
• Gold production reached 300,383 ounces, supported by operations at the Sanbrado mine and the ramp-up of the Kiaka gold project.
West African Resources Limited (ASX: WAF) recorded a share price increase of nearly 6.47% at the time of writing, trading at AU$2.960 after rising AU$0.180 during the session. The movement follows the company’s announcement of strong financial and operational results for the 2025 financial year, highlighting robust performance across its gold production operations.
Strong Financial Performance in 2025
West African Resources delivered revenue of approximately AU$1.54 billion for 2025, supported by solid gold production and favourable gold prices. Profit before tax reached AU$808 million, while profit after tax totalled AU$567 million, demonstrating the company’s strong profitability during the year.
Operating cash flow for the year reached around AU$790 million, reflecting the company’s ability to generate significant cash from its mining operations.
Production and Operational Highlights
During 2025, the company produced 300,383 ounces of gold at an all-in sustaining cost of approximately US$1,488 per ounce. During the period, gold sales reached 280,065 ounces, generating an average realised selling price of US$3,525 per ounce.
Production was driven primarily by the Sanbrado gold operation in Burkina Faso, along with the initial months of output from the newly developed Kiaka gold production centre.
Growth Outlook for 2026
Management expects operational momentum to continue in 2026 as the Kiaka project contributes a full year of production alongside Sanbrado. This dual production centre strategy is expected to support higher revenue and operating cash flow in the coming year.
The company also indicated that ongoing exploration programs and upcoming resource updates could further strengthen its long-term production outlook.
Note:
The data presented above is based on information available at the time of writing.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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