West African Resources Delivers Strong Q1 2026 Performance with Record Cash Position
West African Resources Limited (ASX: WAF) reported a robust performance for the March 2026 quarter, highlighted by a record cash balance of AU$847 million and strong operational execution. The company produced 107,728 ounces of gold at an all-in sustaining cost of US$1,921 per ounce, while selling 104,145 ounces at an average price of US$4,945 per ounce. This supported solid operating cash flow generation of AU$440 million during the quarter.
Operationally, both Sanbrado and Kiaka assets delivered consistent output, with improved efficiencies at Kiaka contributing to higher throughput. The company also maintained a strong safety record with no major incidents reported.
Strategically, updated reserves and resources increased to 7 million ounces and 13.7 million ounces respectively, supporting a long-term production target of 5.3 million ounces through 2035. Future growth is underpinned by drilling programs and expansion plans.
Post quarter, developments included planned drilling updates and a government move to acquire a 25% stake in Kiaka, reflecting the project’s strategic importance.
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
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West African Resources Delivers Strong Q1 2026 Performance with Record Cash Position
West African Resources Limited (ASX: WAF) reported a robust performance for the March 2026 quarter, highlighted by a record cash balance of AU$847 million and strong operational execution. The company produced 107,728 ounces of gold at an all-in sustaining cost of US$1,921 per ounce, while selling 104,145 ounces at an average price of US$4,945 per ounce. This supported solid operating cash flow generation of AU$440 million during the quarter.
Operationally, both Sanbrado and Kiaka assets delivered consistent output, with improved efficiencies at Kiaka contributing to higher throughput. The company also maintained a strong safety record with no major incidents reported.
Strategically, updated reserves and resources increased to 7 million ounces and 13.7 million ounces respectively, supporting a long-term production target of 5.3 million ounces through 2035. Future growth is underpinned by drilling programs and expansion plans.
Post quarter, developments included planned drilling updates and a government move to acquire a 25% stake in Kiaka, reflecting the project’s strategic importance.
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