By Digifin Pty Ltd · About this coverage
Key Points
- Record Q3 gold production of 127,950 oz at an AISC of US$1,570/oz
- Gold sales of 135,245 oz at a realised price of US$4,240/oz
- Operating cash flow of A$458 million and cash of A$1,195 million
- Year-to-date production of 360,857 oz against 2026 guidance of 430,000-490,000 ounces
- SOPAMIB acquisition of 25% of Kiaka SA still to be finalised
About West African Resources (ASX:WAF)
West African Resources Limited is an ASX-listed gold producer headquartered in Perth. It operates the Sanbrado and Kiaka gold mines in Burkina Faso, West Africa.
West African Resources (ASX:WAF)' September quarter report shows record gold production from its Sanbrado and Kiaka production centres, which the company says keeps it on track for 2026 guidance.
Q3 gold production was 127,950 oz at an AISC of US$1,570/oz, with Kiaka producing 76,030 oz and Sanbrado 51,920 oz. Gold sales were 135,245 oz at a realised price of US$4,240/oz. Cash flow from operating activities was A$458 million, and WAF ended the quarter with a cash balance of A$1,195 million and ~A$217 million of unsold gold bullion, being 36,085 ounces valued at A$6,013 per ounce. Year-to-date production is 360,857 oz at an AISC of US$1,725/oz, against 2026 guidance of 430,000-490,000 ounces at an AISC below US$1,900/oz. A special dividend of A$0.20 per share was paid after the quarter, and the company says it intends to accelerate debt repayments with its secured lenders over the next 12 months. There were no significant health or safety incidents, and TRIFR at quarter end was 0.87.
Terms for SOPAMIB's acquisition of a 25% shareholding in Kiaka SA are still to be finalised, and the Toega underground drilling results are yet to be reported. The release does not quantify the planned debt repayments.
Source: West African Resources Limited (ASX:WAF), 28 October 2026. Summary content supplied by Digifin Pty Ltd.
News summary only, not financial advice. It does not consider your objectives, financial situation or needs.