https://newsletter.en.creamermedia.com
Construction|Flow|Gold|Mining|PROJECT|Resources|Flow|Operations
Construction|Flow|Gold|Mining|PROJECT|Resources|Flow|Operations
construction|flow-company|gold|mining|project|resources|flow-industry-term|operations

WAF maintains full-year production guidance

27th August 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

ASX-listed unhedged gold mining company West African Resources (WAF) has produced 107 644 oz of gold at $1 223/oz all-in-sustaining-costs (AISC), generating A$116-million in cash flow from operations for the half-year ended June 30.

Chairperson and CEO Richard Hyde says the company maintains its production guidance for the year at 190 000 oz to 210 000 oz of gold at an AISC of less than $1 300/oz.

He points out that the company’s unhedged resources now stand at 12.8-million ounces of gold and ore reserves at 6.4-million ounces of gold.

Hyde notes that construction of the Kiaka project, in Burkina Faso, is progressing well for first gold in the third quarter of 2025, adding that WAF is on track to produce four-million ounces of gold over the next decade, with yearly production set to peak at 473 000 oz of gold in 2029.

Additionally, WAF has reported unhedged gold sales of 101 954 oz at $2 199/oz average price, with revenue of A$344-million for the period.

The company also reported a profit before tax of A$133-million, while profit after tax is A$92-million.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (21/02/2025)
21st February 2025 By: Martin Creamer
Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.154s - 171pq - 2rq
Subscribe Now