West African Resources Limited (ASX:WAF) Announces Q2 Production Update
Production Overview
West African Resources Limited (ASX:WAF) reported Q2 gold production of 45,611 ounces and sales of 49,840 ounces at an average price of US$3,282 per ounce. The company’s Kiaka Gold Project became operational with its first gold pour achieved in June 2025.
Sanbrado Operations
At the Sanbrado Gold Operations, open-pit mining delivered 409 kt of ore at 0.9 g/t, resulting in 11,795 mined ounces of gold. The M1S underground operation mined 153 kt of ore at 6.0 g/t for 29,320 ounces. Contained gold in ore stockpiles decreased by 8%, or 8,348 ounces, during the quarter. The process plant produced 45,611 ounces of gold from 830 kt of ore milled, maintaining a recovery rate of 92.2%. Sanbrado is on track to achieve its 2025 production guidance of 190,000 to 210,000 ounces.
Kiaka Development
Open-pit mining at the Kiaka Gold Project ramped up as planned, with ore stockpiles building to 945 kt at a grade of 0.6 g/t for 19,200 ounces available for processing. The Kiaka processing plant performed well during commissioning, with stable mill throughput and metallurgical recoveries exceeding expectations. Mill throughput is expected to increase in Q3 2025 once grid power becomes available. Kiaka’s 2025 production guidance remains at 100,000 to 150,000 ounces.
Executive Comments
Executive Chairman and CEO Richard Hyde stated, “This has been a transformative quarter for WAF with our large, long-life, low cost Kiaka gold project now operational alongside our Sanbrado gold operation, which continued its strong reliable performance in Q2 with gold production of 45,611 ounces. Sanbrado is on-track to achieve annual production guidance of 190,000 to 210,000 ounces in 2025, and Kiaka’s 2025 production guidance remains at 100,000 to 150,000 ounces. We look forward to providing our full quarterly activities report in the coming weeks.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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