West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd reports a strong first quarter with gold production of 56,595 ounces at an AISC of US$1,291/oz, keeping on track with its 2024 guidance of 190,000 to 210,000 ounces. With an average gold sale price of US$2,078/oz, the company achieved a cash flow of A$41m, bolstering its financial position with A$342m in cash and A$41m in unsold bullion. The quarter also saw progress in construction and exploration, including the approval of the Toega mining permit and high-grade drilling results, setting the stage for an expected production increase in H2 2025.
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