Latest WAF News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

West African Resources has reported significant diamond drilling results extending high-grade gold mineralisation well below its current resource at Sanbrado, Burkina Faso, setting the stage for a major resource update in Q2 2026.

West African Resources Limited reported a robust cash flow for the December 2025 quarter, ending with a strong cash position of A$584.1 million. The company’s operating activities generated significant cash inflows, offsetting substantial investing and financing outflows.

West African Resources has met its 2025 gold production and cost targets for the fifth consecutive year, reporting robust quarterly results and promising exploration outcomes that suggest extended mine life at Sanbrado.

West African Resources has delivered a record 300,383 ounces of gold in 2025, hitting its production guidance for the fifth consecutive year, driven by strong performances at its Sanbrado and Kiaka mines in Burkina Faso.

West African Resources reports significant diamond drilling results beneath the M5 North open-pit at Sanbrado, revealing high-grade gold mineralisation and potential to extend mine life beyond current reserves.

West African Resources Limited has resumed trading on the ASX following a government request to acquire an additional 35% stake in its Kiaka subsidiary, signaling a notable shift in ownership dynamics.

West African Resources is advancing negotiations with the Burkina Faso Government over equity interests in its Kiaka gold project, proposing alternatives to direct government ownership to boost national benefits without diluting shareholder value.

West African Resources Limited reported a robust quarterly cash flow with strong operating inflows and substantial cash reserves, underscoring its solid financial footing amid ongoing exploration investments.

West African Resources reported robust Q3 gold production of 92,721 ounces at a competitive all-in sustaining cost, while navigating ongoing discussions with the Burkina Faso government over increased ownership in its Kiaka project.

West African Resources has reported a robust first half of 2025, delivering A$215 million in net profit after tax on the back of strong gold production and sales.