PRECIOUS METALS

WAF passes gold milestones as Sanbrado ramp-up continues

Operation in Burkina Faso going well

This article is 4 years old. Images might not display.

Gold produced went past 50,000oz and all-in sustaining costs fell below US$1000/oz, with the actual numbers being 50,299oz at $992/oz.

Updated life-of-mine production guidance will be provided by the company later this quarter, with WAF's executive chairman and CEO Richard Hyde telling a conference call management were "very happy" with open cut and underground ore reconciliations as mining operations continue to ramp up and optimise.

WAF had A$95 million cash on hand at the end of December after $54 million in cash was generated from operating activities during the quarter.

Notional net debt decreased by US$23 million to $101 million, with repayment of the Taurus facility a key focus for the miner in 2021.

Shares in WAF were down 5% to A92.7c in midday trade, capitalising the company at $815 million. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.