The Burkina Faso miner's cash balance increased A$10 million quarter-on-quarter to $222 million following an income tax payment of $79 million being made.
Partly offsetting the tax was a $14 million VAT refund.
News flow expected in the current quarter includes the feasibility results from the Kiaka asset, and ongoing exploration results from the promising MV3 target.
WAF believes MV3 is is "shaping up as an outstanding open pit opportunity 6km northwest of (the) Sanbrado mine".
Capital markets firm Argonaut estimates WAF's margin above total costs is "still healthy at 20%".
It also suggested again beat top end production guidance, after "easily" beating forecasts last year.
Shares in WAF were up 2.5% to $1.20 in morning trade, capitalising the company at $1.23 billion.
