PRECIOUS METALS

West African meets gold guidance as growth gets going

Development of second operation underway

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Guidance had been 220,000-240,000oz, with production and cost forecasts for 2023 due later this quarter.

Cash at the end of the quarter was A$173 million versus 171 million at the end of September.

Operating cashflow totaled $64 million before a $25 million tax payment.

Meanwhile, WAF has started building the US$430 million Kiaka project down the road from Sanbrado in Burkina Faso, with $300 million in debt financing currently being targeted.

Kiaka will add around 220,000oz per annum to WAF's profile.

WAF is also scoping a second underground mine at Sanbrado's M5 deposit.

Shares in WAF were trading this week at A$1.27, capitalising the company at $1.3 billion.

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