PRECIOUS METALS

West African meets gold guidance as growth gets going

Development of second operation underway

WAF is getting bigger with plenty of upside in the wings

WAF is getting bigger with plenty of upside in the wings

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.

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.

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.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.