PRECIOUS METALS

West African on track for gold guidance and new mine in Burkina

Cash flowing from Sanbrado operation

 Kiaka camp, Burkina Faso

Kiaka camp, Burkina Faso

The 113,009oz produced in the half year put the company on track to meet guidance of 210,000-230,000oz at AISC of less than $1175/oz.

WAF spend A$43 million of capex at the Kiaka development during the quarter, after expending $39 million in the March period.

As of June 30, WAF had $167 million cash and $24 million of unsold gold.

WAF is finalising a US$265 million debt facility for Kiaka, with feasibility numbers a year ago estimating pre-production capital costs of $430 million.

Kiaka will see WAF become a plus-400,000oz per annum producer.

WAF currently has resources of 12.6 million ounces, reserves of 6.4Moz and, at a share price of A92c, a market capitalisation of $943 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.

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