About
West African Resources Ltd (ASX: WAF) is an Australian mid-tier gold producer and one of Burkina Faso's fastest-growing mining companies, operating two producing gold mines and developing a third in the country. WAF operates the Sanbrado Gold Operations (~90 km east-southeast of Ouagadougou, 90% WAF / 10% Government of Burkina Faso) — one of Burkina Faso's highest-grade gold mines — which has produced approximately 190,000–250,000 ounces annually since its maiden gold pour in March 2020, which came six months ahead of schedule and US$20 million under budget. WAF's second mine, the Kiaka Gold Operations (~45 km south of Sanbrado), poured first gold in June 2025 — again ahead of schedule and under budget — and is expected to average 270,000+ ounces annually over the next decade with a mine plan extending to 2042. Together with the Toega satellite deposit (~13 km from Sanbrado, first production targeted for Q3 2026), WAF's 10-year production outlook published in March 2026 targets 4.8–5.3 million ounces from 2026–2035, with annual production averaging 533,000 ounces and peaking at 596,000 ounces in 2030. Total unhedged mineral resources of 13.7 Moz and ore reserves of 7.0 Moz. WAF's CEO is Richard Hyde. The company is headquartered in Subiaco, Western Australia.
Related Companies