West African Resources delivers full-year production record in 2025
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The news: Gold miner West African Resources has met its production guidance for calendar year 2025, representing a full-year production record.
The numbers: Full year gold production came in at 330,383 ounces, of which 112,019 ounces was produced in the December quarter.
The miner also sold 280,065 ounces of gold at an average price of USD3,525 ($5230.75) per ounce. It sold 105,995 ounces at an average price of USD4,058 per ounce in the December quarter.
The context: Open pit mining activity at the Kiaka gold mining centre in Burkina Faso continued to ramp up with mined ounces increasing by 76% in the December quarter compared to the September quarter.
Ramp up of the Kiaka processing plant also continued on schedule, resulting in a 206% quarter-on-quarter increase in gold production.
At the Sanbrado gold mining centre however, there was a decline in open pit mining output, underground mining output and processing plant production.
The difference in gold produced and gold sold relates to a build up of gold at the Kiaka processing plant and the timing of shipments.
What they said: “I would like to commend both our Sanbrado and Kiaka operational teams for achieving [West African Resources’s] gold production guidance for a fifth consecutive year,” West African executive chair and CEO Richard Hyde said.
“Combined group gold production of 330,383 ounces from our Sanbrado and Kiaka gold mining centres for the full year 2025 was well within WAF’s annual guidance of 290,000 to 360,000 ounces, and was a record year of production for WAF. We look forward to providing our full quarterly activities report in the coming weeks.”
The source: ASX
