Production Update - June Quarter 2025

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Stock West African Resources Ltd (WAF.ASX)
Release Time 9 Jul 2025, 8:19 a.m.
Price Sensitive Yes
 West African Resources Delivers Strong Q2 2025 Production
Key Points
  • Q2 gold production of 45,611 oz
  • Kiaka Gold Project now operational with first gold pour
  • Sanbrado on track to achieve 2025 production guidance
Full Summary

West African Resources Limited (ASX: WAF) has provided a production update for the June quarter 2025 (Q2) from its Sanbrado Gold Operations and the Kiaka Gold Project. Key highlights include Q2 gold production of 45,611 oz and gold sales of 49,840 oz at an average price of US$3,282 per ounce. The Kiaka Gold Project is now operational, with the first gold pour achieved in June 2025. At the Sanbrado Open Pit, mining delivered 409kt of ore at 0.9 g/t for 11,795 mined ounces of gold. The M1S underground mine delivered 153kt of ore mined at 6.0 g/t for 29,320 mined ounces of gold. The process plant continued its reliable performance, producing 45,611 ounces of gold from 830kt of ore milled at a head grade of 1.9 g/t and recovery of 92.2%. WAF's Sanbrado production centre is tracking well to achieve its 2025 guidance of 190,000 to 210,000 ounces of gold at a site sustaining cost of less than US$1,350 per ounce. At the Kiaka Gold Project, open-pit mining has ramped up as planned, with ore stockpiles continuing to build on the ROM pad. The Kiaka processing plant performed well during commissioning operations in June 2025, with stable mill throughput and metallurgical recoveries exceeding expectations. Kiaka's production guidance for 2025 remains at 100,000 to 150,000 ounces.

Guidance

Sanbrado production guidance for 2025 of 190,000 to 210,000 ounces of gold at a site sustaining cost of less than US$1,350 per ounce. Kiaka production guidance for 2025 of 100,000 to 150,000 ounces.

Outlook

WAF's Sanbrado production centre is tracking well to achieve its 2025 production guidance, and the Kiaka Gold Project is now operational with production expected to ramp up during Q3 2025.