• No significant social, health or safety incidents
• 2025 cost and gold production guidance met for 5th consecutive year
• Sanbrado produced 205,228 oz at site sustaining cost of US$1,348/oz
• Kiaka produced 95,155 oz at site sustaining cost of US$1,702/oz

West African Resources Ltd (ASX: WAF) reported its Q4 2025 results, with no significant social, health or safety incidents during the quarter. The company met its 2025 cost and gold production guidance for the 5th consecutive year. Sanbrado produced 205,228 ounces of gold at a site sustaining cost of US$1,348/oz, achieving annual guidance of 190,000 to 210,000 ounces at a site sustaining cost under US$1,350/oz. Kiaka completed its first full quarter of operations, producing 95,155 ounces of gold at a site sustaining cost of US$1,702/oz. The company sold a combined total of 105,995 ounces of gold in Q4 at an average price of US$4,058 per ounce and remains fully unhedged. The AISC of the combined Group was US$1,561/oz for Q4 and US$1,488/oz for the full year. The company had a notional net cash balance of US$210 million at the end of Q4. WAF plans to release its 2026 annual guidance in Q1 2026, which will outline the company's future capital management strategy, including potential dividends or share buybacks.

WAF achieved its 2025 annual Group guidance parameters, producing 300,383 ounces of gold. The company expects to release its 2026 annual production and cost guidance in Q1 2026.