West African confident of meeting guidance following first quarter production

Setting an annual production guidance of 190,000-210,000 ounces of gold for the 2025 calendar year at its Sanbrado gold operation in Burkina Faso, West African Resources has begun promisingly.

The Richard Hyde-led gold miner produced 50,033oz during the first quarter at Sanbrado, boosted by a seven per cent increase of underground mined ounces from the prior quarter.

Overall, it sold 48,388oz at an average of $US2832/oz. 

In its final quarter of 2024, West African yielded 51,178oz and finished with 206,622oz for the 2024 calendar year – meeting its full-year annual guidance target of 190,000-210,000oz. 

Earlier this year, the gold miner announced its overall production guidance target for the CY25 would be 290,000-360,000oz, factoring in that its other operation - Kiaka - is due to have first gold poured in the third quarter. 

At the time, West African told the market it would be releasing its 10-year production, annual resource and reserve figures later this year. 

West African last traded at $2.13, up 3 per cent as of 9.28am AWST.