West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd reports a robust second quarter in 2024 with 51,049 ounces of gold produced at a cost of US$1,158/oz, selling at an average of US$2,314/oz, and a strong half-year performance keeping the company on track for its annual production guidance. The firm boasts a healthy cash balance of A$425m and has successfully drawn the final tranche of a significant loan facility while making significant progress on the Kiaka project, expecting to significantly increase gold production from 2026 to 2031.
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