Unhedged gold miner West African Resources (ASX:WAF) reported achieving its full-year 2025 gold production guidance, delivering a total of 300,383 ounces from its Sanbrado and Kiaka operations in Burkina Faso.
For the December 2025 quarter, WAF produced 112,019 ounces of gold and sold 105,995 ounces at an average price of US$4,058 per ounce, bringing full-year gold sales to 280,065 ounces at US$3,525 per ounce.
At Sanbrado, open pit operations at the M5 North pit contributed 7,927 ounces in Q4 from 299,000 tonnes of ore at a grade of 0.8 g/t, while underground production from the M1 South pit fell 16% quarter-on-quarter due to lower grades, totaling 37,955 ounces.
Overall, Sanbrado produced 49,732 ounces in Q4, bringing its full-year output to 205,228 ounces.
Kiaka continued its ramp-up, with mined ounces increasing 76% in Q4. Stronger ore grades and higher mill throughput drove a 208% increase in quarterly gold production to 62,287 ounces, resulting in 95,155 ounces for the full year.
Commenting on the results, WAF Executive Chairman and CEO Richard Hyde said, "I commend our Sanbrado and Kiaka teams for achieving gold production guidance for the fifth consecutive year. The combined total of 300,383 ounces represents a record year for WAF, well within our guidance of 290,000 to 360,000 ounces."