West African Resources (ASX: WAF) — Company Overview, News & Financial Data
West African Resources is a gold mining company in Burkina Faso, focusing on high-grade gold production with low operating costs.
West African Resources
West African Resources is an Australian gold mining company focused on the acquisition, exploration, development, and operation of gold projects in West Africa. The company's primary operational asset is the Sanbrado Gold Operations located in Burkina Faso, which combines high-grade underground and open-pit mining with a carbon-in-leach processing plant. Additionally, the company is developing the Kiaka Gold Project, a major open-pit development asset in the same region. Operating primarily in Burkina Faso, the company generates revenue through the unhedged sale of gold bullion, while continuing exploration and resource expansion activities across its regional license portfolio.
Snapshot
Operations
Products and/or services of West African Resources
- Gold Mining Operations: Operational open-pit and underground mining producing gold dore from high-grade ore deposits in West Africa. Facilities incorporate underground decline development, conventional open-pit fleet operations, and continuous ore extraction targeting multi-hundred-thousand-ounce annual production profiles.
- Mineral Processing Infrastructure: Carbon-in-leach and crushing circuit facilities processing hard-rock gold ore to produce unhedged bullion bars. Operations include primary crushing, SAG milling, gravity recovery, cyanidation, electrowinning, and gold smelting circuits with multi-million-tonne annual ore treatment capacity.
- Mine Development Projects: Development of large-scale open-pit mining assets and processing infrastructure designed to expand long-term regional production. Activities encompass earthworks, site civil construction, tailings storage facility installation, and processing plant erection for major gold deposits.
- Gold Sales and Refining: Commercialization and delivery of unhedged gold bullion bars to international refiners and financial institutions. Revenue is derived directly from spot market gold sales generated from open-pit and underground extraction across operating concessions in West Africa.
- Regional Resource Exploration: Greenfield and brownfield geological exploration programs, including diamond drilling and reverse circulation drilling across extensive exploration permits. Technical work targets deposit extensions, underground resource conversion, and new gold discoveries within prospective greenstone belts.
- Underground Mine Expansion: Underground decline development and diamond drilling aimed at extending high-grade mineral reserves at depth beneath existing open pits. Infrastructure includes ventilation shafts, underground haulage corridors, and specialized underground mining fleets supporting long-term production.
West African Resources executive team
- Richard HydeFounder, Executive Chairman & CEO
- Padraig O'DonoghueCFO & Company Secretary
- Lyndon HopkinsCOO & Executive Director
- Elizabeth Anne MounseyExecutive Director of Human Resources & Executive Director
- Stuart CruickshanksGeneral Manager of Technical Services
- Ann AtkinsLegal Counsel & Joint Company Secretary
- Nathan RyanIR Contact
Latest news about West African Resources
West African Resources reports 135,245 ounces gold sales
AustraliaWest African Resources reports $437M profit in H1
AustraliaWest African Resources hits 27m of gold in Burkina Faso
AustraliaWest African Resources reports Q2 gold production
AustraliaWest African Resources reaffirms guidance on strong output
AustraliaBurkina Faso to buy 25% Kiaka Gold stake for $175M
Australia
Recent announcements
What West African Resources (WAF) has told the market, newest first.
- Becoming a substantial holder
- Production Update - September 2026 QuarterPrice sensitive
- Becoming a substantial holder
- Ceasing to be a substantial holder
- Update - Dividend/Distribution - WAF
- Ceasing to be a substantial holder from MUFG
- Change in substantial holding
Dividend history
Dividends per share paid by West African Resources, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | A$0.2000 | — | — | A$0.2000 |
Key financials
Reported results for West African Resources, in AUD.
- Market cap
- 3.6B
- Revenue (TTM)
- 2.5B
- P/E ratio
- 5.6
- EPS (diluted, TTM)
- 0.6
- Dividend yield
- 0.0%
- Profit margin
- 25.3%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 1.5B | 810.3M | 473.9M | |
| 724.4M | 324.2M | 223.8M | |
| 658.8M | 236.4M | 146.9M | |
| 606.1M | 259.7M | 164.4M |