West African Resources (ASX:WAF) reiterated its full-year production guidance, buoyed by a period of sustained operational momentum across its Burkina Faso assets.
The ASX-listed miner confirmed it remains on track to produce between 430,000 and 490,000 ounces of gold for the 2026 financial year.
The outlook is supported by an anticipated all-in sustaining cost maintained below US$1,900 per ounce, reflecting the company’s ability to manage inflationary pressures within the West African mining sector.
The quarterly performance metrics underscore this stability; the company recorded gold production of 107,728 ounces in Q1 at an AISC of US$1,921 per ounce.
Despite the slight cost elevation in the short term, profitability remains high, with gold sales of 104,145 ounces achieved at a significant realised price of US$4,945 per ounce.
The revenue stream has bolstered WAF’s balance sheet to a formidable $847 million in cash, supplemented by a further $213 million in unsold bullion.
Strategic growth remains a primary focus, with the company targeting 5.3 million ounces over a ten-year production horizon, supported by mineral resources that have now climbed to 13.7 million ounces.
Managing Director Richard Hyde emphasised that WAF is on an "exciting growth trajectory", noting that the firm will continue to create value through the drill bit.
To facilitate this, a US$20 million exploration budget has been allocated for 2026, involving over 100,000m of drilling at the Sanbrado and Kiaka centres to further extend the life of these high-performing operations.
At the time of reporting, West African Resources’ share price was $3.30.