West African Resources reports $437M profit in H1
- West African Resources achieved a half-year net profit after tax of $437 million following combined production across its key sites.
- Strong operational cash flow of $690 million supported a special dividend declaration and accelerated debt repayment plans.
- Ongoing operational updates and exploration programmes aim to sustain long-term gold production in West Africa.
Unhedged gold producer West African Resources (ASX:WAF) reported a net profit after tax of $437 million for the first half of 2026.
The result reflects the company's first full six months of combined production from its Sanbrado and Kiaka operational centres.
"We are pleased to reward shareholders with a 20-cent per share special dividend and intend to accelerate debt repayments with our secured lenders over the next 12 months," said West African Resources Executive Chairman and CEO Richard Hyde.
Group revenue reached $1.46 billion during the period, generated from gold sales of 214,883 ounces at an average realised price of $4,744 per ounce.
The company stated that its cash balance reached $876 million alongside 42,453 ounces of unsold gold bullion as it prepares to accelerate debt repayments over the next 12 months.
Following the announcement, the West African Resources share price was unchanged at $3.78.
The miner continues pre-production work at its Toega site while advancing more than 100,000m of exploration drilling planned across 2026.
Operations remain underpinned by an updated 10-year production outlook that positions the business to build on its output through the second half of 2026.
