Gold, Recycling and Lithium on ASX Today: West African Resources, Sims and IGO Shares Slide

Sonal Goyal

06 November 2026 05:54 PM AEDT

Gold, Recycling and Lithium on ASX Today: West African Resources, Sims and IGO Shares Slide

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Key Highlights

Sims (ASX:SGM) recorded the largest fall in this group, down 7.13% to A$19.67, while West African Resources (ASX:WAF) fell 3.10% to A$3.44.
West African Resources reported record quarterly gold production of 127,950 oz at an AISC of US$1,570 per ounce.
IGO said Nova operations would conclude by the end of October 2026, with the divestment expected to complete in December.

Company	Ticker	Price (A$)	% Change
West African Resources Ltd	WAF	A$3.44	-3.10%
Sims Ltd	SGM	A$19.67	-7.13%
IGO Ltd	IGO	A$4.985	-5.41%

A gold producer, a metals recycler and a lithium and nickel company all traded lower on 6 November 2026. The three have very different Business models, but each has reported recent results that show how their operations are tracking. The article sets each stock's session price against its own release, with the date shown, so readers can see what each company reported. The session was a broad sell-off across ASX resources. The S&P/ASX 300 Metal & Mining index (XMM) fell 2.92% to 7,699.50, the S&P/ASX 200 Materials Index (XMJ) fell 2.51% to 22,604.40, and the S&P/ASX 200 (XJO) was down 0.49% at 9,020.80. Overnight, the S&P 500 fell 4.36%, the Nasdaq 5.52% and the Nikkei 225 5.80% at the 5 November close, and the session data links the local move to that international weakness. Gold was quoted at US$4,076.20 (down 0.91%), silver at US$51.98 (down 0.67%) and copper at US$13,777.00 (down 0.18%).

West African Resources Ltd (ASX:WAF)

West African Resources traded at A$3.44, down 3.10%. Its September 2026 quarterly, dated 28 October 2026, reported record gold production of 127,950 oz at an AISC of US$1,570 per ounce, with sales of 135,245 oz at US$4,240 per ounce. Operating Cash Flow was A$458 million and cash was A$1,195 million. A Special Dividend of A$0.20 per share was paid after quarter end.

Sims Ltd (ASX:SGM)

Sims traded at A$19.67, down 7.13%, the largest decline in this group. Its FY26 results, dated 18 August 2026, reported sales Revenue of A$8,007.5 million, up 6.9%, and underlying EBIT of A$468.0 million, up 167.6%. Underlying NPAT was A$289.1 million and the total dividend was 34.0 cents per share, up 47.8%. Return on invested Capital was 11.7%.

IGO Ltd (ASX:IGO)

IGO traded at A$4.985, down 5.41%. Its September quarter report, dated 29 October 2026, said Nova mining and processing would conclude by the end of October and that the divestment to Global Lithium Resources was expected in December. Greenbushes reported record production, with cash costs down 7% to A$418 per tonne. The 12-month TRIFR rose to 4.0 from 3.7.

Sector Context

The three companies come from gold, recycling and lithium and nickel, and all fell on the day. The Materials index fell 2.51% and the S&P/ASX 200 was down 0.49%, while copper was quoted at US$13,777.00. Sims's result is the most recent of the three to cover a full financial year, while West African and IGO reported quarterly.

FAQs

Q: What did WAF, SGM and IGO trade at on 6 November 2026?

A: West African Resources traded at A$3.44, Sims at A$19.67 and IGO at A$4.985 during the session.

Q: What dividend did Sims declare for FY26?

A: Sims declared a total dividend of 34.0 cents per share for FY26, up 47.8%.

Q: How much gold did West African produce?

A: West African reported record production of 127,950 oz in its quarterly dated 28 October 2026.

Q: When does Nova close?

A: IGO said Nova mining and processing would conclude by the end of October 2026.

Q: Are these closing prices?

A: No. They are session prices from the trading day.

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