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West African Resources (ASX:WAF) Falls 6% on Production Decline in June Quarter

Wed 09 Jul 25, 03:30 AM | Team Kalkine

Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • WAF shares dropped 6.22% to AUD 2.26 on 9 July 2025 after Q2 production update.
  • West African Resources reported a 9% quarterly fall in gold output to 45,611 ounces.
  • WAF’s Kiaka project began operations with the first gold pour in June 2025.

West African Resources Ltd (ASX:WAF) shares declined sharply on Tuesday following the release of its June quarter (FY25) production report. By late morning on 9 July 2025, WAF shares were trading 6.22% lower at AUD 2.26, down from the previous close of AUD 2.41. Despite the one-day fall, the stock remains 63.4% higher than its level at the same time last year. For reference, the broader S&P/ASX 200 Index was down 0.3% on the day and has risen 9.4% over the past 12 months.

The share price decline follows the company’s announcement of a quarterly decrease in gold production. West African Resources reported total gold production of 45,611 ounces for the June quarter, compared to 50,033 ounces in the March quarter a 9% drop.

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