West African Resources (ASX: WAF) Targets 494k Ounces Gold Production Annually by 2030

Tue 21 Jan 25, 05:37 AM | Team Kalkine

Highlights

WAF produced 206,622 ounces of gold in FY24, hitting the upper guidance range.

WAF closed 1HFY24 with AUD 425 million in cash reserves.

Kiaka Project is on track for its first gold production by Q3 2025.

The company aims to average 420,000 ounces annually, peaking at 494,000 ounces in 2030.

West African Resources Limited (ASX:WAF) is an ASX-listed company with a focus on the exploration, advancement and acquisition of gold projects in West Africa. The company targets gold production of nearly 4 million ounces in the next 10 years with annual production expected to reach 494k ounces in 2030.

In the financial year 2024 (FY24), the company achieved full-year gold production of 206,622 ounces, which is at the upper end of its FY24 guidance range of 190,000 to 210,000 ounces.

Recent financial performance

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