Key Highlights
- West African Resources shares traded at $3.62, up 4.78%, during the 9 November 2026 trading session.
- September quarter gold production was 127,950oz at an AISC of US$1,570 per ounce.
- A Special Dividend of A$0.20 per share was paid after quarter end.
West African Resources Limited (ASX:WAF) shares were trading at $3.62 during the Trading session on 9 November 2026, up 4.78%. The S&P/ASX 200 index was up 0.10% at 9,029.70 and the S&P/ASX 200 Materials index was up 2.88% at 23,254.80 in the same session. West African Resources operates the Sanbrado and Kiaka gold operations in Burkina Faso, and is pursuing exploration and development in the region.
Latest Development: September Quarter Report on 28 October 2026
West African Resources reported record quarterly gold production of 127,950oz for the September 2026 quarter on 28 October 2026, at an All-In Sustaining Cost of US$1,570 per ounce.
Gold sales totalled 135,245oz at a realised price of US$4,240 per ounce. Operating Cash Flow was A$458 million for the quarter.
The cash balance was A$1,195 million at the end of the quarter, and about A$217 million of unsold gold bullion was held.
Dividend and Corporate Activity
A special dividend of A$0.20 per share was paid to shareholders after the quarter end.
The company said it expects to finalise terms and complete SOPAMIB's Acquisition of a 25% shareholding in Kiaka SA West.
About the Company and Business Overview
West African Resources is a gold producer with two operations in Burkina Faso, Sanbrado and Kiaka, which the company described as large, low-cost production centres.
Its results depend on ore grade and throughput at both sites, the realised gold price and local operating conditions.
Sector Context
Gold producers in West Africa are exposed to regional security, permitting and fiscal conditions, which can affect operations and costs across the region.
Gold rose 1.30% to USD 4,128.20 on 9 November 2026, according to market data for the session.
Risks and What to Watch Ahead
Operations in the region carry jurisdictional and operational risks, and the sale and treatment of unsold bullion depends on market conditions.
Watch items include drilling results from the Toega underground and M5 projects, completion of the Kiaka share transaction and the next quarterly report.
Final Word
West African Resources' September quarter shows record gold output, an AISC of US$1,570 per ounce and a cash balance of A$1,195 million. The results cover the quarter ended 30 September 2026.


_11_12_2026_12_29_36_693411.jpg)



Please wait processing your request...