West African Resources is hopeful that positive diamond drilling results at its Sanbrado gold operation in Burkina Faso could lead to a favourable outcome.
Trading in West African Resources shares will resume tomorrow for the first time in three months after a brief and imprecise statement on ownership of its prized mine in Burkina Faso.
Burkina Faso-based goldminer West African Resources has unveiled its updated 10-year production outlook, aiming for an annual peak of 569,000 ounces in CY2029.
West African Resources has begun mining and crushing at its Kiaka gold project in Burkina Faso, as it moves towards its aim of becoming a 420,000 ounces per annum gold producer.
Setting an annual production guidance of 190,000-210,000 ounces of gold for the 2025 calendar year at its Sanbrado gold operation in Burkina Faso, West African Resources has begun promisingly.
Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.
Goldminer West African Resources post a full-year net profit of $246 million in 2024, spurred on by strong production at its Sanbrado mine in Burkina Faso.
Shares in gold-focused Resolute Mining fell by 31 per cent to 46.3 cents on Monday morning, following an update regarding the status of three employees in Mali.
West African Resources said it expects mining equipment to be assembled and commissioned at its Kiaka gold operation in Burkina Faso before the end of the year.
In this edition of Bulls N' Bears Big Hits, we examine some notable drill intercepts revealed on the ASX last week, including at Argent Minerals' Kempfield Project in NSW with its 47m at 10.18g/t silver hit. We also take a look at other interesting drill hits from last week as reported by Nova Minerals from its RPM target in Alaska and West African Resources' M1 South resource in Burkina Faso.
Shares In West African Resources began to recover early on Tuesday morning, following a clarification regarding foreign mining companies potentially having their mining permits withdrawn in Burkina Faso.
Morocco is the best-ranked country while Zimbabwe is the worst in the latest Africa Risk Reward Index produced by consulting firm Control Risks and Oxford Economics.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Mako Gold's 7m at 5.39g/t gold from 87m at its Napié project in Côte d'Ivoire. We also take a close look at other drill hits from last week as reported by Sunshine Metals in Queensland and West African Resources in Burkina Faso.
West African Resources has announced it will raise $150 million, as it moves towards first production at its Kiaka gold project in Burkina Faso next year.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Chilwa Minerals' drilling in Malawi that threw up an intriguing intercept of 13m at 10.5 per cent total heavy minerals. We also take a close look at other interesting drill hits from last week reported by Magnetic Resources and West African Resources.
Shares in West African Resources rose 3 per cent to $1.50 on Friday, following news that the gold miner had drawn down the final $US100 million of its $US265 million secured loan facility.
Shares in Capricorn Metals and West African Resources dipped slightly on Friday, after both companies provided preliminary production updates for the March 2024 quarter.
West African Resources posted a net profit after tax of $164.8 million during the 2023 full year, which was down 10.2 per cent from $183.7 million during the prior corresponding period.
Subiaco-based West African Resources announced on Friday it had met the upper tier of its full year 2023 production guidance, as construction plans at the company's Kiaka gold project in Burkina Faso continue.
Calidus Resources told the market on Wednesday it had reduced annual production guidance for the 2024 financial year, citing lower-than-anticipated material movement.
West African Resources has awarded a contract to East Perth engineering services company Lycopodium, over works on its $430 million Kiaka gold project in Burkina Faso.
Our board moves wrap includes Jonathan Fisher, Bill Clayton, Ross Taylor, Ed Turner, Jag Sanger, Tommy Logtenberg, Lisa Riley, Robin Romero, and Libby Mounsey.
Subiaco-based West African Resources is raising funds to acquire another gold project in Burkina Faso where construction is expected to start early next year.
Low-profile mining contractor Steve Coughlan is this year's winner of the GJ Stokes Memorial Award, recognising his success in building Byrnecut into a global industry leader.
Decmil has appointed current executive director Dickie Dique as chief executive, replacing Scott Criddle who will remain with the company as an executive director.
West African Resources has acquired a gold deposit located near its existing Sanbrado project in Burkina Faso, with the Subiaco-base company to pay up to $US45 million ($A69 million) in staged payments.
The amount of money raised by ASX-listed explorers increased by 19 per cent to $1.61 billion in the December quarter, primarily for larger companies with lower-risk projects, according to a new report from accounting firm BDO.
Ghana Manganese Company has terminated its equipment hire contract with Perenti Global subsidiary African Mining Services, following a temporary suspension of the contract earlier this month.
Perenti Global will exit from two Burkina Faso operations following an ambush on its employees last month, but will continue operating three other mines in the country. The contractor also announced today several new contracts in Australia and Africa.
