News Articles

Mining 23 Apr 2026

African-focused gold quartet remain on track

GOLD WRAP: Higher demand and gold prices have overall led to productive March 2026 quarters for goldminers West African, Regis, Perseus and Resolute.

Mining 21 Apr 2026

Burkina Faso increases Kiaka stake for $175m

West African Resources has announced Burkina Faso's junta government will increase its stake in the Kiaka gold project.

Mining 17 Mar 2026

West African posts $567m profit

Goldminer West African Resources increased its net profit by $321 million in CY25, on the back of increased production courtesy of its Kiaka gold mine.

Mining 23 Feb 2026

West African to continue govt dialogue

West African Resources says it will continue to engage in discussions with the government of Burkina Faso in relation to ownership of its Kiaka gold project.

Mining 28 Jan 2026

Welcomed news for West African, St Barbara

GOLD WRAP: Shares in gold-focused West African Resources and St Barbara Limited rose early on Wednesday following positive updates within their respective December 2025 quarterly reports.

Mining 09 Dec 2025

West African hopeful of mine life extension

West African Resources is hopeful that positive diamond drilling results at its Sanbrado gold operation in Burkina Faso could lead to a favourable outcome.

The Kiaka project sits close to West African's Sanbrado operation. Photo: West African Resources

Mining 25 Nov 2025

West African breaks silence on mine sale

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.

Mining 28 Aug 2025

West African enters trading halt

A day after announcing a half-year profit of $215 million, West African Resources has entered a trading halt.

Mining 26 Aug 2025

West African posts $215m half-year profit

West African Resources has announced a half-year profit of $215 million, as it aims to end CY25 with increased production.

Mining 06 Aug 2025

West African unveils 10-year production plan

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.

Mining 04 Jun 2025

Burkina Faso increases stake in West African assets

Richard Hyde-led West African Resources has told the market it will align with the 2024 Burkina Faso mining code, which was implemented in August.

Mining 13 May 2025

West African kicks off mining at Kiaka

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.

Mining 08 Apr 2025

West African confident of meeting guidance

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.

Mining 06 Mar 2025

West African posts $246m full-year profit

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.

Mining 08 Jan 2025

West African hits upper end of guidance

Burkina Faso-focused West African Resources hit the upper end of its 2024 full-year production guidance, following a strong fourth quarter.

Mining 23 Oct 2024

West African on course at Kiaka

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.

Mining 08 Oct 2024

Permit clarification delivers West African boost

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.

Mining 07 Oct 2024

West African shares down after uncertainty

Shares in West African Resources fell by 20 per cent on Monday to $1.34, off the back of jurisdictional uncertainty in Burkina Faso.

Mining 27 Aug 2024

West African posts $92m profit

Gold miner West African Resources posted a $92.16 million net profit after tax during the first half of 2024.

Mining 24 Jul 2024

West African on course for guidance

Gold miner West African Resources appears on course to reach its annual guidance for 2024, following a solid first half.

Mining 04 Jul 2024

West African to raise $150m

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.

Mining 21 Jun 2024

West African draws down final $US100m

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.

Mining 05 Apr 2024

Rainfall to impact Capricorn guidance

Shares in Capricorn Metals and West African Resources dipped slightly on Friday, after both companies provided preliminary production updates for the March 2024 quarter.

Mining 14 Mar 2024

West African annual profit down 10.2pc

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.

Mining 06 Feb 2024

West African shares down after update

Shares in West African Resources have been sold off today, following its reduced 2024 production guidance and forecasted higher costs.

Mining 25 Jan 2024

West African meets guidance as Kiaka construction continues

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.

Mining 05 Dec 2022

Lycopodium secures West African Resources contract

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.

Mining 26 Oct 2021

West African Resources in $133m acquisition

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.

Mining 29 Apr 2020

West African Resources secures new gold deposit

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.

Appointments 09 Sep 2019

Board Moves September 9, 2019

Our daily board moves wrap includes Geraint Harris, Alexander Burns, Kevin Tomlinson, Ray Shorrocks, Justine Campbell, Keith Bakker, David Rich, Peter Torre, Richard Hyde, Lyndon Hopkins, Rodney Leonard, Nigel Spicer, Mark Connelly, Ian Kerr, Luke Holden, Stuart Cruickshanks, and Todd Giltay.

Contracts 06 Aug 2019

Ausdrill wins $235m Africa contract

Ausdrill subsidiary African Mining Services has been selected as preferred open-pit mining contractor for West African Resources' Sanbrado gold project in Burkina Faso.

Mining 06 Dec 2018

West African, VDM, Genesis to raise $60m

Three local exploration companies have tapped investors for up to $60 million, led by a $48.2 million capital raising from West African Resources for its Sanbrado gold project in Burkina Faso.

News 28 Nov 2018

Byrnecut wins $152m West African contract

West African Resources has awarded a five-year, $152 million underground mining contract to fellow Perth-based miner Byrnecut at its Sanbrado gold project in Burkina Faso.

Mining 06 Nov 2018

Lycopodium wins West African contract

Lycopodium has secured an engineering contract with Scarborough-based West African Resources for its Sanbrado gold project in Burkina Faso, which has commenced early works.

Mining 07 May 2018

West African raises $35m

Scarborough-based West African Resources has tapped investors for $35 million via a capital raising to progress its Sanbrado gold project in Burkina Faso.

Deals 10 Aug 2016

West African raises $21m for gold project

Scarborough-based West African Resources has tapped investors for a $21 million capital raising to pay off debt and fund ongoing development of its Tanlouka gold project.

Deals 15 Apr 2016

Gold sector shines for brokers

The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.

Mining 29 Jul 2014

West African Resources study reveals low costs

Formerly Perth-based IMX Resources has announced a significant graphite deposit at its Nachingwea property in Tanzania, with a graphitic unit up to 500 metres wide and more than 10 kilometres long.

Deals 22 Aug 2013

West African secures $3 million from investors

West African Resources has raised $3 million to fast-track the development of a processing plant and exploration at its Moktedu gold project in Burkina Faso.

News Articles for Richard Hyde

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