West African Resources (ASX:WAF) has cracked another all-time high valuation, to now sit at $3.30 a share, after meeting CY25 guidance with 330,383 ounces (including 112K in December) produced through the last twelve months.
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There’s only been three (and a half, counting today) trading days through ’26 at time of writing, but it’s already been enough for West African Resources to enjoy a +10% bump. Most came today, with the Perth-headquartered gold producer climbing 10.5 cents a share and a steady $3.78 billion market cap.
At times, the share price even ticked over $3.33, around 12.5cps higher than open, which would mark the actual ATH recorded for the company.
The latest excitement has come from the miner’s full-year review: Across its Sanbrado and Kiaka operations – both in Burkina Faso – West African cleared its annual range by some 40K ounces, and nearly hit the top end, 360K.
This week’s guidance victory marks a half-decade straight that West African has ticked over its predictions, with this a “record year of production” to boot.
“I would like to commend both our Sanbrado and Kiaka operational teams,” West African CEO and chairman, Richard Hyde, said today. “Combined group gold production for the full year 2025 was well within WAF’s annual guidance of 290,000 and 360,000 ounces, and was a record year of production for WAF.”
Special mention was made of Sanbrado’s open pit mining, which started at the M5 North pit through Q4 and resulted in 299K tonnes of ore mined at an average grade of 0.8 grams per tonne. That haul produced 7,927 ounces, all up.
And at Kiaka, mined ounces increased 76% compared to Q3, while ore mined in Q4 rose to 3.27M tonnes at 0.8g/t, delivering some 83,270 ounces.
At time of writing, WAF hares can be bought Wednesday for $3.30/ea.
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