PriceSensitive

West African Resources (ASX:WAF) produces record gold in December quarter

ASX News, Mining
ASX:WAF      MCAP $1.397B
07 January 2022 09:20 (AEST)
West African Resources (ASX:WAF) - Chairman, Richard Hyde

Source: West African Resources / Twitter

West African Resources (WAF) produces record gold in the December quarter at its Sanbrado Gold Operations, located in Burkina Faso.

Gold production is up 7 per cent with a record of 87,320 ounces of gold produced in December 2021.

There has been a record gold production in 2021 of a total of 288,720 ounces.

The sales for gold in 2021 were at a record high of 295,220 ounces.

There were no significant social, health or safety incidents at Sanbrado Gold Operations since April 2019.

Production from M1 South increased, up to 29 per cent in the December quarter with 119kt mined at 9.5g/t for 36,256 ounces of gold.

Gold production increased 7 per cent in the December quarter with a record of 87,320 ounces of gold produced.

CEO and Chariman of West African Resources, Richard Hyde, said 2021 was a record year of production for West African with 289,000oz produced exceeding the upper end guidance.

“The Company also achieved record of gold sales of over 295,000oz for the year. We look forward to releasing production and cost guidance for 2022, and updated resources and reserves for Sanbrado and Toega later in Q1 2022,” he said.

West African Resources last traded at $1.24 on January 6.

Related News