West African Resources (ASX:WAF) - CEO & Executive Chairman, Richard Hyde
CEO & Executive Chairman, Richard Hyde
Source: The Market Herald
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Gold explorer West African Resources (WAF) boasts another successful quarter of production at its Sanbrado Project in Burkina Faso
  • The company tallied a record 63,610 ounces of gold for the June quarter
  • Gold production from its M1 south underground operation was up 116 per cent on the March quarter
  • WAF is expecting to release its full June 2021 quarterly activities report before the end of this month
  • WAF last traded at $1.01 per share

West African Resources (WAF) has reported another record quarter production for its Sanbrado gold mine in Burkina Faso.

The company tallied a record 63,610 ounces of gold for the June quarter.

Gold production at the M1 South underground operation hit 103,550 tonnes at 10.1 grams per tonne for 33,480 ounces gold, a 116 per cent increase over the March quarter.

Notably during the quarter, a maintenance shutdown and mill reline was completed.

CEO Richard Hyde said the underground ramp-up had continued to plan.

“Solid progress was also delivered by open pit mining and processing under pinning the quarterly production result,” he said.

WAF is expecting to release its full June 2021 quarterly activities report before the end of this month.

Just before the market opens for the week, WAF last traded at $1.01 per share.

WAF by the numbers
More From The Market Online

Renascor signs Indigenous Land Use Agreement for Siviour Graphite Project

Renascor Resources has finalised an Indigenous Land Use Agreement with the Barngarla Determination Aboriginal Corporation RNTBC.

Sayona sells $13.7M Troilus stake to grow lithium plays as prices low

Hotly watched ASX stock Sayona Mining has sold $12M worth of shares of Toronto-listed Troilus Gold…

Barton Gold sees latest raise exceed target by 300%

Barton Gold (ASX:BGD) has announced that its latest share purchase plan (SPP), intended to raise A$1M,…
The Market Online Video

Market Update: Unemployment on an even keel as ASX gains marginal ground

Australia's unemployment has edged up to 3.8%, according to ABS data, marking a 0.1% increase with…