West African Resources (ASX:WAF) - Executive Chairman, Richard Hyde
Executive Chairman, Richard Hyde
Source: West African Resources / Twitter
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • West African Resources (WAF) produces record gold at its Sanbrado Gold Operations in the December quarter
  • Gold production is up 7 per cent with a record of 87,320 ounces of gold produced in December 2021 with 288,720oz gold produced for the year
  • Sales for gold in 2021 were at a record high of 295,220 ounces
  • West African Resources last traded at $1.24 on January 6

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.

WAF by the numbers
More From The Market Herald
The Market Herald Video

" Askari Metals (ASX:AS2) acquires Barrow Creek Lithium project after raising $2.6m

Askari Metals (ASX:AS2) has acquired the Northern Territory Barrow Creek Lithium project after completing a $2.6…
Agrimin (ASX:AMN) - CEO, Mark Savich

" Agrimin (ASX:AMN) announces $7m cap raise

Following a trading halt earlier in the week, fertiliser development company Agrimin (ASX:AMN) has announced plans…

" Race Oncology (ASX:RAC) reports $1.8m in cash outflows

Race Oncology (ASX:RAC) reports $1.8 million in cash outflows