** Shares of gold miner West African Resources WAF.AX rise as much as 4.8% to A$2.18, marking their biggest pct gain since March 28
** Stock currently up 4.1%, in line with gold stocks .AXGD: up 1.9%
** Co reported Q1 gold sales of 48,338 oz at an average price of US$2,832 per ounce, compared to 47,953 oz sales at an average price of US$2,690/oz in the previous quarter
** WAF up over 50% YTD, outperforming a 2.7% decline in gold sub-index
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com))
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