West African Resources on Track to Meet Full Year Production Guidance, Says Euroz Hartleys

MT Newswires Live

2025/07/10

West African Resources' (ASX:WAF) Sanbrado operation remains well-positioned to meet full-year guidance of 190,000 to 210,000 ounces, with the potential for stronger performance in the second half of the year, said Euroz Hartleys in a Thursday note.

The company on Wednesday reported second-quarter gold production of 45,611 ounces and gold sales of 49,840 ounces at an average price of $3,282 per ounce at its Sanbrado gold mine in Burkina Faso.

Euroz Hartleys maintained its group-level production forecast of 335,000 ounces for the calendar year and expects the company's Kiaka operation to potentially reach the upper end of its full-year guidance of 100,000 to 150,000 ounces.

The research firm has maintained its buy rating with a target price of AU$4.15.

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