West African Resources Should Comfortably Meet FY26 Output Goal
Dow Jones
Yesterday
Barring any material disruptions, West African Resources should comfortably meet its production targets, particularly if improved access to explosives continues. That is Macquarie's view following the gold miner's 3Q operational update. West African Resources reported 3Q output of 127,950 oz of gold. That beat Macquarie's forecast by 11%. "We are likely to see improved all-in sustaining costs this quarter, given stronger sales (135,000 oz, +22% quarter-over-quarter) offsetting the increase in mined and milled tonnage," Macquarie says. It retains an outperform call and A$4.00/share price target on West African Resources, which ended Thursday at A$3.50.
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