West African Resources posts June 2026 quarter gold production update

The West African Resources Ltd (ASX: WAF) share price is in focus after the company reported group gold production of 125,179 ounces for the June 2026 quarter, up 37% at Sanbrado compared to Q1, and confirmed it remains on track to meet its annual production guidance.

What did West African Resources report?

• Q2 group gold production: 125,179 oz (Sanbrado 57,608 oz, Kiaka 67,571 oz)
• Q2 group gold sales: 110,737 oz at an average realised price of US$4,556/oz
• Year-to-date group gold production: 232,905 oz
• Year-to-date group gold sales: 214,883 oz at US$4,744/oz
• On track to achieve 2026 guidance of 430,000–490,000 oz gold

What else do investors need to know?

WAF continued to ramp up open pit and underground mining at its Sanbrado centre, with underground mined ounces rising 60% from the prior quarter. The Sanbrado process plant’s gold output rose, thanks to higher grades and recovery rates.

At Kiaka, open pit mining output fell 24% from Q1, mainly due to a reduction in ore tonnes and grade, while processing still delivered growth in gold produced. Regulatory delays affected explosives supply at Kiaka, leading to operational adjustments prioritising ore production.

WAF is also working with the Burkina Faso government and SOPAMIB on finalising SOPAMIB’s 25% acquisition of Kiaka SA, valued at approximately A$176 million.

What did West African Resources management say?

Executive Chairman and CEO Richard Hyde said:

With year-to-date production of 232,905 ounces of gold from our two large low-cost gold production centres of Sanbrado and Kiaka in Burkina Faso, WAF is on-track to achieve 2026 annual production guidance of 430,000 – 490,000 ounces of gold. I look forward to releasing our full quarterly activities report in the coming weeks.

What’s next for West African Resources?

The company expects to maintain 2026 gold production volumes despite delays in permits, with Sanbrado mine plans retaining flexibility to adjust for timing impacts. Subject to government approvals, development of Sanbrado’s M5 South underground is expected to commence in early 2027.

At Kiaka, operational plans continue to adapt to the available explosives supply, focusing on “free dig” mining areas. WAF remains engaged with authorities to secure outstanding approvals and supports growth at both production centres.

West African Resources share price snapshot

Over the past 12 months, West African Resources shares have risen 29%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post West African Resources posts June 2026 quarter gold production update appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.