Gold miner West African Resources says it is on track to achieve the upper end of its full-year gold production guidance of between 190 000 oz and 210 000 oz at an all-in sustaining cost (AISC) of less than $1 300/oz.
The ASX-listed company’s Sanbrado mine, in Burkina Faso, produced 47 799 oz of gold at an AISC of $1 296/oz for the third quarter ended September 30.
This takes its year-to-date production to 155 443 oz at an AISC of $1 248/oz.
It sold 49 643 oz of gold at an average price of $2 493/oz in the third quarter, taking year-to-date sales to 151 596 oz.
Operating activities generated A$59-million of cash in the third quarter after payment of A$18-million in income taxes.
Capital investing activities used A$175-million cash, including A$161-million for development of the Kiaka project, which is also located in Burkina Faso.
The Kiaka project remains on schedule and budget, with first gold expected in the third quarter of 2025.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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