West African Resources Limited (ASX:WAF) Releases March 2025 Production Update
Gold Production and Sales
West African Resources Limited produced 50,033 ounces of gold in Q1 and sold 48,338 ounces at an average price of US$2,832 per ounce.
Mining Operations
Open pit mining in Q1 yielded 40,788 ounces from 1,545kt of ore at 0.8g/t. Underground mining increased by 7%, delivering 33,670 ounces from 149kt of ore at 7.0g/t. Ore stockpiles grew by 34%, adding 20,600 ounces.
Operational Highlights
The Sanbrado process plant maintained steady performance, milling 857kt of ore at a head grade of 2.0g/t with a 92.9% recovery rate, producing 50,033 ounces of gold.
Future Guidance
West African Resources is on track to achieve its 2025 guidance of 190,000 to 210,000 ounces of gold at site sustaining costs below US$1,350 per ounce.
Executive Comments
Executive Chairman and CEO Richard Hyde stated, “Sanbrado has had a solid start to 2025 with gold production of 50,033 ounces in Q1. WAF remains on track to achieve our annual production guidance of 190,000 to 210,000 ounces in 2025. We look forward to providing our full quarterly activities report in the coming weeks.”
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