Articles On West African Resources (ASX:WAF)

Shares in West African Resources rose after the Burkina Faso-focused gold miner posted a solid June quarter results with only a modest increase in operating costs.

Emerging gold miner Calidus up after announcing transition to steady state production New bullion producer has turned out almost 9000oz of gold bars since May New gold producers were some of the best performing gold stocks on the ASX last...

West African Resources (WAF) intercepts 5.3 grams of gold per tonne in first-pass drilling at its MV3 prospect in Burkina Faso The company has drilled a total of 68 holes for 8329 metres at the prospect to date, with results now released f...

ShareCafeEvening Report: 25 May, 2022 by Lauren Evans   The Aussie sharemarket held onto its gains today thanks to a rally in gold miners, major banks and consumer staples while most sectors ended the day slightly up. This came after renewe...

World Overnight SPI Overnight 6911.00 – 5.00 – 0.07% S&P ASX 200 6941.00 – 123.70 – 1.75% S&P500 3930.08 – 5.10 – 0.13% Nasdaq Comp 11370.96 + 6.73 0.06% DJIA 31730.30 – 103.81 – 0.33% S&P500 VIX 31.77 – 0.79 – 2.4...

To find 10-bagger stocks investors often go “where the industry is less comfortable”: Rick Rule But risks abound. Lithium favourite AVZ is the latest ASX stock to potentially come unstuck in a Third World jurisdiction Global energy transit...

Garimpeiro is glad the quarterly reporting period for the Aussie gold miners has come to an end. The endless complaints about rising costs due to COVID impacts and higher energy costs became unbearable. True, there was real cost pressure on...

Nickel’s done some weird, wacky and wonderful things in recent weeks. The latest was the stalling of IGO’s (ASX:IGO) attempt to takeover fellow WA nickel miner Western Areas (ASX:WSA). That looked to be a formality after WSA’s share registe...

An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities. In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Au...

The VanEck Gold Miners ETF (ASX: GDX) has significantly outperformed Australia’s benchmark index in 2022 so far. It has gained an impressive 20.5% since the start of this year, compared to the S&P/ASX 200 Index‘s (ASX: XJO) 7.3% tumbl...

Investor enthusiasm for the energy transition thematic has dramatically shifted the balance of the junior exploration sector, with new figures showing ASX-listed lithium explorers deposed gold juniors in raising capital for the first time i...

Aluminium prices have been bursting through the roof, helped to no small degree by energy shortages and Russia’s aggressions towards Ukraine, which could draw sanctions against the world’s largest producer Rusal. At US$3313/t prices for the...

West African Resources (WAF) sets an unhedged gold production target of 220,000 to 240,000 ounces of gold for 2022, a drop from 2021 gold production of 288,719 The guidance comes with an all-in sustaining cost of between US$1040 and US$110...

Key points The West African Resources share price has tumbled 22% since it released its quarterly earnings on Monday Its stock might have also been impacted by news of a coup in its operating nation The company reached its full year guida...

The ASX 200 has fallen below the 7,000 level for the first time since May 2021, after slumping by 2.68% ahead of the Australia Day break tomorrow. Local investors were in selling mood as sentiment towards holding risky assets has turned neg...

West African Resources (WAF) operations in Burkina Faso are continuing despite political unrest in the country On Monday the Burkina Faso army announced it had ousted President Roch Kabore, dissolved the government and the national assembl...

Nickel has been one of the hottest commodities in 2022, seeing its price rise 14.5% to over US$24,000/t for the first time in a decade last week. But new Tsingshan has set the first stocks of nickel matte to sea from Indonesia to China dest...

West African Resources (WAF) announces record annual gold production of 288,719 ounces in 2021 at its 90-per-cent-owned Sanbrado project in Burkina Faso The company reports gold sales for the full year were 295,215 ounces with an all-in su...

Regis Resources (ASX:RRL) has been absolutely savaged after lopping 40,000oz off its guidance after a wall slip at its Rosemont open pit. The terrible news compounded a weak trading day for gold miners, with Regis’ stock slipping by over 14...

The materials sector dominated the top spots among the large caps today, with gold miners propping up a struggling ASX 200. Oceanagold (ASX:OGC), Regis Resources (ASX:RRL), Northern Star Resources (ASX:NST), West African Resources (ASX:WAF)...

Shares in West African Resources were firmer after the company exceeded annual guidance to post record yearly and quarterly gold production.

West African Resources (ASX:WAF) has continued its stunning run since popping the cork at the Sanbrado mine in Burkina Faso, setting another production record and blitzing guidance for 2021. In its first full year of operations at Sanbrado,...

West African Resources (WAF) produces record gold at its Sanbrado Gold Operations in the December quarter Gold production is up 7 per cent with a record of 87,320 ounces of gold produced in December 2021 with 288,720oz gold produced for th...

Selling pressure eases on Wall Street After the big tumble on Wednesday following the release of Fed’s rate cut plans, US stocks fell more modestly overnight. All three major benchmarks were down – the S&P 500 by 0.10%, the Dow by 0.47%...

Gold scaled above US$1800/oz overnight, inspiring a rally for ASX large and mid-cap gold miners this morning. Precious metals producers propped up the materials sector, with Regis Resources (ASX:RRL), up 4.59%, and West African Resources (A...

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

West African gold stocks are beginning to make a lot of noise about the successes they have had exploring in a rich but underexplored part of the world. While many companies are turning back to Australia or shifting their focus to future-fa...

West African Resources (WAF) closes a share purchase plan oversubscribed by more than triple its $10 million target The company says it received subscriptions for more than $30 million worth of new shares, meaning it will now scale back ap...

In recent years attitudes towards African mining stocks have arguably changed as investors have become more risk averse and sensitive to both ESG and geopolitical risk. The words “Tier 1 jurisdiction” are becoming more prominent in the lexi...

Positivity around iron ore and other commodities that has driven the materials index to a 1.92% gain this week cooled this morning as iron ore futures dived. On a weak morning for trade in the big miners and across the ASX, 2021 success sto...

It’s not just your imagination. Rising publicity around ‘critical minerals’, ESG and battery metals is having a transformative impact on the value and make-up of Australia’s resources sector. The proof is in the pudding as they say, and thi...

Inflation pressures have brought green shoots for gold miners, who have seen prices rise by around US$100/oz over the past fortnight. But for most of the year it’s been a tough run for ASX-listed gold producers, who have suffered negative s...

African gold miners have been among the ASX’s quiet achievers over the past year, and Tietto Minerals (ASX:TIE) is no exception. Tietto is not quite a miner yet, but does own the Abujar gold project in Cote d’Ivoire in West Africa. Proposed...

In a recent chat with Stockhead’s Oriel Morrison, famous resources investor Rick Rule said Australian stocks were ripe targets for mounting merger and acquisition activity, especially in the gold space. Most have enjoyed strong margins and...

What happened to the most talked about metals and minerals in October? Investor sentiment for commodities went ballistic, almost across the board. Copper was back in vogue, rising above US$10,000/t for the first time since May. The close of...

World Overnight SPI Overnight 7360.00 + 13.00 0.18% S&P ASX 200 7370.80 + 47.10 0.64% S&P500 4613.67 + 8.29 0.18% Nasdaq Comp 15595.92 + 97.53 0.63% DJIA 35913.84 + 94.28 0.26% S&P500 VIX 16.41 + 0.15 0.92% US 10...

Welcome to The Market Herald Deal Room’s Friday review of this week’s capital raising activity. On Thursday, West African Resources (WAF) announced it had secured $126 million through a placement at $1.25 per share — a discount of about...

The West African Resources Ltd (ASX: WAF) share price has come out of a trading halt to record heavy falls today. This follows the gold resource company’s update in regards to its recent share placement. During afternoon trade, West Africa...

West African Resources (WAF) receives firm commitments to raise $126 million through a placement of 101 million shares at $1.25 each The funds will go towards WAF’s Taurus principal repayment, Kiaka cash payment and final cash payment of t...

The ASX got off to a solid start today but the rally eased following the release of inflation data. Core inflation rose at the fastest pace since 2015 leading to speculation that the tightening of monetary policy could come sooner than 2024...

The ASX finished in the green by just 0.03%. Today’s gain was spurred by a 1.34% rally in tech shares as well as a rally in Crown (ASX:CWN) shares in the wash-up of the Victorian government’s royal commission. Despite the report finding the...

West African Resources (WAF) enters definitive agreements to acquire 90 per cent of the Kiaka gold project from B2Gold and their partner, GAMS-Mining The company will acquire the 90 per cent interest for US$100 million (A$133 million) in...

West African Resources has acquired the 6.8Moz Kiaka gold project from B2 Gold and GAMS in a staged $US100m cash, scrip and royalty deal.

West African Resources is in the market for a $135 million capital top-up via Euroz Hartleys and Sprott Capital. 

World Overnight SPI Overnight 7396.00 + 12.00 0.16% S&P ASX 200 7413.70 + 38.80 0.53% S&P500 4536.19 + 16.56 0.37% Nasdaq Comp 15121.68 – 7.41 – 0.05% DJIA 35609.34 + 152.03 0.43% S&P500 VIX 15.49 – 0.21 – 1.34%...

World Overnight SPI Overnight 7383.00 + 41.00 0.56% S&P ASX 200 7374.90 – 6.20 – 0.08% S&P500 4519.63 + 33.17 0.74% Nasdaq Comp 15129.09 + 107.28 0.71% DJIA 35457.31 + 198.70 0.56% S&P500 VIX 15.70 – 0.61 – 3.74%...

World Overnight SPI Overnight 7337.00 – 20.00 – 0.27% S&P ASX 200 7381.10 + 19.10 0.26% S&P500 4486.46 + 15.09 0.34% Nasdaq Comp 15021.81 + 124.47 0.84% DJIA 35258.61 – 36.15 – 0.10% S&P500 VIX 16.31 + 0.01 0.06%...

There is no shortage of gold-loving analysts, fund managers, miners and investment bankers ready to tell you the gold mining sector is undervalued. While miners are reporting the same profits they were a year ago, the retreat of gold prices...

West African Resources (WAF) trades green in early action after announcing some record figures in its latest quarterly financial report The company increases quarterly production from its Sanbrado gold mine in Burkina Faso by 29 per cent t...

The jawing between the world’s biggest miner, BHP (ASX:BHP) and the head of their Pilbara cousins Fortescue (ASX:FMG), Andrew Forrest, is continuing to deliver the goods. The two have been locked in a battle for control of relatively unhera...