Articles On West African Resources (ASX:WAF)

Inflation, labour shortages, Covid and ageing assets are seeing costs climb across the ASX gold sector We pared through ASX quarterlies this month to find some of the industry’s top performers on costs in the September quarter If you spen...

S&P/ASX 200 Resources index drops 0.6% led by battery metals miners FMG, South32 in the green as miners await US CPI and China Covid policy news Second WA mine worker dies onsite this week   The S&P/ASX 200 Resources index fell 0....

The S&P/ASX 200 Index (ASX: XJO) closed in the red after spending most of today in the green. The index ended Thursday’s trade 0.07% lower at 6,642.6 points. Only one of the market’s sectors posted a notable gain today. The S&P/ASX...

The S&P/ASX 200 Index (ASX: XJO) posted its best performance in more than two years on Tuesday. The index closed 3.75% higher at 6,699.30 points. The gain came amid news that the Reserve Bank of Australia hiked interest rates by 0.25%...

ASX 200 starts October with a rise of ahead of the RBA decision tomorrow Energy and Utilities gain, while Tech slumps Oil surges 3% in Asian hours on OPEC+ rumours   Local shares had a mixed day to start the month off, with the ASX 200 fi...

It’s a public holiday in many Australian states today, but that hasn’t stopped the ASX share market from opening. Typically, the ASX only closes on national public holidays, such as Good Friday, ANZAC Day, and Christmas.  So, you’re still...

The S&P/ASX 200 Index (ASX: XJO) dumped most of Thursday’s gains today. The index closed 1.23% lower at 6,474.20 points. That saw it posting a 1.53% week-on-week tumble and a 7.34% fall for the month of September. Today’s suffering fo...

Highlights The Australian share market opened lower on Wednesday. The ASX 200 index opened 19.80 points, or 0.29% lower at 6,786.60. The benchmark has shed 0.62% in past five days. The Australian share market opened lo...

Archaeological discoveries suggest gold has been a feature of life and culture in South Africa for over a Millennium. But the modern history of gold is intrinsically linked with the discovery of the Witwatersrand Basin in 1886. Once an inla...

Negative leads from Wall Street helped drive Aussie stocks lower as several banks forecast another jumbo rate hike next month following Reserve Bank Governor Philip Lowe’s appearance this morning before a parliamentary committee. The S&a...

The share market suffered its biggest setback in three months after unexpectedly hot US inflation data forced investors to reassess the outlook for interest rates. Equity markets from Europe through to Asia turned sharply lower as risk a...

The share market skidded towards its worst loss since June after stubbornly high US inflation data bolstered the case for much higher rates by year-end. The S&P/ASX 200 tumbled 172 points or 2.46 per cent by the halfway mark. Just tw...

The S&P/ASX 200 Index (ASX: XJO) edged higher on Monday following last week’s horror 3.88% tumble. The index closed today’s trade 0.34% higher at 6,852.20 points. The S&P/ASX 200 Energy Index (ASX: XEJ) provided a major boost t...

The share market steadied on the eve of an increase in interest rates as a US market holiday and a rebound in key commodities encouraged buyers. The S&P/ASX 200 bounced 23.5 points or 0.34 per cent from Friday’s five-week low. Gai...

A rebound in resource stocks helped the share market weather weak overseas leads ahead of a likely rate rise tomorrow. The S&P/ASX 200 bounced nine points or 0.12 per cent from Friday’s five-week low.   Gains in the energy and mat...

Sarama Resources is working hard to grow its existing multi-million-ounce resource, with a large +50,000m drilling program at its Sanutura project in Burkina Faso continuing to expose the high-grade gold riches close to surface. Drilling at...

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Tuesday was another rough session for many S&P/ASX 200 Index (ASX: XJO) shares as the index traded in the red for a second consecutive day. The ASX 200 closed 1.21% lower at 6,961.8 points today. That was despite a strong performance...

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services pr...

The S&P/ASX 200 Index (ASX: XJO) defied its earlier downturn to close higher after the Reserve Bank of Australia (RBA) lifted interest rates for a fourth consecutive month. The index was 0.07% higher at 6,998.10 points at Tuesday’s c...

The S&P/ASX 200 Index (ASX: XJO) enjoyed a second day in the red on Wednesday despite materials shares weighing on the market. The index was 0.23% higher at 6,823.20 points at today’s close. That was despite news Australia’s consu...

Nickel prices crossed the psychologically significant US$20,000/t mark overnight lifting the sector, as a fleck of optimism around China’s property market reinvigorated base metals. Nickel recorded a large 6.5% bounce to hit US$20,652/t, li...

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...