Articles On West African Resources (ASX:WAF)

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%...

Generally, gold is seen as a defensive asset; the commodity investors turn to when times get tough. But lately, with interest rates low and inflation lagging, Shaw and Partners senior investment adviser Adam Dawes said gold has potentially...

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...

After a cold, dark month of September (and part of August … and a bit of October), large cap ASX resources stocks found a bit of shine in Friday trade. The ASX 200 Materials index led gains amid steady demand across local markets on Friday,...

ShareCafeWAF – Macquarie rates the stock as Outperform Sanbrado’s production in the September quarter was 20% ahead of Macquarie’s expectations. The broker notes a robust performance in both the underground and open pit. The broker lifts es...

Burkina Faso-focused gold miner West African Resources has booked record quarterly production of 81,960oz at it Sanbrado gold mine and is expected to exceed full-year guidance.

  Wall Street starts October with gains After a dour September, Wall Street started October on a positive note with the three major indices all gaining between 0.83% and 1.41%. Sparking the rally were positive signs in the negotiations betw...

WEST AFRICAN Resources recorded a run-rate of 320,000 ounces per annum in the September quarter at Sanbrado in Burkina Faso, producing a total of 81,960oz ...

Welcome to the FNArena Corporate Results Monitor. Today's Reports: ((AFG)) - Australian Finance Group ((BGA)) - Bega Cheese ((BEX)) - BikeExchange ((DTC)) - Damstra holdings ((DDH)) - DDH1 ((GDG)) - Generation Development ((GNX)) - Genex...

WEST African Resources has signed off on a profit after tax of A$73.2 million for the half-year as its strong operational performance in Burkina Faso continues ...

The ASX 200 finished lower for the second consecutive day, falling lower by 0.94% today as COVID-19 cases continue to rise in Australia and across the globe. Health Minister Greg Hunt however said that more than 10 million Australians have...

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 prov...

The awards were announced at a gala dinner last night, which marked the end of the 30th edition of the Diggers & Dealers Mining Forum.

Fortescue Metals Group (ASX:FMG) CEO Elizabeth Gaines predicts steel production in China will not drop below 2020 levels despite talk of production cuts in the steelmaking powerhouse. She told delegates at the Diggers and Dealers Mining For...

  LIONTOWN RESOURCES (ASX:LTR) Charged up by both the resurgence of the lithium sector and its own progress at the Kathleen Valley Lithium Project in the Goldfields, Liontown Resources is one of the strongest performers among the presenters...

The market may be testing record highs but it isn’t all good news for investors as brokers have just downgraded these three ASX shares. The S&P/ASX 200 Index (Index:^AXJO) jumped 0.4% in the last hour of trade and is within striking di...

World Overnight SPI Overnight (Jun) 7301.00 + 19.00 0.26% S&P ASX 200 7379.30 – 52.10 – 0.70% S&P500 4400.64 – 0.82 – 0.02% Nasdaq Comp 14762.58 + 102.01 0.70% DJIA 34930.93 – 127.59 – 0.36% S&P500 VIX 18.31 – 1.05...

Bega Cheese (BGA), Perseus Mining (PRU), West African Resources (WAF), Challenger Financial Svcs (CGF) & Kogan.com (KGN).

Australian shares had a positive start to the week despite closing well off intraday highs. After gaining as much as 0.44% the ASX 200 closed just 0.09% higher at 7,315 points. The ASX Emerging Companies Index meanwhile lost 0.33%, closing...

The West African Resources Ltd (ASX: WAF) share price is climbing following a production update for the month of June. During morning trade, the gold miner’s shares are swapping hands for $1.03, up 1.98%. How is West African Resources perf...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes. By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macqu...

World Overnight SPI Overnight (Jun) 7170.00 – 29.00 – 0.40% S&P ASX 200 7298.50 – 43.70 – 0.60% S&P500 4241.84 – 4.60 – 0.11% Nasdaq Comp 14271.73 + 18.46 0.13% DJIA 33874.24 – 71.34 – 0.21% S&P500 VIX 16.32 – 0.34...

World Overnight SPI Overnight (Jun) 7248.00 – 5.00 – 0.07% S&P ASX 200 7342.20 + 106.90 1.48% S&P500 4246.44 + 21.65 0.51% Nasdaq Comp 14253.27 + 111.79 0.79% DJIA 33945.58 + 68.61 0.20% S&P500 VIX 16.66 – 1.23 – 6...

World Overnight SPI Overnight (Jun) 7244.00 + 89.00 1.24% S&P ASX 200 7235.30 – 133.60 – 1.81% S&P500 4224.79 + 58.34 1.40% Nasdaq Comp 14141.48 + 111.10 0.79% DJIA 33876.97 + 586.89 1.76% S&P500 VIX 17.89 – 2.81 –...

Summary The ASX dropped over 2% to hit intraday low of 7,216.60, led by sharp sell-off in financials, energy, and industrial stocks. The market sentiments were dented by the US Fed official comment that the central bank might raise int...

Summary The S&P/ASX 200 closed higher by 9.90 points or 0.13%, at 7368.90. The index ended higher for the fifth straight week, gaining 0.77% in the last five days. BNPL firm Zip Co emerged as the top gainer, while energy firm Sant...

Summary The ASX 200 rebounded strongly from opening losses and reclaimed 7,400 levels. The market rally was driven by strong gains in technology, telecom, and healthcare stocks. BNPL player ZIP Co was the top performer on the ASX with...

Tietto Minerals (ASX: TIE) had added key people to what it now regards at the best mine-building team in West Africa as it increases development momentum at its Abujar gold project in Cote d’Ivoire. The company says it expects to make furth...

World Overnight SPI Overnight (Jun) 7272.00 – 3.00 – 0.04% S&P ASX 200 7270.20 – 22.40 – 0.31% S&P500 4219.55 – 7.71 – 0.18% Nasdaq Comp 13911.75 – 13.16 – 0.09% DJIA 34447.14 – 152.68 – 0.44% S&P500 VIX 17.89 + 0....

Summary The S&P/ASX200 is trading 5.20 points higher to 7265.30 by the afternoon. The index scaled a new intra-day high of 7282.3, before easing back. Healthcare, Industrials and Consumer Staples stocks gained over 1% each. ...