Subscribe Now   -   Standard: only $199 per year   or   Premium: only $299 per year  -   Click Here

West African Resources Ltd

www: www.westafricanresources.com   email: info@westafricanresources.com
Category: Mid-tier Producer
Rating & Risk: Login to view
Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
ASX:WAF AUD
OTCMKTS:WFRSF USD

Description

West African Resources Ltd are a gold focused mid-tier producer with two mines in development in Burkina Faso and two exploration properties. They have approximately 12.5Moz. of gold in the reserves and resources category of which 8.5Moz. are in the measured and indicated category. They have a market capitalisation of ~A$1672.52M which is a rise of roughly 57% over the last three months. As of 01/06/2025 they have ~A$230M debt and ~A$269.21M cash. They have 1,140M shares outstanding and trade on the Australian Stock Exchange and the over-the-counter markets.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 01/06/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $1,065.91M $1,672.52M 01/06/2025 $606.61M
Total Assets: $985.90M $986.07M 01/06/2025 $0.17M
Total Liabilities: $364.94M $365.00M 01/06/2025 $0.06M
Current Assets: $394.36M $394.43M 01/06/2025 $0.07M
Current Liabilities: $93.90M $93.91M 01/06/2025 $0.02M
Total Debt: $229.73M $229.77M 01/06/2025 $0.04M
Cash: $269.17M $269.21M 01/06/2025 $0.05M
Enterprise Value: $1,026.47M $1,633.08M 10/01/2021 $606.60M
Cash Flow: $327.25M $575.32M never $248.07M
Cash Flow Multiple: 3.26 2.91 never -0.35
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 01/06/2025 n/a
Misc 01/06/2025
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 1,139,776,844 1,139,776,844 01/06/2025 0
Shares (FD): 1,149,000,000 1,149,000,000 01/06/2025 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2020 01/06/2025 n/a
Production (Gold Eq Oz.): (guess) 
350,000		 (guess) 
420,000		 02/20/2025 70,000
Production (Silver Eq Oz.): (guess) 
30,865,127		 (guess) 
38,629,599		 02/20/2025 7,764,472
Initial CapEx (Outstanding): n/a n/a 01/06/2025 n/a
Funding Option: n/a n/a 01/06/2025 n/a
Documentation: none PRODUCER 02/20/2025 n/a
Future MCap Modifier: 0.25
Producer: Quality
 0.25
Producer: Quality
 12/14/2023 0
Cash Flow Multiplier: 12 12 09/01/2024 0.00

Resource Data

GOLD 01/06/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 6.70M 6.70M 01/06/2025 0.00M
Measured & Indicated: 8.50M 8.50M 01/06/2025 0.00M
Inferred: 4.00M 4.00M 01/06/2025 0.00M
Reserves & Resources: 12.50M 12.50M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 6.03M 6.03M 01/06/2025 0.00M
Measured & Indicated: 7.33M 7.33M 01/06/2025 0.00M
Inferred: 1.80M 1.80M 01/06/2025 0.00M
Reserves & Resources: 9.13M 9.13M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
350,000oz.		 (guess) 
420,000oz.		 02/20/2025 70,000oz.
Cash Cost: $1,100 $1,150 02/20/2025 $50.00
Extra Operating Cost: $600 $600 01/06/2025 $0.00
Total: $1,700 $1,750 02/20/2025 $50.00
Margin (Free Cash Flow): $935 (35%) $1,370 (44%) $434.80
G
R
A
D
E		 Underground (Avg): n/a n/a 01/06/2025 n/a
Open Pit (Avg): n/a 1.20 g/t 03/24/2024 1.20 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/20/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 10.00M 10.00M 01/06/2025 0.00M
Annual Production: 450,000oz. 450,000oz. 01/06/2025 0oz.
Cash Cost: $1,100 $1,200 02/20/2025 $100
Extra Operating Cost: $600 $600 01/06/2025 $0
SILVER 01/06/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 01/06/2025 0.00M
Measured & Indicated: n/a n/a 01/06/2025 0.00M
Inferred: n/a n/a 01/06/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 01/06/2025 0.00M
Measured & Indicated: n/a n/a 01/06/2025 0.00M
Inferred: n/a n/a 01/06/2025 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 01/06/2025 $0.00
Extra Operating Cost: n/a n/a 01/06/2025 $0.00
Total: n/a n/a 01/06/2025 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 01/06/2025 n/a
Open Pit (Avg): n/a n/a 01/09/2024 n/a
Recovery Rate: n/a n/a 01/06/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 01/06/2025 0.00M
Annual Production: n/a n/a 01/06/2025 n/a
Cash Cost: n/a n/a 01/06/2025 n/a
Extra Operating Cost: n/a n/a 01/06/2025 n/a

Property

Last Analysis Data  (01/06/2025)
Stage Name Owned Au Ag Cu Notes
Dev Sanbrado 100% show
5 million oz open pit

Producing 200,000 annually.
Dev Toega 100% show
1 million oz surface deposit at 2.1 gpt.

Feasibility in 2021.

Next mine.
Exp Kiaka 90% show
7 million oz resource.
Development in 2023-24
Exp Fox Creek 100% n/a
Total Land Package Size (ha): 85,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Sanbrado 100% show
5 million oz open pit

Producing 200,000 annually.
Dev Toega 100% show
1 million oz surface deposit at 2.1 gpt.

Feasibility in 2021.

Next mine.
Exp Kiaka 90% show
7 million oz resource.
Development in 2023-24
Exp Fox Creek 100% n/a
Total Land Package Size (ha): 85,000  

Profitability (by resource)

Proven &
Probable		 01/06/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 6.70M 6.70M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 25.39M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 6.03M 6.03M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 22.85M
Maximum Profit (Gold): $5,638.05M $8,259.89M n/a $2,621.84M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $5,638.05M $8,259.89M n/a $2,621.84M
Max Profit / Current MCap: 5.289 4.939 n/a -0.351
Max Profit Per Share (Gold): $4.91 $7.19 n/a $2.28
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $4.91 $7.19 n/a $2.28
Total Free Profit Per Share: $3.42 $4.86 n/a $1.44
FD MCap / Gold Eq.: $176.77 $277.37 n/a $100.60
FD MCap / Silver Eq.: $2.00 $3.02 n/a $1.01
FD MCap / Per Metal
as % Spot Price:		 6.71% 8.89% n/a 2.18%
Measured &
Indicated		 01/06/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 8.50M 8.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 32.21M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 7.33M 7.33M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 27.76M
Maximum Profit (Gold): $6,849.81M $10,035.15M n/a $3,185.34M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $6,849.81M $10,035.15M n/a $3,185.34M
Max Profit / Current MCap: 6.426 6.000 n/a -0.426
Max Profit Per Share (Gold): $5.96 $8.73 n/a $2.77
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $5.96 $8.73 n/a $2.77
Total Free Profit Per Share: $4.48 $6.41 n/a $1.93
FD MCap / Gold Eq.: $145.50 $228.30 n/a $82.80
FD MCap / Silver Eq.: $1.65 $2.48 n/a $0.83
FD MCap / Per Metal
as % Spot Price:		 5.52% 7.32% n/a 1.80%

Reserves &
Resources		 01/06/2025
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 12.50M 12.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 47.36M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 9.13M 9.13M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 34.58M
Maximum Profit (Gold): $8,532.81M $12,500.79M n/a $3,967.98M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $8,532.81M $12,500.79M n/a $3,967.98M
Max Profit / Current MCap: 8.005 7.474 n/a -0.531
Max Profit Per Share (Gold): $7.43 $10.88 n/a $3.45
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.43 $10.88 n/a $3.45
Total Free Profit Per Share: $5.94 $8.55 n/a $2.61
FD MCap / Gold Eq.: $116.80 $183.27 n/a $66.47
FD MCap / Silver Eq.: $1.32 $1.99 n/a $0.67
FD MCap / Per Metal
as % Spot Price:		 4.43% 5.87% n/a 1.44%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults