The processing plant at the Sanbrado mine
ASX-listed West African Resources, which owns and operates the Sanbrado mine, in Burkina Faso, produced 55 768 oz of gold at an all-in sustaining cost (AISC) of $1 164/oz in the quarter ended September 30.
This takes its year-to-date production to 168 776 oz, with the company remaining on track to deliver its guided full-year output of between 210 000 oz and 230 000 oz.
West African sold 50 768 oz of gold at an average price of $1 932/oz in the third quarter.
Third-quarter cash flow from operating activities reached A$49-million, taking the company’s cash balance to A$153-million as at September 30.
During the quarter, the company also spent A$44-million in capital expenditure at its Kiaka gold project, which is located about 45 km from the Sanbrado mine.
“. . . the project remains on budget and schedule to pour first gold in the second half of 2025. Kiaka will be a long-life low-cost mine averaging 219 000 oz/y of gold production for 18.5 years at an AISC of $1 052/oz.
“West African is on track to become a plus 400 000 oz/y per annum gold producer with the development of our second gold mine at Kiaka,” says West African chairperson and CEO Richard Hyde.