West African Resources (ASX:WAF) reported first-quarter gold production of 50,033 ounces at an all-in-sustaining cost of $1,262 per ounce, compared with the 51,178 ounces produced in the fourth quarter of 2024, according to a Thursday Australian bourse filing.
The company's first quarter unhedged gold sales came in at 48,338 ounces at an average price of $2,832 per ounce, compared with the 47,953 ounces sold in the previous quarter.
It completed a maiden grade control drilling program at the Kiaka gold project in Burkina Faso, with mining scheduled to ramp up in the second quarter. It progressed construction work on the project.
The company's unhedged annual gold production guidance for 2025 is 290,000 to 360,000 ounces.
West African Resources' shares rose past 2% in recent Thursday trade, earlier hitting an all-time high.
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