West African Resources produced 360 857 ounces of gold between January and September 2026 through its two assets, Kiaka and Sanbrado. Following a record third quarter, the Australian group confirms its annual target range of between 13,4 and 15,2 tonnes.
West African Resources (WAF) produced 360 857 ounces of gold in Burkina Faso during the first nine months of 2026, representing approximately 11,2 tonnes. This performance places the Australian group on track to meet its annual target, set between 430 000 and 490 000 ounces, equivalent to 13,4 to 15,2 tonnes.
At the end of September, WAF had thus already achieved between 74% and 84% of its annual forecast. To reach its target, the group must produce between 69 143 and 129 143 ounces in the fourth quarter, according to the quarterly report published this 7 of October.
A level that is accessible given the 127 950 ounces, or nearly 4 tonnes, delivered between July and September. The Australian group describes this third quarter as a new record.
Its production rate now reaches over 500 000 ounces on an annualized basis, confirming the scale shift initiated with the start of production at Kiaka alongside the Sanbrado mine. During the first nine months of the year, Kiaka produced 209 305 ounces, or approximately 6,5 tonnes of gold.
The site now accounts for 58% of WAF's total production, compared to 151 552 ounces, or 4,7 tonnes, for Sanbrado. This distribution confirms the rapid ramp-up of Kiaka.
In the third quarter alone, the mine delivered 76 030 ounces, an increase of 13% compared to the previous three months. This growth was supported by a 15% increase in processed ore volumes and a recovery rate of 93,1%.
For its part, Sanbrado produced 51 920 ounces in the third quarter, bringing its cumulative total to 151 552 ounces since January. The site's quarterly production declined by 10%, primarily due to a decrease in volumes processed by the plant.
This industrial performance is accompanied by significant sales volumes. WAF sold 350 127 ounces of gold during the first nine months of 2026, at an average price of 4 550 dollars per ounce.
These sales represent an indicative gross value close to 1,6 billion dollars. Simultaneously, the group continues to develop its capabilities.
During the quarter, Burkinabe authorities approved the integration of the M5 South underground deposit into the Sanbrado mine plan. Work has begun, and extraction is scheduled to start in the second half of 2027.
At Kiaka, however, the supply of explosives remains an operational constraint. The authorization to operate a manufacturing and storage unit has not yet been granted.
The use of a second supplier has improved the situation, but the group still considers this issue a point of vigilance. With 11,2 tonnes produced in nine months and a record third quarter, WAF enters the final part of the fiscal year with a comfortable lead over the lower end of its annual guidance.
Published on 12/10/26 15:30 The Editorial Staff