Precious Metals
West African's profit rises 133% y/y on the higher gold price
The ASX-listed company produced 95 644 oz of gold from its Sanbrado mine, in Burkina Faso, during the six months under review. This was lower than the 107 644 oz of gold produced in the first half of 2024.
As a result, the company sold fewer ounces of gold – 98 178 oz – compared with the 101 954 oz sold in the prior comparable period.
Gold revenue from Sanbrado was, nevertheless 39% higher year-on-year on the back of a 44% year-on-year increase in the average gold price, in Australian dollars, to A$4 809/oz.
In US dollar terms, the average sales price was $3 049/oz for the six months under review.
All-in sustaining costs were, meanwhile, also 12% higher year-on-year at $1 374/oz.
West African ended the six-month period with a A$279-million cash balance and A$49-million in unsold gold bullion.
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