Overview of West African Resources Q1 2024 Production Update

West African Resources Limited (ASX: $WAF) has released its production update for the March 2024 quarter, reporting a solid Q1 gold production of 56,595 ounces at an average price of US$2,078 per ounce. The company's underground mined ounces increased by 22% compared to the previous quarter, while open pit mined ounces decreased by 59% in line with the mine plan. The contained gold in ore stockpiles decreased by 10,823 ounces, and the company is on track to achieve its 2024 guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce.

Executive Commentary on Q1 2024 Production Update

Sanbrado delivered another solid quarter of gold production, with our process plant maintaining steady performance. The high grade of ore from the M1 South underground reconciled well to the reserve model. We are pleased with the progress and look forward to providing our full quarterly activities report in the coming weeks. - Richard Hyde, Executive Chairman and CEO

Summary of West African Resources Q1 2024 Production Update

West African Resources reported a Q1 gold production of 56,595 ounces at an average price of US$2,078 per ounce. The company's underground mined ounces increased by 22% compared to the previous quarter, while open pit mined ounces decreased by 59% in line with the mine plan. The contained gold in ore stockpiles decreased by 10,823 ounces. WAF is on track to achieve its 2024 guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. The Executive Chairman and CEO, Richard Hyde, expressed satisfaction with Sanbrado's performance and looks forward to providing the full quarterly activities report in the coming weeks.