Quarterly financial results

West African Resources (ASX:WAF) reported its quarterly cash flow for the period ending 30 September 2024. The company achieved strong cash inflows from operating activities, totaling $59.02 million for the quarter. Year-to-date, the net cash inflow was $175.36 million, highlighting robust operational performance. The company ended the quarter with cash and cash equivalents amounting to $430.209 million.

Financial overview and future outlook

West African Resources (ASX:WAF) has showcased strong quarterly performance with significant cash inflows from operating activities and a solid liquidity position. Key financial highlights include $185.501 million in customer receipts for the quarter and a total of $526.569 million year-to-date. The company invested heavily in property, plant, and equipment, resulting in cash outflows of $175.050 million. Financing activities were bolstered by a $150 million equity raise, reflecting investor confidence. The company ended the quarter with $430.209 million in cash and cash equivalents and access to $23.131 million in unused financing facilities. Looking ahead, West African Resources is well-funded with total available funding of $453.340 million, positioning it well for sustained operations and strategic growth in the mining sector.

Executive insights

The company has demonstrated strong financial performance with significant cash inflows and a solid cash position. Our strategic investments in property, plant, and equipment underline our commitment to growth and operational efficiency.