West African Resources Ltd (ASX:WAF)
A$ 1.505 0.045 (3.08%) Market Cap: 1.55 Bil Enterprise Value: 1.56 Bil PE Ratio: 10.60 PB Ratio: 1.79 GF Score: 54/100
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Q1 2023 West African Resources Ltd Activities Report Call Transcript

Apr 25, 2023 / 11:00PM GMT
Release Date Price: A$0.98
Nathan Ryan
West African Resources Limited - IR Contact

West African's Executive Chairman and CEO, Richard Hyde. Thank you, Richard.

Richard Hyde
West African Resources Limited - Founder, Executive Chairman & CEO

Thanks, Nathan, and thanks to all the investors dialed into the call. We've got the -- we've got a team here. We've got Padraig O'Donoghue, our CFO. We've got Todd Giltay, our General Manager of Finance; and also [Nick Hatch], who is CEO of [Rimco], who's advising on our debt funding process for Kiaka.

So just off the top, it was a quarter of production up and costs down, which is really positive, and also significant quarter for growth with our resource and reserve update and our 10-year mining plan published. So unhedged resource is now standing at 12.6 million ounces and unhedged reserves at 6.4 million ounces.

For the quarter, we didn't have any significant social health or safety incidents. Our TRIFR is now standing at 1.67% compared to the West Australian gold average of 7.1, which is very positive.

Gold

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