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Symbol Data
Symbol
Currency
ASX:WAF
AUD
OTCMKTS:WFRSF
USD
Description
West African Resources Ltd are a gold focused mid-tier producer with two mines in development in Burkina Faso and two exploration properties. They have approximately 12.5Moz. of gold in the reserves and resources category of which 8.5Moz. are in the measured and indicated category. They have a market capitalisation of ~A$1688.07M which is a rise of roughly 58% over the last four months. As of 01/06/2025 they have ~A$234M debt and ~A$274.67M cash. They have 1,140M shares outstanding and trade on
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General Details
Financial
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$1,065.91M
$1,688.07M
01/06/2025
$622.16M
Total Assets:
$985.90M
$1,006.06M
01/06/2025
$20.16M
Total Liabilities:
$364.94M
$372.40M
01/06/2025
$7.46M
Current Assets:
$394.36M
$402.42M
01/06/2025
$8.06M
Current Liabilities:
$93.90M
$95.81M
01/06/2025
$1.92M
Total Debt:
$229.73M
$234.43M
01/06/2025
$4.70M
Cash:
$269.17M
$274.67M
01/06/2025
$5.50M
Enterprise Value:
$1,026.47M
$1,647.82M
03/20/2022
$621.35M
Cash Flow:
$327.25M
$627.40M
never
$300.15M
Cash Flow Multiple:
3.26
2.69
never
-0.57
Net Debt to Cash Flow Ratio:
n/a
n/a
never
0.00
Finance within 1 year:
01/06/2025
n/a
Misc
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
1,139,776,844
1,139,776,844
01/06/2025
0
Shares (FD):
1,149,000,000
1,149,000,000
01/06/2025
0
Insider Ownership:
n/a
n/a
never
n/a
Dividend (Annual):
n/a
n/a
never
n/a
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
01/01/2020
01/06/2025
n/a
Production (Gold Eq Oz.):
(guess) 350,000
(guess) 420,000
02/20/2025
70,000
Production (Silver Eq Oz.) :
(guess) 30,865,127
(guess) 41,765,665
02/20/2025
10,900,538
Initial CapEx (Outstanding):
n/a
n/a
01/06/2025
n/a
Funding Option:
n/a
n/a
01/06/2025
n/a
Documentation:
none
PRODUCER
04/01/2025
n/a
Future MCap Modifier:
0.25Producer: Quality
0.25Producer: Quality
12/14/2023
0
Cash Flow Multiplier:
12
12
09/01/2024
0.00
Resource Data
GOLD
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
6.70M
6.70M
01/06/2025
0.00M
Measured & Indicated:
8.50M
8.50M
01/06/2025
0.00M
Inferred:
4.00M
4.00M
01/06/2025
0.00M
Reserves & Resources:
12.50M
12.50M
never
0.00M
P L A U S I B L E
Proven & Probable:
6.03M
6.03M
01/06/2025
0.00M
Measured & Indicated:
7.33M
7.33M
01/06/2025
0.00M
Inferred:
1.80M
1.80M
01/06/2025
0.00M
Reserves & Resources:
9.13M
9.13M
never
0.00M
C U R R E N T
Annual Production:
(guess) 350,000oz.
(guess) 420,000oz.
02/20/2025
70,000oz.
Cash Cost:
$1,100
$1,150
02/20/2025
$50.00
Extra Operating Cost:
$600
$600
01/06/2025
$0.00
Total:
$1,700
$1,750
02/20/2025
$50.00
Margin (Free Cash Flow):
$935 (35%)
$1,494 (46%)
$558.80
G R A D E
Underground (Avg):
n/a
n/a
01/06/2025
n/a
Open Pit (Avg):
n/a
1.20 g/t
03/24/2024
1.20 g/t
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
04/01/2025
0.00%
F U T U R E
Proven & Probable:
10.00M
10.00M
01/06/2025
0.00M
Annual Production:
450,000oz.
450,000oz.
01/06/2025
0oz.
Cash Cost:
$1,100
$1,200
02/20/2025
$100
Extra Operating Cost:
$600
$600
01/06/2025
$0
SILVER
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
01/06/2025
0.00M
Measured & Indicated:
n/a
n/a
01/06/2025
0.00M
Inferred:
n/a
n/a
01/06/2025
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
01/06/2025
0.00M
Measured & Indicated:
n/a
n/a
01/06/2025
0.00M
Inferred:
n/a
n/a
01/06/2025
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
01/06/2025
$0.00
Extra Operating Cost:
n/a
n/a
01/06/2025
$0.00
Total:
n/a
n/a
01/06/2025
$0.00
Margin (Free Cash Flow):
n/a
$0.00
G R A D E
Underground (Avg):
n/a
n/a
01/06/2025
n/a
Open Pit (Avg):
n/a
n/a
01/09/2024
n/a
Recovery Rate:
n/a
n/a
01/06/2025
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
01/06/2025
0.00M
Annual Production:
n/a
n/a
01/06/2025
n/a
Cash Cost:
n/a
n/a
01/06/2025
n/a
Extra Operating Cost:
n/a
n/a
01/06/2025
n/a
Property
Last Analysis Data (01/06/2025)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
West Africa , Burkina Faso
Sanbrado
100% (guess)
60,000
Open Pit
show
5 million oz open pit
Producing 200,000 annually.
Development
West Africa , Burkina Faso
Toega
100% (guess)
25,000
Open Pit
show
1 million oz surface deposit at 2.1 gpt.
Feasibility in 2021.
Next mine.
Exploration
West Africa , Burkina Faso
Kiaka
90% (guess)
n/a
n/a
show
7 million oz resource.
Development in 2023-24
Exploration
Fox Creek , Canada
Fox Creek
100%
n/a
n/a
n/a
Total Land Package Size (ha):
85,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
West Africa , Burkina Faso
Sanbrado
100% (guess)
60,000
Open Pit
show
5 million oz open pit
Producing 200,000 annually.
Development
West Africa , Burkina Faso
Toega
100% (guess)
25,000
Open Pit
show
1 million oz surface deposit at 2.1 gpt.
Feasibility in 2021.
Next mine.
Exploration
West Africa , Burkina Faso
Kiaka
90% (guess)
n/a
n/a
show
7 million oz resource.
Development in 2023-24
Exploration
Fox Creek , Canada
Fox Creek
100%
n/a
n/a
n/a
Total Land Package Size (ha):
85,000
Profitability (by resource)
Proven & Probable
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
6.70M
6.70M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
75.42M
P L A U S I B L E
Gold Eq. Oz.:
6.03M
6.03M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
67.87M
Maximum Profit (Gold):
$5,638.05M
$9,007.61M
n/a
$3,369.56M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$5,638.05M
$9,007.61M
n/a
$3,369.56M
Max Profit / Current MCap:
5.289
5.336
n/a
0.047
Max Profit Per Share (Gold):
$4.91
$7.84
n/a
$2.93
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$4.91
$7.84
n/a
$2.93
Total Free Profit Per Share:
$3.42
$5.54
n/a
$2.11
FD MCap / Gold Eq.:
$176.77
$279.94
n/a
$103.18
FD MCap / Silver Eq.:
$2.00
$2.82
n/a
$0.81
FD MCap / Per Metal as % Spot Price:
6.71%
8.63%
n/a
1.92%
Measured & Indicated
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
8.50M
8.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
95.68M
P L A U S I B L E
Gold Eq. Oz.:
7.33M
7.33M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
82.46M
Maximum Profit (Gold):
$6,849.81M
$10,943.58M
n/a
$4,093.77M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$6,849.81M
$10,943.58M
n/a
$4,093.77M
Max Profit / Current MCap:
6.426
6.483
n/a
0.057
Max Profit Per Share (Gold):
$5.96
$9.52
n/a
$3.56
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$5.96
$9.52
n/a
$3.56
Total Free Profit Per Share:
$4.48
$7.22
n/a
$2.74
FD MCap / Gold Eq.:
$145.50
$230.42
n/a
$84.92
FD MCap / Silver Eq.:
$1.65
$2.32
n/a
$0.67
FD MCap / Per Metal as % Spot Price:
5.52%
7.10%
n/a
1.58%
Reserves & Resources
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
12.50M
12.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
140.70M
P L A U S I B L E
Gold Eq. Oz.:
9.13M
9.13M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
102.72M
Maximum Profit (Gold):
$8,532.81M
$13,632.42M
n/a
$5,099.61M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$8,532.81M
$13,632.42M
n/a
$5,099.61M
Max Profit / Current MCap:
8.005
8.076
n/a
0.071
Max Profit Per Share (Gold):
$7.43
$11.86
n/a
$4.44
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$7.43
$11.86
n/a
$4.44
Total Free Profit Per Share:
$5.94
$9.56
n/a
$3.62
FD MCap / Gold Eq.:
$116.80
$184.97
n/a
$68.17
FD MCap / Silver Eq.:
$1.32
$1.86
n/a
$0.54
FD MCap / Per Metal as % Spot Price:
4.43%
5.70%
n/a
1.27%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
01/06/2025 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
AUD 0.6260
AUD 0.6388
05/01/2025
Spot Gold:
$2,635.00
$3,243.80
05/01/2025
$608.80
Spot Silver:
$29.88
$32.62
05/01/2025
$2.74
Gold:Silver Ratio:
88.19
99.44
05/01/2025
11.26
Spot Gold (Future):
$4,000.00
$4,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
40.00
40.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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