West African Resources Unveils 10-Year Gold Production Outlook for Burkina Faso Assets

What's Happening?

West African Resources has announced a 10-year outlook for its gold production in Burkina Faso, projecting to produce 4.8 million ounces of gold. The company expects gold production to peak in 2029 at 569,000 ounces, with an average annual output of 496,000 ounces from 2026 to 2034. CEO Richard Hyde presented these plans at the Diggers & Dealers Mining Forum, highlighting the potential to boost production through targeted drilling programs. The company has extended its mine plan for the Sanbrado Project to 2035, aiming to exceed current production rates by 15%. Drilling programs are scheduled across various deposits, including M5 and Toega, with assays from Toega to be converted to inferred mineral resource estimates. West African has completed construction at the Kiaka Project, with open-pit mining operations planned to meet budget.

Why It's Important?

The 10-year production outlook is significant for West African Resources as it demonstrates the company's commitment to long-term growth and sustainability in gold production. The projected increase in production could enhance the company's profitability and strengthen its position in the global gold market. The successful execution of these plans could lead to increased economic benefits for Burkina Faso, including job creation and infrastructure development. The company's focus on expanding its resource base through drilling programs indicates a strategic approach to maximizing asset value and ensuring a robust future.

What's Next?

West African Resources plans to ramp up production at its process plant, with secondary crushing installations targeted for 2028 at Kiaka and 2029 at Sanbrado. The company aims to introduce new mines into the production plan, which could further increase annual output. Stakeholders will be watching the company's progress in meeting its production targets and the impact on local communities and the economy. The Diggers & Dealers Mining Forum provides a platform for industry leaders to discuss these developments and potential collaborations.