1. Australia Stocks

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    Basic Materials

  3. •

    Gold
West African Resources Limited

West African Resources Limited

WAF.AX
West African Resources LimitedAU flagAustralian Securities Exchange
2.95
AUD
+0.04
- -
3.37BMarket Cap
West African Resources Limited
WAF.AX
(Australian Securities Exchange)

Recent

price

2.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.36
0.79
0.59
0.64
0.67
1.34
- -
Revenue per Share
-0.02
-0.03
-0.03
-0.04
-0.06
-0.03
-0.03
-0.03
-0.04
- -
0.1
0.21
0.16
0.14
0.21
0.42
- -
Basic EPS, GAAP
-0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.11
-0.05
-0.1
-0.22
-0.45
-0.38
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.07
0.05
0.02
0.01
- -
-0.03
-0.01
0.01
0.06
0.08
0.18
0.58
0.67
0.81
1.11
1.42
-0.01
Book Value per Share
0.07
0.06
0.02
0.02
0.01
-0.01
0.01
0.02
- -
0.09
0.2
0.61
0.73
0.88
1.22
1.54
0.01
Tangible Book Value per Share
80
151
163
186
232
270
300
473
584
869
874
902
1,021
1,025
1,080
1,140
278
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
310
712
606
659
724
1,534
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
49.13
54.36
42.34
35.52
44.76
52.83
- -
Operating Margin (%)
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
24
57
59
87
75
102
- -
Depreciation Expense
-2
-4
-5
-7
-14
-8
-8
-14
-25
-4
89
189
164
147
224
474
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30.04
33.31
28.67
31.65
28.02
29.77
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
28.8
26.56
27.13
22.29
30.9
30.9
- -
Profit Margin (%)
5
8
3
3
2
-4
3
9
- -
69
-53
89
207
346
454
501
3
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
242
105
20
1
133
396
343
- -
LT Debt
6
9
4
3
2
-3
3
9
- -
74
172
554
741
906
1,314
1,758
3
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
28.33
46.87
25.37
17.18
16.21
27.51
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
27.22
41.08
22.17
14.7
14.99
21.12
- -
Return on Capital (%)
- -
-57.12
-98.83
-338.73
- -
- -
- -
- -
-142.82
-8.41
77.59
55.39
27.28
19.39
22.08
33.64
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'16
Mar'16
Jun'16
ST Debt
- -
- -
7
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
409
Market Capitalization
19
40
58

Working Capital

FRC

•

in mil. unless spec.
Dec'16
Mar'16
Jun'16
Total Current Assets
- -
- -
12
Cash, Cash Equivalents & STI
- -
- -
11
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
8
Payables & Accruals
- -
- -
2
ST Debt
- -
- -
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
71.32%
33.82%
Free Cash Flow
17,302.73%
57.61%
-11.37%
Net Income, GAAP
-185.99%
50.38%
111.71%
Sales/Revenue/Turnover
- -
48.97%
111.74%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
659
2024
- -
- -
- -
- -
724
2025
- -
- -
- -
- -
1,534

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.14
2024
- -
- -
- -
- -
0.21
2025
- -
- -
- -
- -
0.42

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
West African Resources Limited focuses on the mining, exploration, and development of gold assets throughout West Africa. The company successfully operates the Sanbrado Gold Operations in Burkina Faso, which commenced production in March 2020 and yielded over 200,000 ounces in 2024. Furthermore, West African Resources holds a substantial interest in the Kiaka Gold Project, also in Burkina Faso, which achieved its initial gold pour in June 2025 and is anticipated to be a long-term, cost-efficient producing mine. The company additionally possesses exploration licenses for the Toega Gold Deposit, slated to provide satellite ore feed to the Sanbrado processing facility from the latter half of 2025. West African Resources is progressing towards becoming a prominent gold producer, aiming for annual output exceeding 400,000 ounces from its dual production hubs. As of late 2025, the company's securities are under suspension from trading while it engages in negotiations with the Government of Burkina Faso concerning an augmented ownership stake in its Kiaka operating subsidiary. Incorporated in 2006, the firm is based in Subiaco, Australia.