West African Resources Ltd

West African Resources Ltd

WFRSF
West African Resources LtdUS flagOther OTC
2.19
USD
+0.32
- -
2.50BMarket Cap
West African Resources Ltd
WFRSF
(Other OTC)

Recent

price

2.19

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
- -
- -
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
- -
- -
Basic EPS, GAAP
-0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.11
-0.05
-0.1
-0.22
-0.45
- -
- -
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
- -
-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
- -
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
- -
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
- -
67
-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
14
17
59

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
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
West African Resources Limited focuses on the acquisition, exploration, and operation of gold mining assets across West Africa. The company maintains a 90% ownership in the Sanbrado Gold Project in Burkina Faso, an established operation consistently delivering strong production results. Furthermore, it holds an 85% interest in the Kiaka Gold Project, also in Burkina Faso, which achieved its first gold pour in June 2025 and is poised to significantly expand the company's output, targeting average annual production of 234,000 ounces over two decades. The portfolio also includes a full interest in the Toega Gold Project, located near Sanbrado, with open pit production commencing in the latter half of 2025 to supplement the Sanbrado processing plant. West African Resources is on a trajectory to become a leading gold producer, projecting average annual gold production of over 420,000 ounces from 2024 to 2033, with a peak of 494,000 ounces by 2030, supported by unhedged Mineral Resources of 12.2 million ounces and Ore Reserves of 6.5 million ounces. In a recent development, the company's securities were suspended from quotation in late August 2025, following a request from the Burkina Faso government to acquire an additional 35% stake in its Kiaka SA subsidiary. Founded in 2006, West African Resources Limited is headquartered in Subiaco, Australia.

Company News

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  • Top 10 Gold And Precious Metal Mining Stocks Ranked By Free Cash Flow Yield

  • West African Resources Limited (WFRSF) CEO Richard Hyde on Q2 2021 Results - Earnings Call Transcript

  • West African Resources: A Strong Finish To FY2020

  • West African Resources: Back On The Sale Rack