WAF west african resources limited

Ann: 2023 Guidance achieved with 226,823oz gold produced, page-25

  1. 3,439 Posts.
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    Thanks for the report, Spec.
    We'll learn the exact details in the quarterly, but approximately $A180m Kiaka capex spend to date and all but $A10m of that expended in 2023 from mainly free cash flow and some cash reserves.
    That's a serious dent in the overall ~$A650m capex requirement in just 12 months.
    I had previously feared an equity raising but given the current gold price, I suspect we may not need to fully draw down the project debt facility.
    Happy New Year, by the way!
 
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