WAF 3.46% $1.80 west african resources limited

thanks for posting @Hinchinbrook Notional net debt decreased by...

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    thanks for posting @Hinchinbrook
    Notional net debt decreased by $65 million in the September period and WAF ended the quarter in a positive notional net cash position of $8 million, which included A$130 million of cash on hand and 9375 ounces of unsettled gold bullion.
    Earlier this month another US$28 million was paid to debt provider Taurus, reducing the loan balance to $65 million.
    Sanbrado produced 82,000oz at all-in sustaining costs of $690/oz in the September quarter, with the unhedged miner receiving an average of $1789/oz for its sales.
    The company reiterated its belief it'll beat full year guidance of 280,000oz at AISC of less than $800/oz.
    Shares in WAF were up 3% to A$1.44 in morning trade, capitalising the company at $1.27 billion.
    The stock has surged about 50% over the past two weeks.
 
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