Q3 gold production: 47,799 oz at AISC of US$1,296/oz Q3 unhedged gold sales: 49,643 oz at average price of US$2,493/oz Q3 cash flow from operating activities: A$59m after A$18m of income tax payments Year to date gold production was 155,443 oz at AISC of US$1,248/oz and WAF is on-track to achieve the upper end of 2024 unhedged gold production guidance of 190,000 – 210,000 oz at <US$1,300/oz1 AISC A$430m cash balance and A$34m unsold gold bullion held at end of Q3
Highlights from last qtrly report when Share price was $1.70. Since then Gold price has averaged about US$2650. If average sale prices is around US$2600 for this qtr, Cash flow should be close to A$70Mill after tax payments. Screaming buy at current price!
At current market cap $1.7Bill, there is seemingly no value being attributed to Kiaka and first gold production within 6-9months!
Latest pullback seems to have more to do with west africa issues (RSG) rather than gold price.
WAF Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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