Australian mining company West African Resources has announced exceptional results for 2024, with revenues of $477 million. This performance was made possible by the sale of 199,550 ounces of gold from its flagship Sanbrado mine in Burkina Faso.
The mine's annual production peaked at 206,622 ounces of gold, close to the upper limit of the Australian group's forecasts. This performance is all the more remarkable given the significant rise in gold prices.
En 2024, le prix de l’or a connu une progression d’environ 30 %, atteignant des sommets historiques. West African Resources a bénéficié de cette hausse, enregistrant un prix moyen de vente de 2.391 dollars par once, contre 1.944 dollars en 2023. Cette augmentation des prix a fortement contribué à la croissance du chiffre d’affaires de la compagnie.
The Sanbrado mine also generates direct economic benefits for Burkina Faso. The government receives 10% of the profits from the mine, in line with its free stake in the project, while West African Resources retains the remaining 90%.
With these record results, the company reaffirms its position as a leader in gold mining in West Africa. Sanbrado's performance underlines the region's mining potential and the importance of gold to Burkina Faso's economy.