07 Jan West African Resources hits quarterly gold production high at Sanbrado in Burkina Faso
Mid-tier gold producer West African Resources has announced a record production haul from its Sanbrado Gold Operations in Burkina Faso for the December-ending quarter.
A 7% rise in gold production in Q4 2021 to 87,320 ounces – from 796,000 tonnes of ore milled at a head grade of 3.6 g/t – contributed to a record annual tally of 288,720 ounces produced by the ASX player from the mine.
Although open pit production at Sanbrado decreased by 15% to 58,404 ounces in the recent quarter, underground gold production from M1 South increased by 29% to 36,256 ounces.
West African Resources CEO and chairman Richard Hyde hailed a record performance in 2021, after the firm’s total annual production sum exceeded its upper end guidance.
“The company also achieved record of gold sales of over 295,000 ounces for the year. We look forward to releasing production and cost guidance for 2022, and updated resources and reserves for Sanbrado and Toega later in Q1 2022,” he said.
The Toega deposit, located just 14 km from Sanbrado, was acquired by West African Resources in April 2020 from B2Gold and its partner GAMS-Mining F&I Ltd for US$45 million. With a current inferred mineral resource of 22 million tonnes at a grade of 1.9 g/t for 1.3 million ounces of gold, Toega is expected to further increase Sanbrado’s production profile and mine life.