West African Resources (WAF.AX) has provided an update on its Kiaka gold mine in Burkina Faso. The open pit mining rate is currently ramping up as all excavators have been delivered and are operational while the company will soon add a night shift to the operations as well. The company has also completed the commissioning phase of the primary crushing circuit. An initial batch of 20,000 tonnes of ore was successfully processed and the focus has now shifted to the commissioning of the plant and finishing the tailings storage facility.
West African Resources continues to guide for first gold in the third quarter of this year and once the Kiaka mine reaches its nameplate capacity, West African Resources’ production profile will more than double to in excess of 400,000 ounces of gold per year.
Disclosure: The author has no position in West African Resources. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
