Production and sales for 2QCY24 was pre-reported, however AISC in the quarter was better than expected. WAF remains on track to achieve CY24 guidance of 190-210koz at AISC of <US$1,300/oz. WAF is well funded post the capital raise and the development of Kiaka (on time and on budget) remains a key catalyst which should drive WAF to a >400ktpa producer. We maintain our Speculative Buy recommendation and our $3.00 Price Target. We take a long-term outlook to our Price Target as time will be needed to return the markets confidence in Burkina Faso
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
