West African Resources Ltd traded at 3.53 this Wednesday February 4th, increasing 0.03 or 0.71 percent since the previous trading session. Looking back, over the last four weeks, West African Resources gained 10.50 percent. Over the last 12 months, its price rose by 105.54 percent. Looking ahead, we forecast West African Resources Ltd to be priced at 3.62 by the end of this quarter and at 3.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
West African Resources Limited is an Australia-based gold mining company. The Company is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. It operates through two segments Mining Operations, which comprises of the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,385 km2 over the Markoye fault region in central and southern Burkina Faso.