West African announces record gold production at Sanbrado Gold Operations

2022-01-10T07:27:00+00:00 January 10th, 2022|News|

Unhedged gold mining company, West African Resources Limited, has released a production update from its Sanbrado Gold Operations (Sanbrado) for the December 2021 quarter. The company reported a 7% increase in gold production with a record 87,320 ounces gold produced in December 2021 quarter, with 3.8 million hours worked Lost Time Injuries (LTI) free in 2021.

The Sanbrado gold project is a high-grade underground and open-pit operation located approximately 90km east-southeast of Ouagadougou, the capital city of Burkina Faso.

West African Executive Chairman and CEO, Richard Hyde, said, 2021 was a record year of production for West African with 289,000oz produced exceeding the upper end guidance. The company also achieved record gold sales of over 295,000oz for the year.

“To have exceeded 2021 production guidance in what was a very challenging year is a credit to our dedicated team of staff and contractors.”

Other key take-outs from the report include:

  • Underground production from M1 South increased significantly, up 29% in the December quarter with 119kt mined at 9.5g/t for 36,256 ounces of gold.
  • Open-pit production decreased 15% with 979kt mined at 1.9g/t for 58,404 ounces of gold driven by slightly less ore mined during the quarter due to underground ore displacing open pit feed.

Gold production and cost guidance for 2022, and updated resources and reserves for Sanbrado and Toega are to be reported later in Q1 2022.