WFRSF - West African Resources reports Q2 results

West African Resources Limited (OTCPK:WFRSF): Q2 Gold revenue rose to A$133.68M, compared to A$132.32M in Q1 2021. The company said gold production increased by 14% to 63,610 ounces at an all-in sustaining cost of US$928/oz. Unhedged gold sales of 56,852 ounces at an average price of US$1,810/ounce. Q2 adjusted operating cost decreased to A$50.51M in Q2, from A$52.93M in Q1 2021. A$61M cash on hand and A$24M (10,210 oz) of unsold gold bullion at end of quarter. A$62M operating cashflow in Q2, after payment of A$25M of Burkina Faso CY2020 income tax. The company's Q3 objectives: To continue to increase gold production and reduce per-ounce costs; release Toega resource definition drilling results. Press Release

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West African Resources reports Q2 results