West African Resources Limited
WAF.AXBasic MaterialsASXGold · Last scanned May 29, 2026
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Daily timeframePart of the basic materials sector, West African Resources Limited (WAF.AX) is listed under Gold. With a market capitalization of $3.64B, it sits in mid-cap territory. The company has 85% interests in the Sanbrado Gold and Kiaka Gold projects located in Burkina Faso.
Market Cap
$3.64B
Beta
1.11
P/E (TTM)
7.77
P/E (Fwd)
3.53
EPS (TTM)
$0.41
EPS (Fwd)
$0.90
ROE
36.9%
ROA
21.8%
Cash
$584.1M
Total Debt
$453.1M
Free CF
$236.7M
52W Change
3.9%
Annual Financials
Cash vs Debt
West African Resources Limited holds $584.1M in cash against $453.1M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $236.7M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 36.9%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 21.8% further supports the picture of efficient asset utilization. Revenue has grown from $606.1M (2022) to $1.53B (2025), reflecting a 153% increase over the period.
Investors considering West African Resources Limited should weigh the typical risks associated with WAF.AX's sector, size, and financial profile against their own risk tolerance and investment objectives. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing WAF.AX.