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West African Resources' Total Gold Production Rises in March Quarter

-- West African Resources (ASX:WAF) said it produced 107,728 ounces of gold at an all-in sustaining cost (AISC) of $1,921 per ounce in the March quarter, compared with 50,033 ounces of gold produced in the prior-year quarter at an all-in sustaining cost of $1,262 per ounce, according to a Thursday Australian bourse filing.

Gold sales in the first quarter came in at 104,145 ounces at a realized price of $4,945 per ounce, compared with 48,338 ounces of gold sold at an average price of $2,832 per ounce.

Group production is tracking well to achieve its annual guidance of 430,000 ounces to 490,000 ounces of gold at an AISC under $1,900 per ounce.

Its shares fell 1% in recent trading on Thursday.

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