S&P/ASX 200 Index (ASX: XJO) gold stock West African Resources Ltd (ASX: WAF) is charging higher today.
West African Resources shares closed yesterday trading for $3.71. In early morning trade on Wednesday, shares are changing hands for $3.81 apiece, up 2.7%.
For some context, the ASX 200 is up 0.3% at this same time.
With today's intraday boost factored in, West African Resources shares are now up a whopping 138.1% over 12 months. And if the miner can hold onto these gains until close, today will mark a new record high for the stock.
Like gold miners the world over, the ASX 200 gold stock has enjoyed brisk tailwinds from the surging gold price. Gold leapt another 3.4% overnight to be trading for US$5,180 per ounce. This sees the gold price up 89% since this time last year.
Here's what else is boosting the West African Resources share price today.
Image source: Getty Images
ASX 200 gold stock jumps to record high on results
ASX investors are bidding up West African shares today following the release of the miner's December quarter results.
With December's results in, the ASX 200 gold stock confirmed that it met its full calendar year 2025 cost and gold production guidance, marking the fifth consecutive year the miner has met its full-year guidance.
Highlights from the December quarter include gold production of 112,019 ounces at an all-in sustaining cost (AISC) of US$1,561 per ounce.
West African Resources sold 105,995 ounces of gold over the three months, receiving an average price of US$4,058 per ounce. Importantly, in this rising gold price environment, the ASX 200 gold stock remains fully unhedged.
In other key financial metrics, fourth-quarter cash flow from operating activities came in at AU$389 million, after AU$48 million in income tax payments.
As at 31 December, West African had a cash balance of AU$584 million along with AU$177 million of unsold gold bullion.
What did management say?
Commenting on the quarterly results sending the ASX 200 gold stock into new record territory today, West African CEO Richard Hyde said:
For the full year 2025, Sanbrado produced 205,228 ounces of gold at a site sustaining cost of US$1,348 per ounce, achieving annual production guidance of 190,000 to 210,000 ounces at a site sustaining cost of under US$1,350 per ounce.
Considering the strong rise in the gold price during 2025 significantly increased royalty costs, this was another outstanding annual result for Sanbrado and the fifth consecutive year of either meeting or beating guidance…
WAF group produced 300,383 ounces of gold in 2025 and achieved annual guidance of 290,000 to 360,000 ounces.
West African Resources will release its 2026 annual production guidance and outline its capital management strategy later in the first quarter of 2026.
