Page 31 - pd289-Dec20-mag-web_Neat

Sanbrado produced 45,000oz in the September
quarter, a 40% increase on the June quarter

“We also keep a good eye on what the
juniors are doing. But certainly we are look-
ing internally in the next 12 months and
getting maximum value for the assets we
have. We can only do that by filling out the
10-year mine plan on the underground and
10-year mining on the open pits.
“We have kept the team together and we
are keen to build more projects, but they
have to be the right projects for us. We are
not going to overplay our hand, put our bal-
ance sheet at risk or do a project because
we think we have to. We have already got
our growth project in Toega. We will focus
on maximising the value of the asset we al-
ready have.”
With its market cap touching $1 billion
earlier in the year (it had retracted to around
$905 million at the time of print) and sev-
eral larger players beginning to redraw their
West Africa risk profile, WAF’s timing in hit-
ting full production could prove, for once,
to be just right.
- Dominic Piper

aUSTRaLIa’S PaYDIRT DeCeMBeR 2020 - JaNUaRY 2021 Page 31