WAF Stock Today (ASX:WAF): West African Resources Plunges 16% as Burkina Faso Stake Talks Reignite – November 26, 2025

WAF Stock Today (ASX:WAF): West African Resources Plunges 16% as Burkina Faso Stake Talks Reignite – November 26, 2025

West African Resources Ltd (ASX:WAF), the unhedged gold miner behind the Sanbrado and Kiaka projects in Burkina Faso, closed Wednesday, November 26, 2025 at A$2.56, down 15.8% for the session. The share price fell from a previous close of A$3.04, with heavy trading volume as the stock returned from a multi‑month ASX suspension linked to negotiations with the Burkinabe government over a larger state stake in the flagship Kiaka mine. Investing.com…

West African says alternative plan submitted to Burkina Faso

WEST African Resources (WAF) said on Tuesday it had submitted an alternative proposal to Burkina Faso in response to its request for more shares in Kiaka, the Australian gold miner’s recently commissioned 220,000 ounce a year mine. In August, Burkina Faso said it wanted to acquire a further 35% in Kiaka after earlier exercising an option to increase its free carried stake to 15% from 10%. “WAF submitted a proposal to the Government to increase b…