West African Resources stock heads into its October 7 dividend payment

Published on 10/07/2026 at 00:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

West African Resources stock generated AUD 437 million in H1 2026 net profit, up from AUD 215 million. The AUD 0.20 dividend was set for October 7, 2026.

West African Resources, AU000000WAF6, Illustration mit AI erstellt.

West African Resources (ISIN AU000000WAF6) was last at AUD 3.430 on the ASX on October 6, 2026 at 4:40 p.m. Sydney time, 12.50 percent below its 52-week high of AUD 3.92. The gold producer enters October 7, 2026 with an AUD 0.20 unfranked special dividend scheduled for payment.

H1 profit reaches AUD 437 million

Sharetrader reported on September 10, 2026 that West African Resources delivered AUD 437 million in net profit after tax for the six months ended June 30, 2026, compared with AUD 215 million in the prior corresponding period. That represents a 103.0 percent increase and marks the first full half year of combined Sanbrado and Kiaka production.

The same H1 report showed revenue of AUD 1.46 billion and operating cash flow of AUD 690 million. Gold production reached 232,905 ounces at an all-in sustaining cost of USD 1,823 per ounce, while sales totaled 214,883 ounces at a realized price of USD 4,744 per ounce.

Cash flow supports special dividend

Motley Fool Australia reported on September 10, 2026 that the company declared an AUD 0.20 per share unfranked dividend totaling AUD 228.8 million. The record date was September 18, 2026, and the payment date was October 7, 2026.

The payout sits alongside AUD 876 million in cash and 42,453 ounces of unsold gold bullion at the end of June 2026, according to Sharetrader. Management also outlined accelerated repayments on secured debt facilities over the following 12 months, making cash conversion and capital allocation the key investor questions after the record half year.

Consensus target stays above price

Marketscreener lists a four-analyst consensus rating of Strong Buy and an average 12-month target of AUD 4.725, with a high of AUD 5.70 and a low of AUD 4.00. The average target lies 37.76 percent above the ASX price of AUD 3.430, a gap that keeps expectations elevated after the H1 earnings jump.

The next scheduled quarterly report is November 2, 2026, according to Intelligent Investor. For investors, the upcoming report will show whether the combined mine base can sustain the AUD 690 million first-half operating cash flow while debt repayments and exploration continue.

ASX price sits below yearly high

West African Resources was last at AUD 3.430 on October 6, 2026, with a day range of AUD 3.405 to AUD 3.520 and a 52-week range of AUD 2.67 to AUD 3.92. Its market capitalization stood at AUD 3.9 billion on the same date, giving the special dividend and the H1 cash generation a clearly visible place in the current valuation.