Australia's West African Resources hits record high on higher annual profit

West African Resources

06/03/2025 24:26

** Shares of gold miner West African Resources WAF.AX rise 6.6% to their all-time high of A$2.01

** Co reports annual net profit of A$246 million ($155.79 million) for 2024, compared with A$165 million a year earlier

** Posts FY revenue of A$730 million vs A$661.2 million

** Stock on track for its biggest one-day pct gain since early-December

** WAF up 39.4% YTD

($1 = 1.5790 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))