West African Resources (ASX: WAF) Share Price Outlook: Kiaka Stake Talks, Gold Production Surge and 2026 Forecasts
West African Resources Ltd (ASX: WAF) has gone from market darling to lightning rod for sovereign‑risk debate in just a few months. After a lengthy trading suspension linked to Burkina Faso’s new mining rules and a proposed increase in the State’s stake in its flagship Kiaka gold project, the stock is back on the ASX — and volatility has followed. As of 28 November 2025, West African Resources shares were trading around A$2.81, giving the company a market capitalisation of roughly A$3.1–3.2 billion.StockInvest+1 That price is well below recent highs, but still represents a multi‑year rerating driven by record gold