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WAF's managing director Richard Hyde said the company currently intended to remain unhedged, with the MD of the belief the foundations of a stronger gold price remain intact despite the "unloved" period the metal is going through at the moment.
Those foundations included US debt on its way to US$23 billion, "well north of 100% of GDP".
WAF has debt of $175 million.
Hyde expects WAF's reserves of 20 million tonnes grading 2.3 grams per tonne for 1.5 million ounces to increase by the end of the year.
WAF's forecast average production of 216,000ozpa anticipates reserves and mining inventory totalling 31Mt at 2.7gpt for 2.8Moz.
With Sanbrado now moving into full operations, exploration is being ramped up.
WAF had cash at the end of December of $73.1 million and gold worth $10.4 million.
On a negative day for the gold sector WAF shares were down 1% to A77c, capitalising the company at $679 million.
