West African Resources Limited

ASX:WAF Stock Report

Market Cap: AU$3.0b

West African Resources Management

Management criteria checks 4/4

West African Resources' CEO is Richard Hyde, appointed in Jan 2006, has a tenure of 19.33 years. total yearly compensation is A$1.95M, comprised of 41.2% salary and 58.8% bonuses, including company stock and options. directly owns 1.5% of the company’s shares, worth A$45.79M. The average tenure of the management team and the board of directors is 6.3 years and 5 years respectively.

Key information

Richard Hyde

Chief executive officer

AU$2.0m

Total compensation

CEO salary percentage41.23%
CEO tenure19.3yrs
CEO ownership1.5%
Management average tenure6.3yrs
Board average tenure5yrs

Recent management updates

Recent updates

West African Resources (ASX:WAF) Seems To Use Debt Quite Sensibly

Mar 06
West African Resources (ASX:WAF) Seems To Use Debt Quite Sensibly

Investors Still Aren't Entirely Convinced By West African Resources Limited's (ASX:WAF) Earnings Despite 26% Price Jump

Mar 06
Investors Still Aren't Entirely Convinced By West African Resources Limited's (ASX:WAF) Earnings Despite 26% Price Jump
author-image

Kiaka Project Will Begin Gold Production In Q3 2025

Completion and production ramp-up of the Kiaka project are set to significantly boost revenue and increase gold production efficiency.

The Market Lifts West African Resources Limited (ASX:WAF) Shares 28% But It Can Do More

Nov 06
The Market Lifts West African Resources Limited (ASX:WAF) Shares 28% But It Can Do More

Market Cool On West African Resources Limited's (ASX:WAF) Earnings

Sep 18
Market Cool On West African Resources Limited's (ASX:WAF) Earnings

A Look At The Fair Value Of West African Resources Limited (ASX:WAF)

Jun 28
A Look At The Fair Value Of West African Resources Limited (ASX:WAF)

Is West African Resources (ASX:WAF) A Risky Investment?

May 03
Is West African Resources (ASX:WAF) A Risky Investment?

West African Resources Limited's (ASX:WAF) Shares Leap 35% Yet They're Still Not Telling The Full Story

Apr 10
West African Resources Limited's (ASX:WAF) Shares Leap 35% Yet They're Still Not Telling The Full Story

Sentiment Still Eluding West African Resources Limited (ASX:WAF)

Feb 05
Sentiment Still Eluding West African Resources Limited (ASX:WAF)

West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 30
West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly

Apr 14
Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly

With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case

Jan 13
With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case

We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt

Dec 08
We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt

Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?

Aug 29
Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?

There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings

Jul 29
There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings

Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

May 25
Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?

Feb 23
Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?

Is West African Resources (ASX:WAF) Using Too Much Debt?

Dec 16
Is West African Resources (ASX:WAF) Using Too Much Debt?

CEO Compensation Analysis

How has Richard Hyde's remuneration changed compared to West African Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024AU$2mAU$806k

AU$224m

Sep 30 2024n/an/a

AU$189m

Jun 30 2024n/an/a

AU$155m

Mar 31 2024n/an/a

AU$151m

Dec 31 2023AU$2mAU$803k

AU$147m

Sep 30 2023n/an/a

AU$145m

Jun 30 2023n/an/a

AU$144m

Mar 31 2023n/an/a

AU$154m

Dec 31 2022AU$2mAU$702k

AU$164m

Sep 30 2022n/an/a

AU$191m

Jun 30 2022n/an/a

AU$219m

Mar 31 2022n/an/a

AU$204m

Dec 31 2021AU$2mAU$551k

AU$189m

Sep 30 2021n/an/a

AU$170m

Jun 30 2021n/an/a

AU$152m

Mar 31 2021n/an/a

AU$121m

Dec 31 2020AU$1mAU$490k

AU$89m

Sep 30 2020n/an/a

AU$46m

Jun 30 2020n/an/a

AU$2m

Mar 31 2020n/an/a

-AU$1m

Dec 31 2019AU$681kAU$400k

-AU$4m

Dec 31 2018n/an/a

-AU$7m

Sep 30 2018n/an/a

-AU$22m

Jun 30 2018AU$550kAU$300k

-AU$25m

Compensation vs Market: Richard's total compensation ($USD1.26M) is about average for companies of similar size in the Australian market ($USD1.30M).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.

CEO

Richard Hyde

19.3yrs
Tenure
AU$1,954,164
Compensation

Mr. Richard Hyde, B.Sc. (Geology and Geophysics), MAusIMM, MAIG, is an Executive Chairman of West African Resources Limited since September 2019 and serves as its CEO. He served as the Managing Director of...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Hyde
Founder19.3yrsAU$1.95m1.5%
A$ 45.8m
Padraig O'Donoghue
CFO & Company Secretary6.9yrsAU$1.11m0.061%
A$ 1.9m
Lyndon Hopkins
COO & Executive Director10.3yrsAU$1.41m0.20%
A$ 6.1m
Elizabeth Mounsey
Executive Director of Human Resources & Executive Director2.4yrsAU$710.94k0.011%
A$ 343.3k
Stuart Cruickshanks
General Manager of Technical Services5.7yrsno datano data
Ann Atkins
Legal Counsel & Joint Company Secretary1.5yrsno datano data
Nathan Ryan
IR Contactno datano datano data
6.3yrs
Average Tenure

Experienced Management: WAF's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Hyde
Founder18.7yrsAU$1.95m1.5%
A$ 45.8m
Lyndon Hopkins
COO & Executive Director5.7yrsAU$1.41m0.20%
A$ 6.1m
Elizabeth Mounsey
Executive Director of Human Resources & Executive Director5yrsAU$710.94k0.011%
A$ 343.3k
Rodney Leonard
Lead Independent Non-Executive Director5.7yrsAU$167.76k0.0029%
A$ 86.7k
Stewart Findlay
Independent Non-Executive Director5yrsAU$137.21k0.010%
A$ 317.1k
Robin Romero
Independent Non-Executive Director2.4yrsAU$144.20k0.0060%
A$ 182.0k
Jayde Webb
Independent Directorno datano datano data
5.0yrs
Average Tenure

Experienced Board: WAF's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/28 17:00
End of Day Share Price 2025/05/28 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

West African Resources Limited is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Taylor GuyotBarrenjoey Markets Pty Limited