CHARTS: Gold price poised to break bear trend

Kiaka is within 40 km of West African Resources' Sanbrado gold mine, which poured its first gold in March 2020.

The Block 14 project is considered to be one of the leading gold projects in Africa, with a net present value of over $1 billion at today's gold price.

The company reported a net profit of $11.63 billion in the first nine months of this year.

ANLA's decision effectively halts the project's development, but does not deny the permit request.