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02/06/2011

Jan Nelson at Pan African Resources says he ‘very excited’ by the Barberton upgrade

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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: PAF
Latest Price: 15.13p  (0.87% Ascending)
52-week High: 18.25p
52-week Low: 9.80p
Market Cap: 219.12M
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Pan African Resources
www.panafricanresources.com

Pan African is a South African based precious metals mining company producing approximately 95,000 ozs of gold and, when in full production in May 2012, 12,000 ozs pgm per annum. 

In January, the company announced a joint venture with Wits Gold to acquire the Evander Gold Mines from Harmony for a consideration of up to R1.7 billion, providing an attributable 50,000 ozs of gold production and a project pipeline for future growth.

Additionally, the company has approved phase 1 of a gold tailings retreatment project which could further increase gold production by 25,000 ozs per annum from August 2013.     

The company is unhedged, debt free and dividend paying.

Full Pan African Resources profile here
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Pan African Resources says negotiations ongoing

29th Dec 2011, 8:56 am The firm released a cautionary announcement on November 17 this year, which told investors that the firm had entered into negotiations

Pan African Resources (LON:PAF) revealed today that negotiations are still in progress, which if successful may have a "material effect" on the price of its securities.

The firm released a cautionary announcement on November 17 this year, which told investors that the firm had entered into negotiations.

Today, in a stock exchange statement, it said: "Shareholders are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the securities of the company. 

"Accordingly, shareholders are advised to exercise caution when dealing in the company's securities, until a full announcement has been made."

Pan African is a gold mining company focused on projects in South Africa and Mozambique and that produces around 100,000 ounces per year.

Its focus is on developing low cost, high margin production or near-production projects.

 

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