Company
Pan African Resources PLC
LON:PAF
Pan African Resources PLC is a mid-tier African-focused gold producer with a production capacity in excess of 200,000oz of gold per annum. The company owns and operate a portfolio of high-quality, low-cost operations and projects, which are located in South Africa.
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Pan African results aided by 'much-improved rand gold price'
Profits at the South Africa-based gold miner were US$60.7 million (US$75 million)
Pan African in good position heading into Mintails build, suggests broker
“Once the Mintails project ramps (first 2025) we anticipate group output of 250,000 oz pa"
Pan African Resources expects output to recover after challenging year
For the current year the gold miner is guiding for production of between 178,000 and 190,000oz
Pan African 'aggressively' developing renewable power as outages hit production
South African gold miner said Eskom's problems have knocked 10,000oz from this year's total
Pan African reiterates full year production guidance after first half disruption
A restructuring plan has been agreed with unions at the Barberton complex
Pan African Resources deal a 'significant step forward', says Peel Hunt
The deal, which was closed today, will see Pan African Resources paying R50mln (approximately US$2.8mln) for Mogale Gold Proprietary and Mintails SA Soweto Cluster
Pan African closes deal to acquire Mintails assets
“Our studies have demonstrated robust operational and financial economics," said CEO Cobus Loots
Pan African Resources sees full-year pretax profit grow on record gold production
Gold output grew to 205,688 ounces, exceeding its revised guidance of 200,000 ounces as well as the previous year’s production of 201,777 ounces
Pan African Resources says Mintails transaction deadline extended to end-September
A definitive feasibility study on the Mogale Gold tailings storage facilities showed that the project could lift Pan African’s current annual production by over 25%
Pan African plans growth after record year for gold production
Evander mining site increased gold production by 18.7%
Pan African Resources calls Mogale Gold tailings storage facilities a 'compelling project'
Re-mining of the Mogale TSFs is expected to add about 50,000 ounces a year of production
Pan African Resources hits more high grades at Barberton complex
All the reefs remain open at depth, said the gold miner
Pan African Resources secures sizeable gold exploration block in Sudan
Pan African has a long-established history of gold production in South Africa
Pan African Resources reports higher interim pretax profit on record gold production
The company previously announced record gold production for the six-month reporting period
Pan African Resources gold production hits new record
Output rose by 9.9% to 108,000oz in the six months to end December 2021
Pan African Resources on track to hit production target says Peel Hunt
Management feels it is in a strong position to meet or exceed its 195,000 oz guidance
Pan African Resources to beat FY output guidance; plans to buy 6 historical tailings storage facilities
Pan African has also conditionally agreed to buy Blyvoor Gold Operations (Pty) Ltd, consisting of six historical tailings storage facilities in South Africa
Pan African Resources reorganises available debt facilities and secures reduced rates
Pan African has a long track record of gold production in South Africa
Pan African Resources raises dividend after posting record profits
The miner grew production, set a new profit record and announced its highest ever dividend payout.
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Pan African Resources sees EPS jump as much as 78% on higher gold prices and sales
Revenue for the year increased 34.8% to US$368.9mln
Pan African Resources agrees multi-year wage deal with NUM and UASA unions at its Barberton gold mines
The three underground mines at Barberton produced almost 85,000 ounces of gold in the year to end June 2021
Pan African Resources reports 12.3% increase in gold production for the year
It expects to produce about 195,000 ounces of gold in the year to end June 2022
Pan African renews mining rights at Barberton for next 30 years
The renewal includes mining rights for the Fairview, New Consort and Sheba Mines
Pan African Resources increases production guidance as Evander volumes improve
The miner noted a significant improvement in the Evander mine’s 8 Shaft pillar as it lifted guidance to 195,000 ounces of gold for the financial year.
Pan African Resources continues to grow amidst high gold price surges
Gold production this year is forecast to reach 190,000oz
Pan African Resources posts further strong results following record Rand dividend
Pan African Resources has a long track-record of gold production in South Africa
Pan African Resources gives guidance for the six months to December 2020
Pan African has successfully operated gold mines in South Africa for a number of years
Pan African Resources highlights 5.9% rise in gold production
The company is on-track to deliver its full-year production guidance, which is set at 190,000 ounces
Pan African Resources to build solar plant at Evander mine
The company also said it expects to produce 97,000 ounces of gold in the six months to December 31, 2020
Pan African Resources rises as it acquires tailings retreatment projects in South Africa
The two projects, Mogale Gold and Mintails SA, are estimated to contain a collective gold content of 2.36mln ounces
Pan African Resources ADRs approved to trade on the highest tier of the OTC market
Pan African is upgrading to the OTCQX Market from the Pink Over-the-Counter market. The ticker symbol (PAFRY) remains unchanged
Pan African Resources exceeded 2020 gold production guidance, on-track to grow again in 2021
Chief executive Cobus Loots said the company showed resilience over the past year
Pan African Resources sees sales and earnings soar with the gold price
Headline earnings for the year to end-June, 2020, will be between 2.23 US cents and 2.35 US cents against 1.19 US cents in 2019
Pan African Resources shares are up threefold in the past four months, as new gold production looks set to hit 190,000 ounces
Pan African has a long track record of gold production in South Africa
Pan African Resources to start work on new Egoli deep mine later this year
First gold is expected to be produced approximately 20 months after construction commences
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Pan African Resources confirms gold production growth
“Pan African has demonstrated the resilience of its operations with an improved performance for the year," said chief executive Cobus Loots
Pan African Resources establishes sponsored Level -1 ADR programme on the US over-the-counter market
Bank of New York Mellon has been appointed as the Depository, with each ADR in the programme representing twenty Pan African Resources ordinary shares
Pan African Resources higher as it remains cashflow positive despite lockdown, slightly downgrades production guidance
The miner said despite operations being "severely affected" by a lockdown in South Africa, its 2020 production guidance had been lowered by "only 5%" to 176,000 ounces of gold
Pan African reiterates support for government measures, as lockdown in South Africa extended
Pan African has a strong track record of gold production in South Africa