Proactiveinvestors United Kingdom Pan African Resources plc Proactiveinvestors United Kingdom Pan African Resources plc RSS feed en Sat, 26 Sep 2020 03:38:14 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Pan African Resources exceeded 2020 gold production guidance, on-track to grow again in 2021 Wed, 16 Sep 2020 08:29:00 +0100 Pan African Resources sees strong cashflows as gold price surges Tue, 01 Sep 2020 13:35:00 +0100 Pan African Resources sees sales and earnings soar with the gold price Tue, 01 Sep 2020 07:12:00 +0100 Pan African Resources shares are up threefold in the past four months, as new gold production looks set to hit 190,000 ounces Mon, 10 Aug 2020 11:10:00 +0100 Pan African Resources to start work on new Egoli deep mine later this year Thu, 30 Jul 2020 10:15:00 +0100 Pan African should be debt-free this year and hopes to increase dividends as production grows Fri, 17 Jul 2020 12:29:00 +0100 Proactive weekly mining highlights: Pan African Resources, Eurasia Mining, Chesterfield Resources... Sat, 11 Jul 2020 08:30:00 +0100 Pan African Resources confirms gold production growth Fri, 10 Jul 2020 07:47:00 +0100 Pan African Resources establishes sponsored Level -1 ADR programme on the US over-the-counter market Thu, 02 Jul 2020 09:45:00 +0100 Pan African expects to make 'big dent in its debt' after remaining cashflow positive in lockdown Wed, 13 May 2020 06:48:00 +0100 Pan African Resources higher as it remains cashflow positive despite lockdown, slightly downgrades production guidance Mon, 11 May 2020 08:06:00 +0100 Pan African reiterates support for government measures, as lockdown in South Africa extended Tue, 14 Apr 2020 10:25:00 +0100 Pan African’s gold mines close, although limited activity continues at surface Mon, 30 Mar 2020 07:32:00 +0100 Pan African Resources puts mines on care and maintenance, following nationwide order in South Africa Tue, 24 Mar 2020 08:08:00 +0000 Pan African Resources updates on coronavirus prevention measures Fri, 20 Mar 2020 07:16:00 +0000 Pan African Resources on track to achieve production guidance as projects progress 'very nicely' Wed, 11 Mar 2020 13:49:00 +0000 Morning Report: Pan African profits jump 126% to US$21.9mln Tue, 18 Feb 2020 09:44:00 +0000 Pan African boosts gold production by 14.7% in the six months to December Tue, 18 Feb 2020 09:15:00 +0000 Pan African Resources reveals considerable improvement in earnings Fri, 31 Jan 2020 08:21:00 +0000 Pan African Resources 'builds solid platform' to deliver on its full year production guidance Mon, 27 Jan 2020 12:39:00 +0000 Pan African Resources on target for annual output of 185,000 ounces of gold Fri, 24 Jan 2020 11:30:00 +0000 Proactive news snapshot: Pan African Resources, Westminster, Keywords Studios Wed, 18 Sep 2019 14:33:00 +0100 Pan African Resources resumes dividends as profits bounce back Wed, 18 Sep 2019 08:01:00 +0100 Pan African Resources guides to improved full year earnings Wed, 11 Sep 2019 13:29:00 +0100 Pan African Resources looks to build on strong momentum and production growth Fri, 12 Jul 2019 06:48:00 +0100 Pan African reports on pleasing performance as gold production is boosted Mon, 20 May 2019 09:32:00 +0100 Pan African Resources on track to hit production target Fri, 17 May 2019 13:45:00 +0100 Pan African Resources has recovered its poise, and is now driving towards an annual production target of 170,000 ounces Mon, 25 Mar 2019 12:16:00 +0000 Pan African in a strong position and on track to produce 170k ounces Fri, 22 Mar 2019 11:55:00 +0000 Pan African Resources reports “robust” first half as profits more than double Wed, 20 Feb 2019 09:12:00 +0000 Pan African Resources expects uplift to EPS for second half of 2018 Wed, 13 Feb 2019 07:40:00 +0000 Pan African Resources reports sharp increase in gold production in first half Fri, 25 Jan 2019 13:24:00 +0000 Pan African surges after half-year production update Fri, 25 Jan 2019 10:26:00 +0000 Pan African Resources set to complete DFS at Royal Sheba after successful drilling programme Fri, 30 Nov 2018 07:52:00 +0000 Pan African’s Cobus Loots confident of achieving full year production guidance of 170,000 ounces of gold Tue, 06 Nov 2018 08:01:00 +0000 Pan African Resources looks all set to return to profitability in 2019 Wed, 26 Sep 2018 11:45:00 +0100 Pan African Resources repositions after challenging year Mon, 24 Sep 2018 10:55:00 +0100 Pan African Resources reports financial results after decisive action to maintain profitability Wed, 19 Sep 2018 07:14:00 +0100 Pan African Resources looks forward to year ahead after challenging period Fri, 14 Sep 2018 09:31:00 +0100 Pan African Resources says three-year wage agreement successfully concluded with unions by Barberton Mines Fri, 07 Sep 2018 06:40:00 +0100 Pan African reports significant boost to resource at Royal Sheba project Thu, 06 Sep 2018 11:20:00 +0100 Pan African Resources flagship asset is 'gift that keeps on giving', says CEO Thu, 06 Sep 2018 09:29:00 +0100 Pan African Resources more than doubles mineral resource estimate at Sheba after latest round of drilling Thu, 06 Sep 2018 07:27:00 +0100 Numis Securities repeats ‘buy’ on Pan African Resources after Elikhulu tailings plant news Fri, 17 Aug 2018 15:00:00 +0100 Pan African Resources announces first gold pour at Elikhulu Thu, 16 Aug 2018 07:57:00 +0100 Pan African headed in right direction after challenging year Thu, 12 Jul 2018 08:43:00 +0100 Pan African Resources slips as PAR Gold sells 130mln shares, representing a 5.8% stake Thu, 31 May 2018 08:00:00 +0100 Pan African Resources completes Barberton plant as Elikhulu construction continues Thu, 24 May 2018 08:40:00 +0100 Pan African Resources to cease underground operations at the Evander gold mine in South Africa Wed, 02 May 2018 14:40:00 +0100 Pan African on track to produce between 177,000 and 181,000 ounces of gold this year Mon, 16 Apr 2018 13:28:00 +0100 Pan African increasing production after reaching new high-grade gold zone Fri, 02 Mar 2018 14:39:00 +0000 Pan African Resources into high grades again at Barberton Fri, 02 Mar 2018 07:41:00 +0000 Pan African Resources confirms considering cutting jobs at Evander Gold Mine in South Africa Tue, 27 Feb 2018 12:16:00 +0000 Pan African Resources still in profit and paying dividend, despite tough few months Tue, 13 Feb 2018 07:54:00 +0000 Pan African no longer picking over the bones of ASA Resource Group Wed, 07 Feb 2018 15:20:00 +0000 Pan African Resources is reviewing its cost base and "strategic merits" of its portfolio Thu, 01 Feb 2018 10:17:00 +0000 Pan African in exclusive talks to buy assets of ASA Resource Mon, 29 Jan 2018 13:00:00 +0000 Pan African Resources restructures black economic empowerment arrangements Fri, 15 Dec 2017 10:06:00 +0000 Pan African Resources on recovery track Fri, 20 Oct 2017 08:20:00 +0100 Pan African higher after concluding Barberton Mines wage agreement Wed, 18 Oct 2017 08:24:00 +0100 Pan African's Cobus Loots confident after overcoming setbacks at key mines Wed, 20 Sep 2017 17:36:00 +0100 Pan African Resources predicts recovery in current year after challenges at key mines Wed, 20 Sep 2017 07:15:00 +0100 Pan African in demand as it secures final regulatory approvals for construction of Elikhulu Fri, 25 Aug 2017 14:45:00 +0100 Pan African Resources lowers earnings guidance for 2017 due to strong Rand Fri, 18 Aug 2017 11:14:00 +0100 Pan African Resources to sell Phoenix Platinum to Sylvania Resources for around £5.2mln in cash Mon, 31 Jul 2017 06:50:00 +0100 Pan African Resources recovers its poise, production guided at 190,000 ounces of gold this year Thu, 20 Jul 2017 14:44:00 +0100 Pan African raising $123mln to fast-track construction of 'very attractive' Elikhulu project Wed, 12 Apr 2017 14:50:00 +0100 Pan African Resources to complete Evander repair work next week Mon, 10 Apr 2017 12:00:00 +0100 Sale of Uitkomst coal mine 'allows us to focus on our gold business', says Pan African's Cobus Loots Wed, 05 Apr 2017 12:28:00 +0100 Pan African Resources disposes of Uitkomst coal mine Wed, 05 Apr 2017 10:36:00 +0100 Pan African Resources on track with refurbishment at Evander Fri, 10 Mar 2017 16:10:00 +0000 Can Pan African add 50% to its share price? Fri, 03 Mar 2017 09:35:00 +0000 Broker keen on Pan African after mine visit Mon, 27 Feb 2017 13:33:00 +0000 Pan African Resources to pay out a record £17mln to investors as first-half profits improve Wed, 22 Feb 2017 12:30:00 +0000 Pan African suspends underground mining at Evander Mon, 20 Feb 2017 08:11:00 +0000 Numis Securities remains upbeat on Pan African Resources after Elikhulu news Fri, 09 Dec 2016 13:16:00 +0000 Pan African to open new tailings plant after upbeat study Mon, 05 Dec 2016 13:17:00 +0000 Pan African Resources: Record production behind a doubling in earnings Wed, 21 Sep 2016 06:38:00 +0100 Pan African buoyed by gold resurgence Wed, 03 Aug 2016 11:01:00 +0100 Very good year for gold, says Pan African Resources plc CEO Wed, 03 Aug 2016 09:23:00 +0100 Pan African's earnings soar as gold price recovers Tue, 02 Aug 2016 11:02:00 +0100 Pan African reaches agreement with Samancor over tailings Tue, 19 Jul 2016 11:42:00 +0100 Pan African CEO: Jadeite deal hits “two flies with one swat” Thu, 02 Jun 2016 13:06:00 +0100 Pan African Resources Shanduka bid accepted Wed, 01 Jun 2016 06:30:00 +0100 Pan African Resources builds finance to fund Jadeite buyout Thu, 26 May 2016 11:10:00 +0100 Pan African Resources PLC well established as mid-tier producer Tue, 08 Mar 2016 10:44:00 +0000 Pan African Resources helped by weak Rand, mining higher grade areas Tue, 23 Feb 2016 15:02:00 +0000 Pan African commits to dividend as debt falls Tue, 23 Feb 2016 14:43:00 +0000 Pan African Resources earnings double as Evander recovers Mon, 08 Feb 2016 08:59:00 +0000 Gold miner Pan African slashes debts as earnings recover Thu, 26 Nov 2015 10:57:00 +0000 Pan African agrees wage deals at both South African mines Tue, 13 Oct 2015 12:32:00 +0100 Pan African CEO sees silver lining in South Africa Thu, 24 Sep 2015 09:43:00 +0100 UPDATE - Pan African expects improvement after tough year Wed, 16 Sep 2015 11:45:00 +0100 Pan African confident of recovery after testing twelve months Thu, 11 Jun 2015 11:36:00 +0100 UPDATE - Pan African expects improvement in 2016; acquires coal mine for £10.4mln Tue, 09 Jun 2015 10:35:00 +0100 New Pan African Resources chief anticipating substantial increase in production Mon, 09 Mar 2015 12:01:00 +0000 Pan African turning a corner, says finnCap Fri, 06 Mar 2015 10:17:00 +0000 Pan African Resources sees grade improvement after challenging six months Thu, 26 Feb 2015 07:28:00 +0000 Pan African Resources' deputy chairman serves notice to step down Mon, 23 Feb 2015 14:37:00 +0000 Pan African Resources hires new finance director Fri, 20 Feb 2015 07:19:00 +0000 Pan African Resources' earnings dip but eyes grade recovery Mon, 12 Jan 2015 12:47:00 +0000 Pan African resolves suspension issues at gold mines Fri, 21 Nov 2014 11:50:00 +0000 Pan African shares lifted as it settles disposal Mon, 17 Nov 2014 09:33:00 +0000 Viking Mines extends agreement to monetise Akoase gold project Mon, 29 Sep 2014 14:30:00 +0100 Viking Mines to complete acquisition of Auminco Mines Mon, 29 Sep 2014 10:30:00 +0100 UPDATE - Pan African Resources slowed by grades, gold price Tue, 16 Sep 2014 14:17:00 +0100 Viking Mines: Berkh Uul environmental baseline studies begin Thu, 11 Sep 2014 13:30:00 +0100 Pan African strengthens board with Rowan Smith Mon, 08 Sep 2014 13:07:00 +0100 Viking Mines plans drilling for Berkh Uul coal project Thu, 04 Sep 2014 13:40:00 +0100 Pan African reports near 10% increase in gold reserves Wed, 03 Sep 2014 10:43:00 +0100 Pan African expects lower EPS as gold price tumbles Fri, 29 Aug 2014 10:55:00 +0100 Viking Mines takeover of Auminco now unconditional Wed, 27 Aug 2014 09:00:00 +0100 Viking Mines investors snap up shares in capital raising Mon, 25 Aug 2014 10:01:00 +0100 Viking Mines heads to market Mon, 18 Aug 2014 12:30:00 +0100 Viking Mines extends offer period for Auminco Mines Thu, 10 Jul 2014 23:40:00 +0100 Viking Mines signs third coal supply MoU for Berkh Uul project Mon, 07 Jul 2014 00:04:00 +0100 Viking Mines looks to monetise Akoase gold project Wed, 02 Jul 2014 00:11:00 +0100 Viking Mines to announce corporate transaction on gold operations Sun, 29 Jun 2014 23:51:00 +0100 Viking Mines signs second coal MoU with Mongolian power authorities Wed, 25 Jun 2014 23:19:00 +0100 Viking Mines extends takeover offer for Auminco Mines Thu, 29 May 2014 05:34:00 +0100 Viking Ashanti changes name to Viking Mines Tue, 20 May 2014 23:58:00 +0100 Viking Ashanti close to wrapping up takeover of Auminco Thu, 15 May 2014 07:24:00 +0100 Viking Ashanti, Auminco sign coal MoU with Mongolian Govt power authority Mon, 05 May 2014 00:10:00 +0100 Viking Ashanti wins control of Auminco Mines Thu, 01 May 2014 01:49:00 +0100 Viking Ashanti's takeover offer of Auminco Mines reaches 75.72% acceptances Mon, 28 Apr 2014 00:01:00 +0100 Viking Ashanti's takeover offer of Auminco Mines reaches 56.62% acceptances Wed, 16 Apr 2014 00:47:00 +0100 Viking Ashanti to fast track Mongolian coal production within 12-18 months Thu, 10 Apr 2014 06:53:00 +0100 Viking Ashanti lodges takeover offer for Auminco Mines Thu, 03 Apr 2014 05:57:00 +0100 Pan African Resources to build Evander tailings plant Fri, 28 Mar 2014 06:39:00 +0000 Viking Ashanti gets green light for North Mongolian coal project acquisition Mon, 24 Mar 2014 21:26:00 +0000 Canaccord raises price targets for gold miners by average 25% Mon, 17 Mar 2014 13:11:00 +0000 Pan African results boosted by Evander acquisition, brokers positive Wed, 19 Feb 2014 12:23:00 +0000 UPDATE - Pan African’s interim profit soars as gold sales exceed 100,000oz Wed, 19 Feb 2014 09:28:00 +0000 UPDATE - Pan African's earnings to rise strongly Wed, 29 Jan 2014 10:26:00 +0000 UPDATE - Shanta and Pan African highlighted as brokers rejig Wed, 15 Jan 2014 11:36:00 +0000 Pan African Resources appoints new director Mon, 09 Dec 2013 08:27:00 +0000 Pan African Resources speeds up Manica sale Tue, 26 Nov 2013 07:20:00 +0000 Pan African Resources worth 20p a share, says broker Fri, 08 Nov 2013 10:07:00 +0000 Pan African Resources eyeing growth opportunities at Evander Pan African Resources is a rare breed among mining firms these days - a dividend paying stock with a tried and tested strategy to maintain its growth trajectory.

Tue, 22 Oct 2013 13:48:00 +0100
UPDATE - Pan African Resources coy on reports of Navachab interest Gold miner gives guarded response to reports of joint bid for Anglogold Ashanti's Namibia-based mine.

Fri, 18 Oct 2013 11:42:00 +0100
Pan African Resources reaches wage deal with Barberton miners Wed, 02 Oct 2013 07:20:00 +0100 UPDATE - Pan African's strategy pays dividends after year of 'solid growth' Pan African Resources announce plans to pay a dividend after a solid year, making it a rarity on the junior AIM market – an income paying mining stock.

Tue, 17 Sep 2013 11:20:00 +0100
Pan African Resources names Ron Holding as CEO Mon, 09 Sep 2013 08:41:00 +0100 Pan African Resources agrees two year wage deal at Evander Wed, 04 Sep 2013 10:07:00 +0100 Update: Pan African delivers strong performance despite mining backdrop Tue, 20 Aug 2013 10:12:00 +0100 Update: Pan African Resources pours first gold from new tailings plant Mon, 01 Jul 2013 13:38:00 +0100 Analysts encouraged by Pan African Resources start with Evander Wed, 08 May 2013 11:42:00 +0100 Pan African pleased with Evander integration Tue, 07 May 2013 13:43:00 +0100 Viking Ashanti completes share placement Tue, 16 Apr 2013 02:35:00 +0100 Pan African Resources: Evander acquisition now complete Thu, 14 Mar 2013 12:23:00 +0000 Viking Ashanti raising funds for Ghana gold expansion Wed, 13 Mar 2013 21:18:00 +0000 Viking Ashanti closer to revealing capital raising details Thu, 07 Mar 2013 23:40:00 +0000 Viking Ashanti to raise funds Tue, 05 Mar 2013 23:31:00 +0000 Pan African Resources chief executive resigns Wed, 27 Feb 2013 13:43:00 +0000 Viking Ashanti is close to announcing corporate transaction Sun, 24 Feb 2013 22:50:00 +0000 Pan African Resources' Evander acquistion becomes unconditional Fri, 15 Feb 2013 07:31:00 +0000 UPDATE: Pan African overcomes cost pressures Wed, 13 Feb 2013 12:02:00 +0000 Pan African Resources unveils "solid" half year despite cost pressures Wed, 13 Feb 2013 06:23:00 +0000 Viking Ashanti looks to take resource base in Ghana to over 1M ounces of gold Sun, 03 Feb 2013 23:14:00 +0000 Shareholders scramble for Pan African Resources' shares Mon, 14 Jan 2013 13:34:00 +0000 Viking Ashanti sets course for gold resource upgrade in Ghana Fri, 21 Dec 2012 00:30:00 +0000 Pan African Resources makes modifications to Manica deal Fri, 14 Dec 2012 11:10:00 +0000 Pan African Resources undergoes "game changing" acquisition Mon, 10 Dec 2012 10:31:00 +0000 Viking Ashanti gets high grade gold hit in Ghana Tue, 04 Dec 2012 22:17:00 +0000 Pan African Resources says rights offer is unconditional Mon, 03 Dec 2012 08:53:00 +0000 Pan African Resources CEO excited as Evander deal conclusion close Wed, 07 Nov 2012 16:11:00 +0000 Pan African Resources' Evander acquisition is "game changer", says CEO

Pan African's bid to buy the Evander gold mine from the third largest miner in South Africa is a "game changer" for the group, its chief executive Jan Nelson told Proactive Investors.

Thu, 11 Oct 2012 11:00:00 +0100
Viking Ashanti substantial shareholder takes greater stake Tue, 09 Oct 2012 00:29:00 +0100 Viking Ashanti chairman raises stake on market Tue, 02 Oct 2012 05:29:00 +0100 UPDATE: Pan African excited about prospects as reveals "excellent" results Pan African Resources posted what it called "excellent" results for the year, adding it was excited about its prospects for 2013.



Thu, 27 Sep 2012 11:07:00 +0100
Pan African excited about prospects as reveals "excellent" results Thu, 27 Sep 2012 07:46:00 +0100 Pan African's Evander acquisition to increase potential earnings - Edison Tue, 11 Sep 2012 12:07:00 +0100 Pan African Gold: Canaccord says ‘strong profitability’ is not reflected in share price Pan African Gold offers investors an attractive mix of cash flow, production growth and a historically strong dividend yield, according to City broker Canaccord Genuity.

Mon, 10 Sep 2012 14:08:00 +0100
Viking Ashanti re-commences drilling at Ghana gold project Mon, 10 Sep 2012 00:49:00 +0100 Pan African Resources to sell Manica gold exploration project to Terranova Wed, 29 Aug 2012 07:00:00 +0100 Pan African Resources’ earnings to be significantly better than last year AIM quoted gold miner Pan African Resources told investors that its full year earnings will be significantly better than last year.

Tue, 28 Aug 2012 09:57:00 +0100
Viking Ashanti raises A$1.27M for exploration in Ghana Fri, 24 Aug 2012 04:08:00 +0100 Pan African Resources announces significant step in Evander acquisition bid Fri, 17 Aug 2012 16:47:00 +0100 Viking Ashanti identifies new gold anomalies at Akoase in Ghana Thu, 26 Jul 2012 04:37:00 +0100 Viking Ashanti to raise up to $1.73m for exploration in Ghana Fri, 20 Jul 2012 04:56:00 +0100 Pan African Resources represents good value compared to peers, says broker Fri, 13 Jul 2012 09:55:00 +0100 FinnCap raises target price for Pan African Resources to 30.9p Tue, 12 Jun 2012 15:30:00 +0100 Pan African Resources: New deal to buy Harmony Gold’s Evander mine is "much improved", says CEO Pan African Resources' chief executive Jan Nelson described the new deal to buy 100 per cent of  Harmony Gold’s Evander gold mine in South Africa as "much improved".

Thu, 31 May 2012 13:56:00 +0100
Pan African Resources agrees Evander gold mine buy for £115 mln The deal follows months of negotiations and will double the company's annual gold production to 200,000 ounces. It will pay just under £115 million and plans to finance the acquisition mainly with a mix of debt finance and cash.


Wed, 30 May 2012 16:52:00 +0100
Pan African Resources One2One Forum - 18th April 2012 Wed, 18 Apr 2012 10:49:00 +0100 FinnCap starts Pan African Resources coverage, target price 50 pct above share price Fri, 13 Apr 2012 09:27:00 +0100 Pan African Resources starts construction of Barberton tailings retreatment plant Wed, 04 Apr 2012 10:16:00 +0100 Pan African Resources is a fast developing miner, says RBC Capital Markets; rated 'outperform' Mon, 12 Mar 2012 14:09:00 +0000 Pan African Resources says negotiations ongoing for planned Evander gold mine buy Mon, 12 Mar 2012 08:15:00 +0000 Pan African Resources sees profits spike Wed, 22 Feb 2012 10:06:00 +0000 Pan-African Resources profits spike thanks to rising gold price Wed, 22 Feb 2012 07:03:00 +0000 Pan African can make Evander deal work, says broker Pan African Resources has a good chance to make the proposed acquisition of the Evander gold mine in South Africa  work, according to broker Collins Stewart.

Tue, 31 Jan 2012 12:16:00 +0000
Pan African Resources and Wits Gold to buy Harmony's Evander mine - UPDATE Mon, 30 Jan 2012 14:52:00 +0000 Pan African Resources and Wits Gold to buy Harmony's Evander mine Mon, 30 Jan 2012 13:21:00 +0000 Pan African first half earnings to double - UPDATE Wed, 25 Jan 2012 09:34:00 +0000 Pan African first half earnings to double Wed, 25 Jan 2012 06:42:00 +0000 Pan African Resources says negotiations ongoing Thu, 29 Dec 2011 07:56:00 +0000 Pan African Resources produces first platinum at Phoenix project Tue, 29 Nov 2011 06:49:00 +0000 UPDATE: Pan African Resources starts cold commissioning at Phoenix Platinum tailings plant Mon, 17 Oct 2011 13:04:00 +0100 Pan African Resources starts cold commissioning at Phoenix Platinum tailings plant Mon, 17 Oct 2011 07:23:00 +0100 Pan African Resources: Gold and platinum pioneers From zero revenues just four years ago, Pan African Resources turned in gross revenue of almost £80 million in the year ending June 2011, giving them attributable earnings of over £17 million.

Thu, 13 Oct 2011 10:44:00 +0100
Pan African Resources rewards investors with a 38 per cent hike to the final dividend Strong cash generation from the company’s Barberton gold mine in South Africa has allowed Pan African Resources to hike the final dividend by 38 per cent.

Mon, 12 Sep 2011 06:41:00 +0100
Pan African Resources to spin out Manica gold project into separate listed entity Fri, 19 Aug 2011 07:05:00 +0100 Pan African Resources will not be affected by South African miners’ strike Wed, 27 Jul 2011 09:58:00 +0100 Pan African Resources appoints Phuti Malabie as non-executive director Wed, 20 Jul 2011 13:18:00 +0100 Pan African Resources increases resource at Manica and reserve at Phoenix Platinum Wed, 22 Jun 2011 08:24:00 +0100 Pan African hails “encouraging" drilling results Thu, 09 Jun 2011 07:36:00 +0100 Jan Nelson at Pan African Resources says he ‘very excited’ by the Barberton upgrade Thu, 02 Jun 2011 10:03:00 +0100 UPDATE: Pan African Resources ups Berberton mine’s gold reserves by 51 pct Tue, 31 May 2011 13:33:00 +0100 Pan African Resources subsidiary secures R150 mln credit facility for Barberton gold mines Tue, 03 May 2011 09:04:00 +0100 Pan African Resources gets mining licence for Manica gold project in Mozambique Mon, 04 Apr 2011 06:27:00 +0100 Pan African starts site clearance for Phoenix platinum tailings plant, work on schedule Wed, 23 Mar 2011 06:26:00 +0000 Pan African's CEO Nelson expects security costs to fall significantly Security costs are set to fall significantly at Pan African in the coming year, according to chief executive Jan Nelson who also revealed the Fairview Tailings Project could add a further 25,000 low cost ounces of gold to the production. He was speaking after a set of solid interim results, which showed the group had been tenacious in tackling costs.

Tue, 22 Feb 2011 10:18:00 +0000
Pan African Resources withstands cost pressures to post a 70pct rise in first-half earnings The company's interims today are the culmination of a number of years of hard work that have seen Pan African transformed from promising gold explorer to cash generating miner. It has managed to withstand cost pressures to post a solid set of earnings.

Tue, 22 Feb 2011 06:43:00 +0000
Pan African Resources expects to report bumper interims later this month Thu, 03 Feb 2011 13:34:00 +0000 Pan African Resources: Edison highlights extra value of Barberton gold and Phoenix platinum Fri, 28 Jan 2011 14:02:00 +0000 Pan African and International Ferro Metals green-light Phoenix Platinum tailings project Pan African Resources will treat chrome tailings from IFM's Lesedi mine to produce 211,000 ounces of platinum group metals, with a current basket price of around US$1,250 per ounce. With the agreement now reached with IFM, the company can now crack on with the construction of the plant and first production is expected in 2011.

Fri, 05 Nov 2010 11:19:00 +0000
Numis Securities initiates coverage on Pan African Resources with upbeat note Tue, 12 Oct 2010 13:18:00 +0100 Gold Producer Pan African Makes it to the Big League As you will see from our coverage earlier, Pan African is offloading a fringe asset in Ghana. Here we look at the company's transformation from promising junior to cash generating gold producer, which has seen it step up in class.

Mon, 04 Oct 2010 08:07:00 +0100
Pan African Resources to sell 85.1% stake in non-core gold project to GoldStone Mon, 04 Oct 2010 07:39:00 +0100 Robust gold demand drives Pan African Resources FY sales up 30% Tue, 31 Aug 2010 12:01:00 +0100 Pan African Resources upgrades FY-2010 EPS forecasts further Wed, 25 Aug 2010 11:17:00 +0100 Pan African Resources hard work pays off as Barberton Mines resource grows to 2.37 million ounces Evidence of Pan African's hard work was revealed this morning, with confirmation that two years of drilling had upgraded the total resource by 18%, and more importantly, the measured and indicated resources by 30%

Wed, 30 Jun 2010 09:02:00 +0100
Pan African Resources ups earnings forecast for FY-2010 Mon, 28 Jun 2010 11:44:00 +0100 Pan African Resources ups Phoenix Platinum 4E PGM resource by 15.8% Thu, 20 May 2010 08:25:00 +0100 Pan African Resources pulls out of RK1 stake buy from Ivanhoe Nickel & Platinum Tue, 18 May 2010 09:47:00 +0100 Pan African Resources talks about a shallow underground mine in South Africa, high margins, low capital commitments and a dividend Thu, 13 May 2010 10:51:00 +0100 Jan Nelson, CEO of Pan African Resources, talks to Proactive Investors Wed, 12 May 2010 23:00:00 +0100 Jan Nelson, CEO of Pan African Resources, talks to Proactive Investors Wed, 12 May 2010 23:00:00 +0100 Pan African Resources extends due diligence of RK1 stake buy Fri, 30 Apr 2010 14:41:00 +0100 Pan African Resources granted new order mining rights at Barberton Mines Fri, 23 Apr 2010 09:06:00 +0100 Pan African Resources ups H2 production guidance and reports significant progress at Phoenix Platinum Thu, 08 Apr 2010 12:14:00 +0100 Pan African Resources to take 25% stake in RK1 Consortium for access to low cost PGM Wed, 31 Mar 2010 09:09:00 +0100 Pan African Resources finance director buys 130,000 shares in company Wed, 24 Feb 2010 16:17:00 +0000 Pan African Resources and International Ferro Metals move tailings retreatment discussions to next phase Fri, 19 Feb 2010 13:35:00 +0000 Pan African H1 revenues up 16.5%, profit held back by successful security push at Barberton Mines The massive drive launched in December to remove illegal miners from the South African gold mine is expected to significantly increase output and profit from Barberton going forward.

Wed, 10 Feb 2010 09:13:00 +0000
Pan African Resources expects first-half EPS to climb 45-50% Wed, 27 Jan 2010 11:46:00 +0000 Pan African Resources still in talks over 'significant transaction' Thu, 07 Jan 2010 06:53:00 +0000 Pan African Resources One2One Investor Presentation 9 December 09 Tue, 08 Dec 2009 23:00:00 +0000 Pan African Resources One2One Investor Presentation 9 December 09 Tue, 08 Dec 2009 23:00:00 +0000 Pan African Resources in talks over 'significant transaction', to move to JSE main board on 1 December Thu, 26 Nov 2009 13:38:00 +0000 Pan African Resources CEO Nelson buys 75,134 more shares in company Fri, 16 Oct 2009 13:36:00 +0100 Pan African completes recent new board appointments Thu, 17 Sep 2009 13:56:00 +0100 Jan Nelson of Pan African Resources talks to Proactiveinvestors Jan Nelson, CEO of Pan African Resources, talks about a planned platinum group metals project that can reach payback within three years, acquiring the Barberton gold mines outright, increasing earnings per share by 30%, increased liquidity and institutional support, and the strategic advantage in having Shanduka Resources as a major shareholder.

Wed, 08 Jul 2009 07:17:00 +0100
Jan Nelson of Pan African Resources talks to Proactiveinvestors Mon, 06 Jul 2009 23:00:00 +0100 Jan Nelson of Pan African Resources talks to Proactiveinvestors Mon, 06 Jul 2009 23:00:00 +0100 Pan African Resources believes platinum project could reach payback within three years Wed, 01 Jul 2009 12:40:00 +0100 Jan Nelson of Pan African Resources updates Proactiveinvestors on its activities Tue, 30 Jun 2009 23:00:00 +0100 Jan Nelson of Pan African Resources updates Proactiveinvestors on its activities Tue, 30 Jun 2009 23:00:00 +0100 Pan African Resources becomes fully empowered following Metorex disposal Fri, 26 Jun 2009 07:19:00 +0100 Pan African Resources to enhance earnings by taking full ownership of Barberton Mines Fri, 19 Jun 2009 07:09:00 +0100 Pan African Resources’ Manica pre-feasibility study envisages 83,000 ounces of gold per annum mine Thu, 04 Jun 2009 09:18:00 +0100 Pan African exercises option to buy Phoenix Platinum from Metorex for £5.45 mln Thu, 21 May 2009 08:38:00 +0100 Pan African Resources interview transcript Sat, 09 May 2009 08:06:00 +0100 Pan African Resources' Jan Nelson talks to Proactiveinvestors Mon, 16 Mar 2009 15:03:00 +0000 Jan Nelson, CEO of Pan African Resources talks to Proactiveinvestors Sun, 15 Mar 2009 23:00:00 +0000 Jan Nelson, CEO of Pan African Resources talks to Proactiveinvestors Sun, 15 Mar 2009 23:00:00 +0000 Pan African first-half gold production up 7.8 pct, EBITDA more than doubles Thu, 26 Feb 2009 10:44:00 +0000 Pan African Resources takes option over Phoenix Platinum Mon, 09 Feb 2009 09:24:00 +0000 Pan African Resources CEO buys 30,000 shares in company Thu, 27 Nov 2008 08:04:00 +0000 Pan African Resources - what a difference a year makes… Wed, 05 Nov 2008 08:15:00 +0000 Gold Producer Pan African Resources delivers robust numbers Wed, 27 Aug 2008 11:57:00 +0100 Pan African Resources’ profits surge Tue, 19 Aug 2008 11:40:00 +0100 Pan African Resources director buys shares Fri, 13 Jun 2008 02:27:00 +0100 Pan African Resources firms on operational update
The diversified gold developer confirmed that gold mining operations at its Barberton Mines in South Africa were ‘in line’ with management expectations. At the end of this month, gold production at Barberton will become full unhedged allowing the company to take full advantage of continued strength in the gold price. Pan African also confirmed that a reserve replacement program was progressing well and that five new exploration targets had been identified and would be the focus of follow up exploration over the next year.

Meanwhile in Mozambique, the completion of a pre-feasibility study on the Manica Gold Project has been delayed slightly to the end of third quarter of this year. The delay was due to additional geological and engineering work requirements to better define the higher grade zones of gold to help with optimization of the mine plan.

Over in the Central African Republic, the first assay results from scout drilling on the Bogoin project were released. 20 holes have been drilled to date, and assays returned on the first 7 holes highlighted narrow intersects of high grade gold mineralisation. The company said it would continue drilling, moving southwards in an attempt to find the host rock of the mineralisation.

Finally, in Ghana, Pan African confirmed that a 6,000 metre drill program had been completed on the eastern side of the Akrokerri project. Results are pending.

"The Company is pleased with the progress of its exploration projects which are all being funded by cash flow from Barberton Mines. The Pre-Feasibility is taking longer than expected on the Manica gold project as a result of new geological interpretations, however additional resources have been contracted to complete the Pre-Feasibility work in the shortest period possible. The Company is extremely pleased by the initial drill intersections made on the Bogoin project in the CAR. The results received to date come from boreholes drilled on the edge of the gold-in-soil anomaly, and drilling is currently underway to test the heart of the anomaly" summarised Jan Nelson, CEO of Pan African Resources.
Wed, 11 Jun 2008 08:13:00 +0100
Pan African Resources identifies multiple gold anamolies
The combined strike length of the anomalies is in excess of 25 kilometres, the company said. Pan African Resources and its' joint venture partner, CAR Gold, also announced that they have signed a 25 year mining convention with the Ministry of Mines, Energy and Water Affairs which will see the JV pay the state US$0.7 million for the rights acquired over the Dekoa licence.

Drilling in the CAR is currently focused on an 18,000 metre program at the Bogoin Gold Project

Jan Nelson, CEO of Pan African, commented:

"The signing of a mining convention removes uncertainty regarding the funding required should the Dekoa gold project advance to the mining phase. Our combined gold projects in the CAR represent close to 37km of potentially mineralised strike length and are we comfortable with the pace at which these projects are progressing."

Mon, 14 Apr 2008 07:51:00 +0100
Pan African ups Manica resource to 1.7m ounces
The gold exploration and production company increased the resource at Manica by 10% to 1.7 million ounces. Even more impressive was the rise in the average gold grades - Pan African said the grade at the Fair Bride prospect had increased by 94% to 5.49 grams per tonne gold and overall grade of the entire Manica resource had increased to 4.61 grams per tonne gold from 2.96 grams per tonne gold previously reported.

The increase in the grade was the result of additional high grade zones identified along strike and to depth combined with an optimisation of the mine plan.

Jan Nelson, CEO, commented:

"These results have significantly exceeded our expectations and we are particularly pleased with the grade that has almost doubled at the Fair Bride prospect. The increase in the in situ grade will impact positively on the economic viability of the deposit and we expect a significant optimisation from the scoping study completed previously."
Mon, 10 Mar 2008 07:32:00 +0000
Pan African Resources posts maiden profit
Financial highlights included earnings before interest, tax, depreciation and amortisation increasing by £4.7 million to £4.0 million as positive cash flow from Barberton was reflected in the profit and loss accounts. Revenues in the period were £14.6 million and earnings per share came in at 0.13 pence (2006: loss 0.8 pence).

Pan African said it was pleased with progress at Barberton where production totalled 47, 486 ounces over the 5 month period, with a cash cost of US$521 per ounce. The Company also confirmed that power supply issues in South Africa had yet to impact its operations, and that it was working towards the requirement of all industry to reduce power consumption by 10% to help alleviate power shortages.

Positive developments were also made on the exploration front, with a number of new targets identified within the Barberton project that would be used for reserve replacement. Exploration in Mozambique, where Pan African Resources is completing a pre-feasibility study on the Manica Gold project also returned drill results exceeding management's expectations "in terms of both grade and size of the mineralised zone." Pan Africa expects to release an updated resource statement for Manica at the end of March, 2008.

Additional drilling in the second and third quarter are also earmarked for the Bogoin & Dekoa Gold Projects in the Central African Republic, and Pan African confirmed that it expected to drill later in the year on the Akrokerri & Kyereboso Gold projects in Ghana.

Thu, 21 Feb 2008 11:00:00 +0000
Pan African Resources signs Ghana earn-in deal
Pan African will pay US$200,000 for an exclusive option to explore on the property for a year, and also finance the annual licence costs of about US$15,000. Pan African can acquire rights up to 90% in the project, by completing subsequent stages of work on the project.

Jan Nelson, CEO of Pan African, said:

“The agreement signed to earn-in allows us flexibility to participate in a highly prospective area contiguous to the largest gold producer in Ghana, the Obuasi Gold Mine and our Akrokerri
property, allowing for cost effective management of the project.”
Wed, 20 Feb 2008 08:42:00 +0000
Manica drill results boost Pan African
Drilling highlights included 3 metres at 8.5 grams per tonne gold from 193 metres down hole and 21 metres at 7.84 grams per tonne gold from 219 metres down hole. It total, Pan African released data on some 1,700 metres from 16 bore holes. The drilling extended the known strike length to over 800 metres and continued to confirm high grade gold intercepts to depth. Some 8,400 metres of a total 15,600 metres of planned drilling have now been reported to the market.

Jan Nelson, CEO of Pan African Resources added:

"The latest drill intersections are some of the highest made on the project to date, and have confirmed the mineralisation to depth. In addition to strike extent of the mineralised envelope has been extended by another 200m to over 800m. Final geological modelling will be completed in February 2008 and a new resource statement along with the results of the pre-feasibility study will be forthcoming at the end of Q1 2008."

Tue, 29 Jan 2008 07:28:00 +0000
Pan African to speed up drilling at Bogoin
Jan Nelson, CEO of Pan African, commented: "The drilling results are being used to confirm previous interpretations of gold mineralisation at surface to depths of 15 - 35m. The drilling results received to date, have encouraged the Company to speed up the drilling programme and as a result a Reverse Circulation ("RC") drill rig will be on site by the end of Q1 2008 in addition to the RAB drill rig.
Tue, 27 Nov 2007 06:45:00 +0000
Pan African Resources updates on Mozambique and Central African Republic
In September the Company reported the results for 15 boreholes drilled on the Manica Project. Assay results have now been received for another holes. Gold was encountered in each hole and highlights include: 2.90metres at 18.70 g/t gold, 7.05m at 9.28 g/t gold, and 1.86m at 9.04 g/t gold.

The company await results from another 35 drill holes. Neither the assay results announced in September nor the results announced today are included in the current resource statement for Manica - which stands at 1,550Moz at 2.96 g/t gold. An updated Resource Statement is planned for Q1 2008.

Over 2,000 metres of Rotary Air Blast drilling is complete in the Central African Republic and assay results from 21 boreholes have been received. The Company's geological team are compiling the results which will be announced following independent verification.

Jan Nelson, CEO of Pan African, said

'The results from the ongoing drilling programme continue to confirm the Company's expectations of the Manica gold project, in terms of both volumes and grade of the deposit. The final geological model is expected to reach completion by January 2008; upon which final mine optimisation will be completed in-house.”
Mon, 19 Nov 2007 02:43:00 +0000
Pan African Resources Completes leap from explorer to producer Pan African Resources made the leap from explorer to producer with the recent acquisition of 74% in Barberton Mines, but the resulting Metorex partnership may yet prove the most significant aspect of the deal.

Tue, 23 Oct 2007 23:00:00 +0100
Pan African Resources upgrades resource at Manica to 1.55 million ounces
The African focused gold exploration and production company upgraded the total resource estimate (indicated, inferred and measured) at Manica by 18% to 1.55 million ounces of contained gold. The upgrade included higher gold grades at the Fair Bridge prospect where infill drilling increased the total resource by 20% to 1.245 million ounces.

Further updates on the resource estimates at Manica are expected with another 6000 metres of drilling earmarked for the Fair Bridge prospect and 9000 metres of reverse circulation drilling at the Guy Fawkes prospect. Both drilling campaigns are expected to be complete before year end.

“The latest results from the drilling programme have not only confirmed the Company’s expectation that the grade at the Fair Bride prospect is higher than previously anticipated, but has also outlined additional resources at depth and along strike, at Fair Bride, as well as at the Guy Fawkes and Dot’s Luck prospects." commented Jan Nelson, CEO of Pan African. "As a result of the identification of these additional resources, the completion of the pre-feasibility study will now be delayed until Q1 2008 to accommodate all of the new information. The Company is looking forward to reporting on the ongoing results during the course of the year.”

Shares in Pan African Resources rose 6%.

Mon, 10 Sep 2007 10:39:00 +0100
Pan African Resources – biggest of its kind on SA’s AltX AIM.

Jan Nelson, CEO of Pan African, said

“I am delighted to see the Company's shares commence trading on AltX today. Pan African is now the largest gold production and exploration company trading on the growing Altx market and we are confident that there will be significant interest in the Company from the South African investment community.”
Tue, 31 Jul 2007 06:24:00 +0100
Pan African Resources - Barberton Mines acquisition & re-admission to AIM
A copy of the admission document has been posted to shareholders and is also available from the company's web site. This document provides details of the company's proposed acquisition of 74 per cent of Barberton Mines in South Africa, which will establish Pan African as a gold production company.

Pan African recently announced an acquisition in Ghana.

Jan Nelson, CEO of Pan African Resources said:

"The proposed transaction will result in Pan African being transformed from a junior gold explorer to a mid-tier gold producer and explorer that can fund its own exploration activities.”

The company’s shares recommenced trading on AIM this morning – rising 1.87p (30.61%) to 8.0p on opening.
Wed, 04 Jul 2007 07:36:00 +0100
Proactive Audio Interview Pan African Resources Tue, 03 Jul 2007 23:00:00 +0100 Proactive Audio Interview Pan African Resources Tue, 03 Jul 2007 23:00:00 +0100 Pan African Resources acquires exploration rights in Ghana
Pan African will pay £52,632 in cash and issued 12 million shares at a value of 6 pence per share to Birim and SEMS valuing the transaction at £720,000. The remaining 10% will be held by Birim as a free carried interest, which Pan African will have the right to acquire once a Bankable Feasibility Study is completed.

The property is contiguous to the Obuasi Gold Mine, the largest gold producer in Ghana.

Jan Nelson, CEO of Pan African, said: "Pan African successfully acquired this licence in a highly competitive market by establishing good relations with our local business partners. Moving into Ghana gives effect to our stated strategy of balancing geographic risk and investing in projects with potential to deliver significant returns."

Thu, 28 Jun 2007 07:05:00 +0100
Pan African Resources Tue, 26 Jun 2007 23:00:00 +0100 Pan African Resources Tue, 26 Jun 2007 23:00:00 +0100 Pan African Resources obtains SARB approval for Barberton acquisition.
All the prerequisite conditions for the successful completion of the Barberton transaction have now been satisfied with the exception of approvals from the Johannesburg Stock Exchange (JSE) and shareholders.

The Company expects to submit documentation for final JSE approval within the next week.

The Company expects to post documentation seeking shareholder approval during the first half of July and expects that trading in the company's shares on AIM will re-start concurrently.

Jan Nelson, CEO of Pan African, said: "We are delighted with the announcement from SARB. We are now looking forward to our re-admission onto AIM and subsequent secondary listing onto AltX. This is the springboard of almost a year's work and will significantly enhance shareholder value in the Company as well as strategically position Pan African for further growth opportunities."]]>
Tue, 26 Jun 2007 08:18:00 +0100
Pan African Resources: Developer, explorer and now producer. On 20 December 2006, Pan African Resources took the market by surprise when it went into suspension after announcing it was to acquire a producing gold mine to add to its portfolio of greenstone belt gold assets in Africa.

Mon, 26 Mar 2007 23:00:00 +0100
Ambrian issues buy recommendation for Pan African Resources
In the note Ambrian said that Pan African's acquisition of a 74% interest in Barbeton Mines should transform the company into a 100,000 ounce gold per annum producer. This move from explorer to producer encouraged Ambrian to issue a buy recommendation as the change in profile should create a 'significant' re-rating,

Shares in Pan African Resources are expected to re-list in AIM in late April once the reverse takeover is complete.

Thu, 15 Mar 2007 01:33:00 +0000
Pan African Resources releases independent valuation of Manica Project
Turgis, using parameters set by Pan African highlighted the potential to develop a small open pit mine producing approximately 84,000 per annum for 8.5 years with a cash cost of US$387/ounce with an ungeared, pre-tax and royalty project NPV of US$39 million at a gold price of US$600/oz and a discount rate of 12%.

Pan African intent to continue drilling at Fair Bridge into the first quarter of 2007 with the intend of proving up additional zones and firming up the known deposit. The independent study is part of a wider pre-feasibility due to be completed by year end.

Jan Nelson, CEO, Pan African, commented: "The company is very pleased with the results from the independent mining evaluation completed by Turgis, which shows the deposit to be commercially viable under current economic conditions. There is still room for improvement on capital and working cost estimates, sulphide recoveries and the life of mine, and we are currently addressing these factors."

Pan African is seeking to develop the Fair Bridge deposit to a stage where it can be effectively sold to a company seeking advanced projects.
Wed, 15 Nov 2006 10:29:00 +0000
Pan African Resources Revitalises historic Manica. Infill sampling and a magnetic survey to discover the most prospective part of this anomaly will lead to identification of drill targets, which PAF intend to test by the end of the year. Also planned for this year is the commencement of systematic soil sampling at Dekoa

Thu, 21 Sep 2006 23:00:00 +0100