Pan African Resources (LON:PAF) saw earnings bound ahead in its latest half year as production recovered and the weak rand helped costs.
The South African gold miner said that in rand terms earnings rose by between 119% and 139% in the half year to December to between 11.87c and 12.95c.
In sterling terms, earnings rose by 90% to 110% to between 0.57p to 0.63p.
Over the half year, the rand declined by almost 17% to 20.83 to the pound.
Production last year had been affected by grade problems at Evander and power supply problems generally in South Africa, but in the latest half year group production rose by 16% to just over 106,000 ounces of gold.
A recovery at Evander as it moved to higher grade areas saw output at the mine rise to 45,350 ounces, from 33,733.
Barberton’s output rose by 7% to 56,400 ounces, while platinum tailings production was essentially flat.
Shares rose 8% to 12.1p.