Following the death of a worker, Pan African Resources plc (LON:PAF) is suspending operations at its Evander gold mine in South Africa for up to 55 days.
The suspension comes in the context of a previously announced refurbishment programme and will involve remedial action on two mine shafts.
The cost of the shaft refurbishment programmes is expected to be approximately R40 mln (US$3 mln) and will be funded from the company’s existing banking facilities.
The suspension means that the company now expects to produce 181,000 ounces of gold for the full year to June 2017, instead of the previously flagged 195,000 ounces.