Proactive Investors - Run By Investors For Investors

Pan African Resources expects uplift to EPS for second half of 2018

In an update for the six months ended 31 December, the firm said its EPS and headline EPS from continuing operations were expected to range between 3% to 13% higher than a year ago
Mining helmets
The EPS and HEPS range was forecast at between 0.37p and 0.41p per share

Pan African Resources plc (LON:PAF) said it expects its earnings per share (EPS) for the second half of 2018 to be higher year-on-year.

In a trading update for the six months ended 31 December, the gold miner said its EPS and headline EPS (HEPS) from continuing operations were expected to range between 3% to 13% higher than the 0.36p per share reported a year ago, resulting in an EPS and HEPS range of between 0.37p and 0.41p.

WATCH: Pan African Resources reports sharp increase in gold production in first half

For the group’s combined operations, which include discontinued mining at Evander Gold Mining Proprietary Limited, EPS was expected to be 112% to 122% higher at between 0.38p and 0.4p per share from 0.18p previously, while HEPS was predicted to be between 90% to 100% higher at the same range from 0.2p the year before.

Pan African added that during the six-month period the value of the South African rand, in which it conducts material transactions, had depreciated by around 4% year-on-year and that this should be considered when comparing results for the period.

View full PAF profile View Profile

Pan African Resources plc Timeline

Related Articles

Gold piggy bank
November 19 2018
The Vancouver-based group recently completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia
The firm's geology in Bolivia
May 05 2019
The company picked up its flagship Silver Sand project in Bolivia when it bought Alcira for US$40 million two years ago
A gold pour
February 19 2019
At the Santana project, the group s now awaiting final permit approval for commercial operations

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use