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

Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive London's Andrew Scott they saw a good performance across the group for the six months to December 2018.

Gold production from their continuing mining operations increased by 54.2% to 81,014 ounces (oz) from 52,548 oz in the same period of 2017.

He says there were “robust operational performances” from Barberton Mines’ underground operations and from the group’s tailings retreatment plants.

The new Elikhulu tailings retreatment plant, which reached nameplate throughput capacity in October, contributed 15,292 oz (2017: nil) of incremental low-cost ounces.

Quick facts: Pan African Resources plc

Price: 26.4 GBX

AIM:PAF
Market: AIM
Market Cap: £509.08 m
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Pan African Resources plc's (LON:PAF) Cobus Loots tells Proactive its gold production increased by 4.1% in the year ended June 2020. Loots says the strategic focus for the year ahead remains on optimising operations and de-gearing the balance sheet with the intention of increasing dividends in...

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