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Pan African reports on pleasing performance as gold production is boosted

Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive London's Andrew Scott they've boosted gold production by more than 51% in the nine months to March helped by an 11% rise at the Barberton Mines complex.

Pan African produced just shy of 123,800oz of gold in the nine months, out of which almost 73,000oz came from Barberton, 21,000oz from Evander and 30,000oz from the Elikhulu tailings retreatment plant.

Quick facts: Pan African Resources plc

Price: 18.425 GBX

AIM:PAF
Market: AIM
Market Cap: £355.29 m
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Pan African expects to make 'big dent in its debt' after remaining cashflow...

  Pan African Resources plc's (LON:PAF) Cobus Loots tells Proactive London's Andrew Scott they remained cashflow positive despite the coronavirus (COVID-19) pandemic and lockdown measures in South Africa. He says despite operations being severely affected, the production forecast for...

on 13/5/20

2 min read