viewPan African Resources plc

Pan African Resources set to benefit from stronger gold price


  • South African- based gold miner 
  • Operations at Barberton, Evander and Elikhulu
  • Previous production for this year was 185,000oz
Pan African Resources plc - Pan African Resources back on track as production climbs

Quick facts: Pan African Resources plc

Price: 20.5 GBX

Market: AIM
Market Cap: £395.31 m

How it's doing

Prioro to the coronavirus crisis, Pan African had been performing well.,

Earnings per share for the six months ended 31 December more than doubled to 1.14 US cents per share, the miner said in results released on 18 February. Total gold sold increased by nearly 14% to just over 90,600 ounces. 

A higher gold price has helped. 

Pan African had previously said it expected to produce 185,000 ounces of the yellow metal for the full-year while the Evander 8 Shaft Pillar reaching commercial production would add “further high-margin” output in the second half.

Following the coronavirus lockdowns however, guidance has been suspended, as operations have been partially restricted under the South African measures to mitigate the spread of the virus. Pan African has expressed full support for the government's measures.

Latest video

Inflexion points 

  • Production hits its target of 185,000oz this year
  • Gold price remains high
  • Dividend rises as debt is paid down

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pan African Resources plc named herein, including the promotion by the Company of Pan African Resources plc in any Content on the Site, the...



Market report: Steady FTSE 100 shrugs off second wave spike fears

Headlines from the Proactive UK newsroom. The FTSE 100’s daily switchback ride continued as it rallied again after a weak start on renewed coronavirus fears. The blue-chip index added 20 points to 6,069. After the latest lockdown easing, The Gym Group PLC (LON:GYM) said it will reopen 160...

12 hours, 52 minutes ago

2 min read