leadf
logo-loader
viewPan African Resources plc

Pan African expects to make 'big dent in its debt' after remaining cashflow positive in lockdown

 

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 the 2020 financial year has been lowered by only 5% to 176,000 ounces of gold.

Quick facts: Pan African Resources plc

Price: 20 GBX

AIM:PAF
Market: AIM
Market Cap: £385.67 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Pan African should be debt-free this year and hopes to increase dividends as...

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...

on 17/7/20

2 min read