The miner produced a total of 201,777 ounces of gold in the twelve months ended June 30, up 12.4% and posted a net profit after tax of US$74.7mln, a company record. Earnings per share grew 68.3% to 3.87 American cents and operating profit was up 36% to US$128mln. The company lifted its final dividend 28.5%, to a total pay-out of US$28.3mln.
“We are, once again, pleased to report major positive strides in Pan African’s operational and financial performance, despite the challenges of the ongoing COVID-19 pandemic,” said chief executive Cobus Loots.
“The operational flexibility afforded by our multiple producing assets has enabled the group to improve margins, achieve record profits and realise our second-highest annual gold production.
“We are also proposing our highest-ever dividend for approval at the upcoming annual general meeting.”