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A look at some of the biggest risers and fallers in the London market on Friday
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LON:PAF
Pan African Resources PLC is a mid-tier African-focused gold producer with a production capacity in excess of 200,000oz of gold per annum. The company owns and operate a portfolio of high-quality, low-cost operations and projects, which are located in South Africa.
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A look at some of the biggest risers and fallers in the London market on Friday
The AIM-listed firm said the agreement provides for an average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA members, respectively, over the three years
FTSE 100 finished down around 41 points or 0.56%, at 7,277 as its poor run continues
Pan African Resources has more than doubled its mineral resource estimate at the Royal Sheba project after results from the latest round of drilling beat expectations.
A look at some of the London market's biggest risers and fallers on Thursday
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A glance at some of the day's highlights from the Proactive Investors newswire
The AIM-listed miner now believes there could be 0.9mln ounces underfoot at Sheba although that figure could rise once again in November once all the drilling results are back
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The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
Numis analysts said: “This is a good result for PAF, which should also benefit from the recent weakening of the ZAR vs the USD that should offset some of the impact of the weaker gold price”
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A look at the day's big share price movements,featuring RHI Magnestia, Rank, Kaz Minerals, Moneysupermarket.com, GoCompare.com, Kingfisher, Ashley House, Marhsalls, Online Blockchain, Green & Smart, Abzena and On the Beach
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A glance at some of the day's highlights from the Proactive Investors newswire
Elikhulu is expected to become Pan African’s flagship operation, producing 70,000 ounces of gold every year when it reaches full production
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The UK blue-chip benchmark closed up over 58 points at 7,556, while its mid-cap cousin FTSE 250 added almost 142 points
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ECR Minerals and Ariana Resources had a good week, with their share prices rising after news, but Tertiary Minerals suffered a setback in Sweden
In terms of safety performances, significant progress was made over the past year with on-mine safety improvement
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, featuring Strategic Minerals, Avanti Communications, Transense, BlueRock Diamonds and Stratex
Following the disposal, PAR Gold continues to hold 306.36mln Pan African shares, representing 13.7% of the issued share capital of the company
Investments and investor services
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
In an operations update, the AIM-listed precious metals miner said the construction of the regrind mill at the BTRP was complete and the commissioning process had commenced