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Pan African Resources repositions after challenging year

Pan African Resources' (LON:PAF) Cobus Loots and Deon Louw tell Proactive that the firm has "effectively repositioned" the business as low-cost, low-risk, and long life following a challenging year.

Loots says over 50% of the firm's business will now be from surface tailings and re-mining of old mine dumps.

Louw adds that the company is hoping the firm's share price will recover as the benefits from the repositioning come through to the bottom line.

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