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Pan African Resources reports sharp increase in gold production in first half

Published: 13:24 25 Jan 2019 GMT

Cobus Loots, chief executive of Pan African Resources plc (LON:PAF), tells Proactive London's Andrew Scott they saw a good performance across the group for the six months to December 2018.

Gold production from their continuing mining operations increased by 54.2% to 81,014 ounces (oz) from 52,548 oz in the same period of 2017.

He says there were “robust operational performances” from Barberton Mines’ underground operations and from the group’s tailings retreatment plants.

The new Elikhulu tailings retreatment plant, which reached nameplate throughput capacity in October, contributed 15,292 oz (2017: nil) of incremental low-cost ounces.

Pan African Resources on track to meet full-year guidance after strong first...

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots takes Proactive's Stephen Gunnion through the company's interim results to 31 December 2023. The mining firm experienced a significant uptick in performance, driven by increased production and a favourable...

on 14/2/24