Pan African poised for rerate as growth options abound
A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…
Pan African gold project draws investor interest
PAN African Resources said it had received offers from potential co-investors in a proposed underground gold expansion in South Africa. The miner announced in February it was…
Pan African dusts off historic gold in drive for growth
PAN African Resources said on Wednesday it will pay shareholders a maiden interim dividend of 12 South African cents per share, equal to a gross payout of R280m ($17.4m or…
Pan African calls time on rampant gold theft at Sheba mine
PAN African Resources said it had “had enough” of rampant gold theft and declining productivity at its Sheba mine in Mpumalanga which it is now restructuring. “It’s time for a…
Pan African says full year earnings to be 25-35% higher
THE improvement in the gold price and higher gold sales will help Pan African Resources to a 25% to 35% earnings improvement for the full year ended June, the group said in a…
Pan African hits 2024 guidance – but it could have been better
PAN African Resources produced 186,039 ounces of gold in its 2024 financial year ended June – 6.2% more than in 2023 owing to an much-improved performance at the Barberton Mines…
Pan African weighs R2bn Mintails extension as gold powers on
PAN African Resources said the improvement in the gold price would result in a doubling in returns for its R2.5bn Mintails project, due to be commissioned in December. Commenting…
How SA plans to profit from sky-high gold prices
On February 28 Harmony Gold approved the R7.9bn deepening of its Mponeng mine, in Carletonville, west of Joburg. Once the capital work is complete in 2030, the South African…
Pan African lifts gold forecast for 2024 after slump for year to end-June
PAN African Resources achieved its adjusted gold production forecast for the 12 months ended June and said output for the current financial year would increase. Commenting in an…
Pan African has so far missed the gold bonanza. Can it make up lost time?
WHAT Eskom taketh away, the rand giveth back. That’s one way of looking at prospects for Pan African Resources, a midtier gold producer that seems to have completely missed the…
Pan African agrees solar energy supply with proposed 40MW plant in Bela Bela
PAN African Resources announced today it had signed a power purchase agreement for third party supply of renewable energy from a proposed 40MW plant at Bela Bela in South…
Pan African says Mintails can transform West Rand’s abandoned gold district
PAN African Resources thinks its R2.5bn Mintails project, due to kick off in June, can transform social conditions in the west Rand hotspot. “The social situation is challenging:…
Pan African shuffles cards at Barberton Mines amid below par half-year production
PAN African Resources is to restructure the way it mines at its Barberton Mines in Mpumalanga province which will involve converting to contractor mining and round-the-clock…