Pan African Resources is reviewing its cost base and "strategic merits" of its portfolio
Production guidance for fiscal 2018 (to end-June) was reduced to 177,000-181,000 ounces from 190,000 ounces previously
Company
Pan African Resources PLC
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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Pan African Resources restructures black economic empowerment arrangements
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Pan African Resources predicts recovery in current year after challenges at key mines
Shaft repairs have been completed at Evander Mines with a substantial increase in gold production expected to be the result.
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Pan African in demand as it secures final regulatory approvals for construction of Elikhulu
“The granting of the environmental permitting for Elikhulu is the final regulatory approval required for the construction of Elikhulu”
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Pan African Resources lowers earnings guidance for 2017 due to strong Rand
Under Johannesburg Stock Exchange rules, a firm must disclose if it believes results will differ by at least 20%
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Pan African Resources to sell Phoenix Platinum to Sylvania Resources for around £5.2mln in cash
The firm said the disposal will allow it to focus on its existing gold operations, construction of the Elikhulu tailings retreatment project and “other organic and acquisitive growth opportunities”
FTSE 100 manages to hold onto gains; Severn Trent top gainer
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Pan African Resources recovers its poise, production guided at 190,000 ounces of gold this year
The gold miner is now putting a tough operational period behind it
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Pan African Resources on recovery track
Pan African hopes to be in production at Elikhulu in the final quarter of next year.
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Pan African Resources to complete Evander repair work next week
Work is expected to be completed on 15 April within the original R40m ($2.3mln) estimate
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Pan African Resources disposes of Uitkomst coal mine
Coal of Africa (LON:COAL) is now acquiring a 91% stake for R275mln (£16mln).
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Pan African Resources on track with refurbishment at Evander
Critical maintenance work is scheduled to be completed within the 55-day timeframe the miner originally set out
Broker keen on Pan African after mine visit
“We now see potential for Evander to exit this suspension of underground operations on a stronger footing.”
Forbidden Technologies hit by chief exec resgination
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Pan African Resources to pay out a record £17mln to investors as first-half profits improve
The company said it would hand back a record £17.1mln in dividend payments
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Pan African suspends underground mining at Evander
Pan African has cut production guidance, following a fatality at Evander
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FTSE closes flat as Unilever holds market back
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Numis Securities remains upbeat on Pan African Resources after Elikhulu news
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Pan African to open new tailings plant after upbeat study
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Pan African Resources: Record production behind a doubling in earnings
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Pan African buoyed by gold resurgence
Earnings for the year to June will be at least double last year with production also ahead of target it said in August
Pan African's earnings soar as gold price recovers
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Pan African reaches agreement with Samancor over tailings
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Pan African Resources PLC well established as mid-tier producer
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Pan African commits to dividend as debt falls
Group is on course for 200,000oz and 9,000oz of gold and PGEs [platinum] respectively this year said chief executive Cobus Loots
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Pan African Resources earnings double as Evander recovers
Over the half year, the rand declined by almost 17% against the pound.
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Gold miner Pan African slashes debts as earnings recover
Barberton and Evander mines performed better while the gold price in rand terms also increased.
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Pan African agrees wage deals at both South African mines
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UPDATE - Pan African expects improvement after tough year
"The successful commissioning of the ETRP [tailings plant] together with Phoenix Platinum’s production and profitability ramp-up, confirms the group’s ability to grow."
International Ferro Metals buckles under commodity price weakness
International Ferro Metals has gone into business administration
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Pan African confident of recovery after testing twelve months
Recent moves, including buying a coal mine, have raised eyebrows, but the company looks set to reach bumper profits by 2016 after pushing through a difficult year.
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FTSE 100 down 18 at lunch, Plus500 starts unfreezing accounts
London's blue chips were led lower by miners after weak chinese data and downgrades from Societe Generale.
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UPDATE - Pan African expects improvement in 2016; acquires coal mine for £10.4mln
Pan African Resources chief executive Cobus Loots said: "the group is well positioned to deliver an improved performance in 2016.”