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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pan African Resources Plc | LSE:PAF | London | Ordinary Share | GB0004300496 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.15 | -0.63% | 23.85 | 23.85 | 23.95 | 24.55 | 23.30 | 23.30 | 2,930,699 | 16:29:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 321.61M | 60.74M | 0.0317 | 7.52 | 457.09M |
Pan African Resources PLC Pan African Resources Funding Company
(Incorporated and registered in England and Wales Limited
under Companies Act 1985 with registered Incorporated in the Republic of South Africa
number 3937466 on 25 February 2000) with limited liability
Share code on AIM: PAF Registration number: 2012/021237/06
Share code on JSE: PAN Alpha code: PARI
ISIN: GB0004300496
ADR code: PAFRY
(“Pan African” or “the Company” or “the Group”)
OPERATIONAL UPDATE FOR THE HALF YEAR ENDED DECEMBER 2023 (H1 FY2024)
Pan African is pleased to provide its shareholders and noteholders with a production update for the half year ended 31 December 2023 (Reporting Period) and information on progress being made with the construction of the processing plant at the Mogale Tailings Retreatment project (MTR Project).
KEY FEATURES
SAFETY AND GROUP GOLD PRODUCTION FOR SIX MONTHS ENDING DECEMBER 2023
* Surface sources from Fairview Mine included in BTRP production
PRODUCTION GUIDANCE
FINANCIAL RESULTS
MTR PROJECT
UPDATE ON THE ORGANIC GROWTH PROJECTS
ESG UPDATES
Cobus Loots, Pan African’s CEO commented:
“We are pleased with the Group’s excellent safety, production and cost performance for the Reporting Period which positions us well to deliver on our guidance for the full financial year. Commissioning of the world-class processing plant at the MTR Project towards the end of this calendar year will further increase the Group’s production with approximately 50,000 oz per year of high margin ounces.
The commissioning of Barberton’s solar PV plant will contribute to further cost savings in the next financial year, adding to the benefits already being realised from Evander’s PV solar plant. We are also excited by the positive and tangible impact the Group’s ESG projects have made on improving relationships with our host communities and contributing to the sustainability of these areas.”
INTERIM RESULTS PRESENTATION, OPERATIONAL AND GROWTH PROJECTS UPDATE
A detailed update on the Group’s operations and capital projects will be included in the Company’s interim results presentation, scheduled for release on 14 February 2024.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
Rosebank
22 January 2024
For further information on Pan African Resources, please visit the Company's website at
www.panafricanresources.com
Corporate information | |
Corporate Office The Firs Office Building 2nd Floor, Office 204 Cnr. Cradock and Biermann Avenues Rosebank, Johannesburg South Africa Office: + 27 (0)11 243 2900 info@paf.co.za | Registered Office 107 Cheapside Second Floor London EC2V 6DN United Kingdom Office: + 44 (0)20 7796 8644 |
Chief Executive Officer Cobus Loots Office: + 27 (0)11 243 2900 | Financial Director Deon Louw Office: + 27 (0)11 243 2900 |
Head: Investor Relations Hethen Hira | Website: www.panafricanresources.com |
Company Secretary Jane Kirton St James's Corporate Services Limited Office: + 44 (0)20 7796 8644 | Nominated Adviser and Joint Broker Ross Allister/Bhavesh Patel Peel Hunt LLP Office: +44 (0)20 7418 8900 |
JSE Sponsor Ciska Kloppers Questco Corporate Advisory Proprietary Limited Office: + 27 (0)11 011 9200 | Joint Broker Thomas Rider/Nick Macann BMO Capital Markets Limited Office: +44 (0)20 7236 1010 |
| Joint Broker Matthew Armitt/Jennifer Lee Joh. Berenberg, Gossler & Co KG (Berenberg) Office: +44 (0)20 3207 7800 |
Copyright y 22 PR Newswire
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