Pan African plans R500m buy-back after declaring record dividend
PAN African Resources announced plans to buy back up to R500m of its own shares after a surge in cash flow helped it declare a record final dividend for its 2026 financial year.…
Pan African pays its way out of Aussie gold penalty
SOUTH African miners have made hay in Australia in recent years. Harmony Gold and Thungela Resources have bought mines in the country as local resources dry up. Gold miner Pan…
Pan African goes all in on Australia’s ‘heart of gold’
PAN African Resources – a one-time gold-mining minnow that started with just a deep-level mine in Barberton – is extending its empire in Australia. This, arguably, at peak gold…
SA miners call on Govt for illegal mining strategy
THE Minerals Council SA has called on the South African government to approve a dedicated illegal mining strategy as precious metal theft and smuggling continue to damage the…
Pan African sees production accelerating in the next six months
Surface and underground gold miner Pan African Resources expects to grow output by 16% to about 215,000oz of gold in its current year, at the lower end of previous guidance, but…
High flying Pan African weighs doubling up on Mintails
SHARES in gold miner Pan African Resources have doubled this year, which is normally a signal to investors to steer clear of the company. At just over 33p a share, the company is…
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 seals five year wage deal for Barberton Gold
PAN African Resources has signed a five year wage deal with the National Union of Mineworkers for members employed at the gold miner’s Barberton operations in Mpumalanga…
Pan African set for upswing in capital returns from 2025/6
SHARES in Pan African Resources, a small gold miner with a secondary JSE listing, have been on a tear this year. The stock is about 49% higher but is still capitalised at just…
Pan African storms back but investors sit on sidelines
PAN African Resources CEO Cobus Loots rowed back on comments the company could produce more gold than forecast saying on Wednesday current guidance of 180,000 ounces for the 12…
Pan African says may raise 2024 gold output after strong first half
PAN African Resources is half way to staging a strong year-on-year recovery for the 12 months ending June 30. In an operational update for the six months ended December, the…
Pan African raises confidence in higher end of 2024 gold target
PAN African Resources increased forecast production for its 2024 financial year to between 180,000 to 190,000 ounces following a strong showing in the first six months. Providing…
Copper 360’s Nelson hopes to double share price in 12 months
COPPER 360 CEO Jan Nelson plans to double investors’ money in 2024. The next six months will show if he can do it. In that time, he plans to start generating positive cash flow,…
Crunch time for Pan African as new gold projects have to deliver
The coming year is going to be a testing time for Pan African Resources. Management has to keep two major new capital projects under way, one at Mintails and the other at Evander…
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 secures R2.5bn Mintails funding with gold sales deal
PAN African Resources will begin construction on its R2.5bn Mintails project after financing the final R400m in outstanding capex after selling a portion of gold production…
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 to post up to 41% decline in interim share earnings after gold sales fall
PAN African Resources said it expected to post a decline in interim share earnings of between 31% and 41% following a decline in gold sold and a lower gold price received.…
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…